March 10, 2020 / 6:08 AM / 21 days ago

BRIEF-Aryzta H1 Underlying Net Profit At EUR 34.4 Mln

March 10 (Reuters) - ARYZTA AG:

* H1 GROUP ORGANIC REVENUE DECLINED (2.5)%; TOTAL REVENUE DECLINED (3.2)% TO €1,656M

* H1 UNDERLYING EBITDA1 OF €169.8M, +12%; LIKE-FOR-LIKE (6.3)% BEFORE IFRS 16

* H1 GROUP UNDERLYING EBITDA MARGIN OF 10.3%; LIKE-FOR-LIKE 8.6% BEFORE IFRS 16; DOWN 30 BPS BEFORE IFRS 16

* H1 IFRS LOSS FOR THE PERIOD OF €(899.2)M

* CONTINUES TO EXPECT TO DELIVER UNDERLYING EBITDA GROWTH FOR FY20, EXCLUDING EFFECTS OF IFRS 16 Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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