Aryzta has today announced a 2.5 per cent rise in full-year sales to €3.21 billion.
Underlying earnings per share at the Irish-listed bakery group were up 16 per cent at 234.7 cent.
The group's food arm posted revenue growth of 4.7 per cent to €1,712.7 million, an increase in operating profit of 15.4 per cent to €218.5 million, and a rise in underlying net profit of 18 per cent to €149.3 million.
The company reported an increase in return on investment to 12.6 per cent and proposed a dividend payout of 35.2 cent per share.
Commenting on the results, CEO Owen Killian said the recession was reflected in underlying revenues, "which swung from double-digit growth to a decline", within the 12 months.
"Aryzta has remained focused on cash generation and improving operating efficiency and this is reflected in our results.
"We are fortunate to be in the food business, particularly speciality bakery, where a combination of excellent products, trusted brands and an adaptive business model has provided some resilience in what remains a very challenging operating environment," he said.