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Investing.com -- Switzerland-based bakery group, Aryzta AG on Monday said it has maintained its target of at least €300 million in EBITDA for 2025 after reporting third-quarter revenue of €554.3 million and organic growth of 0.8%, the company said Monday.
Revenue in Europe totaled €492.8 million, while the Rest of World segment recorded €61.5 million.
Organic growth reached 0.7% in Europe and 1.4% in the Rest of World. Currency movements reduced overall group revenue by 0.4%, leading to a total increase of 0.4% for the quarter.
For the nine months ended September 2025, ARYZTA reported total group revenue of €1.64 billion, up 2.1% year over year.
Organic growth reached 2.1%, supported by 1.1% from volume and mix and 1% from pricing.
The bakery group said results were consistent with its full-year guidance of low- to mid-single-digit organic growth.
Growth in the third quarter was primarily driven by a 1% price increase, while volume remained flat and product mix was slightly negative.
In Europe, organic growth reached 2.2% for the nine-month period, while the Rest of World segment rose 1.8%.
The company said it is accelerating and strengthening cost-optimisation programs to address higher labor and input costs and to improve profitability.
“We are focused on improving business performance and profitability through organic growth, innovation, process automation, and disciplined cost management to ensure a swift rebound,” chairman and interim CEO Urs Jordi said in a statement.
“We are accelerating and intensifying our cost optimisation programmes to mitigate ongoing cost inflation, especially in labour.”
ARYZTA reaffirmed expectations for free cash flow of about €100 million for the full year and reiterated its midterm financial targets.