Milling & Baking News - June 14, 2011 - (Page 29)

Acquisitions help drive revenue gains at Aryzta in quarter ZURICH, SWITZERLAND — Revenue for Aryzta AG rose 24% to €1,022.1 million ($1,493 million) in the third quarter ended April 30, driven by sharp gains in the company’s Food Rest of World and Food North America divisions as a result of acquisitions. For the nine months ended April 30, revenue was €2,916.4 million ($4,261.4 million), up 32% from a year ago. “We have doubled bakery output as a result of the acquisitions announced just one year ago (Fresh Start Bakeries and Great Kitchens) resulting in a 55% increase in food revenue in the nine months while maintaining continued investment grade status,” said Owen Killian, chief executive officer. “We are encouraged by the underlying revenue trends that show modest growth, reflecting a fragile recovery in consumer activity in most markets. Food raw material inflation has continued and shows no signs of abating. “The group has an ongoing program of dynamic pricing and we are working closely with our customers to mitigate the impact of pricing on the consumer through product innovation, product selection and service model efficiencies.” Revenue in Food North America rose by 129% in the third quarter to €310.6 million ($453.9 million). Acquisitions contributed 123 percentage points of the growth, Aryzta said. “The positive trend in underlying revenue growth has been most evident in the retail and quick-service restaurant segments of the Food North America market,” the company said. “There is evidence that the wider food service market in North America is showing signs of recovery.” For the nine months ended April 30, revenues in Food North America were up 136% to €921.2 million ($1,346.3 million). Food Europe revenue was up 14% in the third quarter, to €296.1 million ($432.7 million), while Food Rest of World revenue soared 480% to €45.1 million ($65.9 million). MBN “Demand for cereals has also been increasing so that the 2011 crops, even at record levels, are expected to barely meet consumption, providing support to prices,” the F.A.O. said. MBN F.A.O. sees no respite from grain price strength and volatility ROME — Agricultural commodity prices are likely to remain high and volatile for the balance of 2011 and into 2012, according to analysis published June 7 by the Food and Agriculture Organization of the United Nations. Declining grain stocks and modest increases in prospective production were cited by the F.A.O. as underpinning its forecasts. “The next few months will be critical in determining how the major crops will fare this year,” the group said. “Although prospects are encouraging in some countries such as the Russian Federation and Ukraine, weather conditions featuring too little and in some cases too much rain could hamper maize and wheat yields in Europe and North America.” The F.A.O. analysis was published in the groups’ biannual Food Outlook publication. “The general situation for agricultural crops and food commodities is tight with world prices at stubbornly high levels, posing a threat to many lowincome food deficit countries,” said David Hallam, director of the F.A.O.’s markets and trade division. The F.A.O. noted that food prices globally slipped about 1% in May from levels that were comparable to those in the 2007-08 food crisis. The organization’s food index was 232 points in May, down from a revised 235 in April but up 37% from May 2010. Prices for cereals and sugar slipped in May, contributing to the slight weakness. Meat and dairy prices moved higher during the month. / Global wheat output was projected by the F.A.O. to be up 3.2% in 2011 from 2010, largely because of improved prospects for the Russian Federation. To improve the vitamin D intake – Lallemand bakers yeast is the natural solution! The Recommended Dietary Allowance for vitamin D for Americans has just tripled from 200 to 600 UI for children and adults up to age 70. Bakers can use Lallemand yeast, naturally rich in vitamin D, to increase the vitamin D content of bread and other baked goods to a maximum level of 90 UI by 100g. Please contact us to learn more on how to add sunshine in every slice of bread with Lallemand yeast! Milling & Baking News June 14, 2011 / 29  International

Table of Contents for the Digital Edition of Milling & Baking News - June 14, 2011

‘Grain chain’ gives unanimous support for MyPlate
Canadian government targets C.W.B. monopoly on wheat marketing
MacLennan named president of Cargill
Celebrations may be premature for bakery fl our buyers
Editorial - Last hope for Doha Round not becoming non-Round
Wayne Turnbull reopens New Orleans bakery
General Mills adds Fiber One 90-Calorie Brownies
Packaged snacks sales reach $64 billion
Nestle joins project of food, genes
G.F.F.: One-ounce servings key to balanced meals
Oldways director offers mixed review of MyPlate
Stimulus boost for SNAP helps avert diminished food security
Smucker full-year profi t falls 3% on restructuring, acquisition costs
Debate likely to rage on, but HFCS demand seen stabilizing in U.S.
Kellogg sets 2010 to the side, looks forward to better 2011
Analyst: Nestle ‘unlikely’ to acquire General Mills
Grain Processing investing $100 million in emission reduction projects
Winter wheat crop forecast for 2011 up 2% from May
Wheat carryover forecast for 2012 lowered to 687 million bus
High fuel prices push shipping costs up; weather slows Upper Midwest rail traffi c
Canadian government targets C.W.B. monopoly on wheat marketing
Irish Pride launches bread with omega-3 fatty acids
Acquisitions help drive revenue gains at Aryzta in quarter
F.A.O. sees no respite from grain price strength and volatility
Gonnella offering scholarship to attend AIB
Paul Ridder named president of Tasty; Charles Pizzi to remain as adviser to Flowers
Chris Delaney named c.e.o. of Goodman Fielder
Bob Klima joins Caravan as business development manager
Fruit powder provides vitamins, fiber
Non-dairy ingredient achieves pareve certification
Products focus on noodle production
Trademark signifi es sustainable palm oil
Enzyme concentrate enhances baking properties of flour
U.S.D.A. raises forecast for 2011-12 world wheat ending stocks
Ingredient Market Trends
Ingredient Week
Marketplace Business Network
Ad Index

Milling & Baking News - June 14, 2011