Aryzta shares slide by 5.9pc
The Swiss owner of Dublin-based Cuisine de France saw shares fall after first-half results led investors to sell the stock.
Revenues jumped 13.6pc to €2.39bn in the six months to the end of January.
Aryzta warned full-year profits will be at the lower end of its previous guidance.
Shares fell as much as 5.9pc on the Zurich stock exchange as Davy said it was a "disappointing result".
Aryzta was formed from the merger of Dublin-based IAWS and a Swiss rival.