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Aryzta AG (ARZTY) navigates a challenging first half with a sharp focus on Project Excellence savings and a strengthened balance sheet, while tackling a steep sales decline in Germany.
Interim CEO and chairman Urs Jordi told analysts that a full exit from Germany is unlikely although its manufacturing set up and “market coverage” are under review.
Aryzta AG (ARZTY) reports steady revenue growth and robust cash flow, while addressing profitability pressures and strategic restructuring.
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