Aryzta AG (ARYN.S)
ZURICH, Aug 13 Aryzta plans to raise up to 800 million euros ($909.5 million) in new equity to help the beleaguered bakery company achieve its turnaround plan, it said on Monday as its shares slid to a record low.
ZURICH, Aug 13 Aryzta said on Monday it planned to raise up to 800 million euros ($909.52 million) in new capital to help the beleaguered bakery company achieve its turnaround plan.
* BOARD HAS RESOLVED THAT FOLLOWING A COMPREHENSIVE REVIEW OF ITS CAPITAL STRUCTURE IT INTENDS TO RAISE UP TO EUR 800 MILLION OF EQUITY CAPITAL
May 24 Speciality baker Aryzta reduced its profit outlook on Thursday after recovery plans of its new-look management team were dented by renewed weakness in Europe, its biggest market.
May 24 Swiss food company Aryzta further cut its full-year guidance for earnings before interest, tax, depreciation and amortisation (EBITDA) after saying EBITDA margins in the third quarter fell below management expectations.
* ESTIMATES FY18 EBITDA WILL BE C. 9-12% LOWER THAN PRIOR EBITDA GUIDANCE
* APPOINTMENT OF GREGORY SKLIKAS AS CEO EUROPE AS A SUCESSOR TO DERMOT MURPHY
ZURICH, March 12 Bakery company Aryzta's management shuffle continued on Monday, with its top lawyer announcing he is stepping down after the Swiss-Irish firm's first-half net loss widened amid a "multi-year turnaround programme".
* H1 REVENUE DECREASE OF (6.3)% TO €1,787M; (2.2)% ORGANIC DECLINE, (EX CLOVERHILL +1.3%)