Brief: Aryzta Announces Midterm Targets

Aryzta AG

08/06/2022 06:04

June 8 (Reuters) - Aryzta AG  ARYN.S :
    * CAPITAL MARKETS DAY: ARYZTA ANNOUNCES MIDTERM TARGETS AND
PLANS
TO ADDRESS EURO HYBRID
    * ARYZTA AG - EXPECTS TO ACHIEVE BETTER THAN MARKET GROWTH,
WITH
AN ORGANIC GROWTH TARGET OF 4.5%-5.5%, AND REACH TOTAL REVENUE
OF AT LEAST €2 BILLION AT CONSTANT PRICING BY THE END OF THE
PERIOD
    * ARYZTA AG - ALSO EXPECTS TO ACHIEVE A MINIMUM EBITDA
MARGIN OF
14.5%.
    * ARYZTA AG - PLANS TO REPURCHASE AND/OR REPAY THE EURO
HYBRID ON
A PHASED BASIS OVER ITS FINANCIAL YEARS 2023 TO 2025

Source text for Eikon:  ID:nGNEqlJN1 
Further company coverage:  ARYN.S 

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