Aryzta shares dip from multiyear highs on Asian sales weakness

Joe Brennan - The Irish Times - 18:55
Sales dip in Australia, New Zealand and southeast Asia takes some gloss off Cuisine De France parent’s performance in Europe

Shares in Aryzta pulled back from a 6½year high on Tuesday as the Swiss-Irish baked goods group reported a dip in sales across Asia and Australia, prompting some analysts to tweak their forecasts.

The owner of the Cuisine de France brand in the Republic reported organic sales growth of 1.6 per cent in the first three months of the year.

It saw 2 per cent growth across its main European markets partly offset by a 1.6 per cent decline acros...
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