Aryzta: a stronger balance sheet

The industrial bakery group Aryzta is successfully continuing its restructuring and has just repurchased CHF 120.3 million of its hybrid debt. This will help reduce its debt ratios and improve its financial cost structure while interest rates are on the rise. Fundamentally, the business model has demonstrated its relevance by firstly resisting the disruptions of the covid pandemic, and then the sharp rise in raw material prices and inflationary pressures. The focus on quality, innovation and relationships with suppliers and customers allowed the group to improve its profitability and growth during the first half of 2023. Furthermore, Aryzta reiterated its objectives for 2025.