ARYZTA makes speed!

The share price performance of the baked goods manufacturer ARYZTA was actually robust until recently. Towards the end of September, however, the share lost significant value. The market sentiment was and still is lousy and many investors obviously do not trust the management to master the seemingly insurmountable obstacles. As announced, the baked goods manufacturer presented its 2021/22 financial results at the beginning of October (as of the end of July) and ARYZTA delivered what was promised! The company exceeded its own expectations and those of analysts at all levels. ARYZTA achieved sales of EUR 1.76 billion in the reporting year, which corresponds to an increase of +17.9% and clearly exceeds its own target of up to +16%. ARYZTA was able to increase its operating profit even more strongly by +25% to EUR 218.8 million. Below the line, an adjusted net profit of EUR 45.6 million remained. The management with Urs Jordi is confident to also meet the medium-term targets. The company aims to achieve organic growth of between 4.5% and 5.5%, a gross profit margin of at least 14.5% and a return on assets of up to 11% by 2025.

Obviously, management is getting better and better at successfully implementing the planned visions. High inflation and recessionary tendencies remain challenging, as they are for many other companies. But: ARYZTA is crisis-tested and should not be thrown off track because of another obstacle! The news that the "architect of success" Urs Jordi has agreed to the unanimous wish of the Board of Directors to continue his dual mandate as ARYZTA interim CEO and Chairman of the Board of Directors until the end of 2024 also gives cause for optimism. ARYZTA's business performance impressively shows that the company is a force to be reckoned with... and much faster than expected! When the market normalizes, the ARYZTA share should be unstoppable! The share remains worth buying. Target price: CHF 1.85!