Aryzta has brought its debt burden under its target of three per cent of Ebitda and struck a refinancing agreement with its banks allowing it to exit costly hybrid finance arrangements, the Swiss-headquartered frozen bakery manufacturer announced as it released results for the first half of 2024 this Monday. With profitability increasing, any shareholders who have held on through the highs and lows since the group was formed in 2008 through the merger of Ireland’s IAWS and Switzerland’s Hiestand can now see some rewards on the horizon. The company last paid a dividend in 2017, before its share price plummeted…

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