Lotus Bakeries NV

LOTB

Equity

ISIN BE0003604155 / Valor 440539

Euronext - Euronext Brussels (2024-11-21)

EUR 11,500.00-0.52%

Lotus Bakeries NV
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About company

Lotus Bakeries NV is a company that focuses on innovation in the dynamic market segment of snack foods. The company's brand BEAR® has introduced dual-flavored fruit snacks called BEAR® Fruit Splits, while its Local Heroes in Belgium have launched Lotus® Cake Donuts in three popular flavors to revitalize the traditional pastries category. Lotus Bakeries NV is known for its innovative approach to creating new and exciting products in the snack food industry.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

In the first half of 2024, Lotus Bakeries NV reported consolidated sales of EUR 599.3 million, marking a year-on-year increase of 19.6% or EUR 98.1 million. This growth was primarily driven by a robust volume increase of more than 16% across various geographical segments and strategic pillars, including Lotus® Biscoff®, Lotus™ Natural Foods, and Lotus® Local Heroes.

EBITDA and Net Profit

Lotus Bakeries NV's EBIT(u) for the first half of 2024 was EUR 97.5 million, representing 16.3% of revenue, while EBITDA(u) reached EUR 115.8 million, or 19.3% of revenue. Both EBIT(u) and EBITDA(u) saw increases of 24.3% and 20.9% respectively compared to the previous year, underscoring the effectiveness of the company's growth strategy. Net profit for the period increased by EUR 12.9 million to EUR 72.1 million, or 12.0% of revenue.

Net Financial Debt

As of June 2024, Lotus Bakeries NV maintained a low net financial debt ratio of 0.7 times EBITDA(u). The company's net financial debt stood at EUR 171.0 million, which includes EUR 20.9 million of debt accounted for under IFRS 16 Leases. This low debt ratio is attributed to strong cash flow generation and disciplined investments in maintenance capex and working capital control.

Capital Investments

Lotus Bakeries NV has increased its allocation of capital investments for 2024 and 2025 to EUR 275 million. This investment is aimed at expanding production capacity and supporting the company's growth strategy, particularly in its key segments of Lotus® Biscoff® and Lotus™ Natural Foods. The investments are expected to fuel and support further future growth.

Strategic Partnership

In June 2024, Lotus Bakeries NV announced a strategic partnership with Mondelēz International to expand the Biscoff® cookie brand in India and develop co-branded chocolate products. This partnership aims to leverage Mondelēz's extensive distribution network and local market presence to manufacture, market, distribute, and sell Biscoff cookies in India, while also creating new chocolate products combining Biscoff's unique taste with Mondelēz's iconic brands.

Summarized from source with an LLMView Source

Key figures

44.8%1Y

117%3Y

353%5Y

Performance

28.2%1Y

26.6%3Y

27.6%5Y

Volatility