Irish-Swiss food group Aryzta has reported an increase in revenues for its fiscal third quarter as it saw a return to "normal consumer socialisation activity".
Aryzta said its total continuing revenue increased by 20.1% to €433.9m in the third quarter.
The company said its strong organic performance was driven by volume growth of 15.6% and price/mix improvement of 7%.
Meanwhile, total continuing revenue in the nine months to date increased to €1.269 billion.
The company, which owns the Cuisine de France brand, said the increase was driven by a strong organic performance of 16.3%, comprising volume growth of 12.7% and a price/mix contribution of 3.6%.
During the third quarter, Aryzta said its Europe division performed very strongly with a 25.6% organic revenue growth. While all markets achieved growth, the performance in France, Germany and Fornetti was particularly strong, it noted.
It said its Rest of World division saw solid organic revenue growth of 7.2%, evident across all markets with Malaysia and Japan both outperforming.
Aryzta said that inflationary pressures remain, with limited respite expected in the near term, resulting in more frequent pricing and the use of temporary surcharges.
Aryzta chair and interim CEO Urs Jordi said that while the third quarter organic growth performance was strongly volume driven, significant progress was also achieved in terms of positive pricing and mix contributions.
"This reflects the continuous engagement with our customers around the widespread inflationary trends through price and increased innovation activity to improve mix contribution," Urs Jordi said.
"We remain fully focused on delivering continuous business performance improvement to ensure we keep abreast of the volatile input environment and its challenges. The positive organic volume and price revenue development trend has sustained into Q4 and supports an increase in full-year organic revenue growth guidance to 14-16%," he added.
