Europe’s largest market saw organic revenue fall 3.4% to €942.7m, dragged by Germany’s volume and pricing declines.
Aryzta is reviewing its German operations after a weak first half, with Europe revenue declining 3.4% organically to €942.7m. Germany, the group’s largest market, saw volume/mix drop 2.5% and pricing fall 0.9%, reflecting high price sensitivity and fragile consumer spending.
The company attributed the underperformance to excess bakery capacity disrupting supply-demand balance, offsetting growth in other key markets. Germany generated €289m in revenue for the period, though profit details were not disclosed.
Aryzta operates three major German sites producing rolls, baguettes, and pastries for retail and foodservice channels. The review will assess all strategic options for the region.