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Aryzta profit misses consensus by 65.9% in fiscal H1

ARYZTA AG said its normalized net income for the fiscal first half ended Jan. 31 was 53 euro cents per share, compared with the S&P Capital IQ consensus estimate of €1.56 per share.

EPS rose 38.2% year over year from 39 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €48.1 million, an increase of 37.4% from €35.0 million in the year-earlier period.

Total revenue increased 5.5% year over year to €1.96 billion from €1.86 billion, and total operating expenses climbed from the prior-year period to €1.84 billion from €1.76 billion.

Reported net income rose 30.0% year over year to €54.4 million, or 60 cents per share, from €41.8 million, or 46 cents per share.