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Mar 24 2020, 08:45 GMT
ARYZTA
Market update on COVID-19
DAVY VIEW
ARYZTA’s update confirms that performance in the QSR and Foodservice channels (comprising 56% of total sales) will be severely impacted by COVID-19. The group has €360m of liquidity available and has proactively outlined a number of cash and cost measures. As expected, given the uncertainty of the situation, the group is unable to assess the related impact on performance.
