Brief: Aryzta FY IFRS Loss Widens To EUR 1.09 Billion

Aryzta AG

06/10/2020 06:07

Oct 6 (Reuters) - Aryzta AG  ARYN.S :
    * FY GROUP ORGANIC REVENUE DECLINED BY (11.6)%, REFLECTING
IMPACT
OF COVID-19 IN H2
    * FY UNDERLYING EBITDA OF €260M DECREASED BY (15.4)% AND BY
(33.0)% LIKE-FOR-LIKE BEFORE IFRS 1
    * FY UNDERLYING NET LOSS OF €(18)M VERSUS UNDERLYING NET
PROFIT OF
€74M IN FY19
    * FY IFRS LOSS FOR THE YEAR OF €(1,092)M COMPARED TO IFRS
LOSS OF
€(29)M IN FY19
    * COVID-19 WILL HAVE A MATERIAL EFFECT ON FY 2021 UNDERLYING
EBITDA GENERATION
    * ARYZTA CONTINUES TO EXPECT A BUMPY RECOVERY IN THE MARKET
OVER
THE COMING MONTHS.

Source text for Eikon:  ID:nGNE8wR6lW 
Further company coverage:  ARYN.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))