Lotus Bakeries: Announces 2021 Annual Results

Lembeke / BE. (lbbv) In 2021, Belgium’s Lotus Bakeries Group consolidated turnover increased by EUR 87 million to EUR 750.3 million, representing 13.1 percent growth. The 13 percent growth in the first half of the year therefore continued unabated in the second half. Positive exchange rate effects amount to 0.6 percent. The three strategic pillars, «Lotus Biscoff», «Lotus Natural Foods» and «Lotus Local Heroes», all made a positive contribution to this strong growth. Such consistently high growth confirms once more that the focused strategy is working and reinforces Lotus Bakeries’ conviction in the international growth ambitions set for both «Lotus Biscoff» and «Lotus Natural Foods».

20220208-LOTUS-FY-2021-TABLE

Over the last 12 months, Lotus Bakeries generated a new record operating cash flow of EUR 151 million. Investments during the last 12 months exceeded EUR 65 million. The net financial debt fell to EUR 82 million at the end of 2021, a decrease of EUR 48 million compared to the end of June 2021. As a result, the net financial debt / Rebitda ratio fell to 0.6 compared to 0.9 at the end of June 2021. Including the EUR 13 million additional debt which must be expressed in accordance with the IFRS 16 Leases standard, the reported debt totals EUR 95 million, Lotus Bakeries Group reported in its detailed news release.

For additional information please read the company’s PDF file below (443 KB):

20220208-LOTUS-FY-2021
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