October 1, 2018 / 5:10 AM / in 2 months

CORRECTED-BRIEF-Aryzta FY Net Profit Down 72.3 Pct To EUR 49.6 Million

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Oct 1 (Reuters) - Aryzta AG:

* FY REVENUE DECREASE OF (9.5)% TO €3,435M; (1.2)% ORGANIC DECLINE (EX CLOVERHILL +0.5%)

* FY UNDERLYING NET PROFIT DECREASED (72.3)% TO €49.6M

* FOR FY2019, EXPECTS UNDERLYING PERFORMANCE TO BE STABLE AND THE EARLY BENEFITS FROM PROJECT RENEW TO FLOW INTO THE P&L

* EXPECTS MID- TO HIGHSINGLE-DIGIT ORGANIC EBITDA GROWTH FOR FY2019

* TARGETING EBITDA MARGINS IN MEDIUM-TERM IN A RANGE OF 12% TO 14% AS IT PROGRESSES IN ITS MULTI-YEAR TURNAROUND STRATEGY Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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