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ARYZTA
ARYZTA (ARYN) investor relations material
ARYZTA Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 TU earnings summary22 Jan, 2026
Executive summary
Achieved or exceeded FY2025 guidance with organic growth in the low to mid-single-digit range, supported by both volume and price improvements, despite a subdued consumer environment.
EBITDA exceeded €305 million, with free cash flow between €115 million and €120 million.
Financing costs, including lease interest, were significantly below guidance at €42–44 million.
Key customer negotiations completed, providing good visibility on pricing for 2026 and supporting profitable growth.
Management implemented structural changes and cost reductions to accelerate revenue growth and improve performance for 2026.
Financial highlights
Organic growth for FY2025 confirmed in the low to mid-single-digit range.
EBITDA above €305 million; free cash flow in the €115–120 million range.
Financing costs, including lease interest, at €42–44 million, below previous guidance.
CapEx for 2025 at levels comparable to 2024.
Net debt, including all items, expected to be below €800 million for 2025.
Outlook and guidance
Expects further positive organic growth and improved business performance in 2026, driven by new production lines and successful customer negotiations.
Free cash flow conversion of EBITDA targeted above 40% over the midterm plan.
CapEx for 2026 and 2027 to remain within 3.5–4.5% of revenue, with Portugal investment spread over both years.
Focus remains on performance improvement, cash generation, and capital return to shareholders as per 2025–2028 mid-term plan.
Further details on guidance to be provided on March 2nd.
Timeline for Portugal bakery's financial impact
How will ARYZTA leverage interest arbitrage?
Detail 2026 fixed cost structure optimization plans
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Next ARYZTA earnings date
Q4 20252 Mar, 2026
ARYZTA
Next ARYZTA earnings date
Q4 20252 Mar, 2026
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Frequently asked questions
ARYZTA AG is an international bakery company specializing in the production and distribution of a wide range of specialty bakery products. The company's extensive product portfolio includes artisan breads, pastries, cookies, donuts, muffins, buns, and other sweet and savory baked goods. ARYZTA caters to the convenience bakery sector, offering high-quality, great-tasting bakery solutions for in-store bakeries across various markets. The company is headquartered in Zurich, Switzerland, and its shares are listed on the SIX.
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