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Aryzta AG

Business and Financial Review Sep 4, 2025

818_cgr_2025-09-04_979f3764-3265-4df5-8712-9a646cae72bc.pdf

Business and Financial Review

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2025
EURm
2026
EURm
Revenue mean 2,251.7 2,319.1
Revenue (Low-High) 2,242.1 - 2,272 2,290.8 - 2,343
Organic Growth mean 2.8% 3.1%
Organic Growth (Low-High) 2.2% - 3.5% 2.2% - 3.6%
EBITDA mean 331.0 345.3
EBITDA (Low-High) 328.6 - 334 340.5 - 352
Margin mean 14.7% 14.9%
Margin (Low-High) 14.7% - 14.7% 14.8% - 15%
Total Net debt mean 778.9 663.0
Total Net Debt (Low-High) 753 - 792.7 611.7 - 792.1

Consensus published on September 4, 2025 is based on estimates submitted

by the broker analysts from Baader Helvea, Berenberg, Kepler Cheuvreux, ODDO BHF, UBS, Vontobel and ZKB. Consensus for the calendar years 2025 and 2026 is based on seven estimates, while net debt is based on six estimates Consensus will be updated as new data is received.

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