Total Food Group sales rose 11% during the quarter to €722.6 million ($899.8 million), while Total Group sales climbed nearly 15% to €1,174.2 million ($1,461.9 million).
“The results reflect the benefit from previous acquisitions and improvement in channel mix,” said Owen Killian, chief executive officer. “Weak consumer demand in Europe depressed underlying revenue in the period. Progress on Aryzta’s Transformation Initiative (A.T.I.) continues to support performance, and this remains an essential focus.”
