ARYZTA (ARYN) Q3 2024 TU earnings summary

Executive summary

• Achieved 2.0% organic growth in Q3 2024, with a strong 3.2% volume rebound despite weak consumer spending.

• Recovery in QSR continued, while Retail and Other Foodservice segments performed solidly.

• Nine-month organic growth was 0.2%, with Europe slightly negative and Rest of World up 3.3%.

Financial highlights

• Q3 2024 group revenue reached €552.2m, up 2.5% year-over-year.

• Nine-month group revenue totaled €1,607.4m, with currency movement contributing 0.5%.

• Negative price impact of (1.1)% in Q3, with mix slightly negative at (0.1)%.

Outlook and guidance

• Full year organic growth targeted at the lower end of low to mid-single digit guidance.

• Mid-term EBITDA margin target remains on track through business improvements and cost management.

• No deflationary trend expected due to ongoing price volatility and cost inflation.