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Lotus Bakeries NV ( (GB:0F4O) ) has provided an announcement.
Lotus Bakeries announced a 16% revenue growth for 2024, largely due to record volumes. The company’s strategic pillars, Lotus Biscoff, Lotus Natural Foods, and Lotus Local Heroes, all performed strongly, with Biscoff exceeding 600 million euros in revenue and new production facilities being planned in Thailand to support growth in the Asia-Pacific region. The company also reported a decrease in net financial debt and proposed a significant dividend increase, indicating robust financial health and confidence in future growth. These results position Lotus Bakeries as a leader in its market segments and reaffirm its strategy to expand globally.
More about Lotus Bakeries NV
Lotus Bakeries NV operates in the food industry, specializing in baked goods such as cookies and snacks. Its primary products include the Lotus Biscoff cookies, Lotus Natural Foods with brands like BEAR, TREK, nākd, and Lotus Local Heroes, which include Cake Donut and Liège Waffles. The company focuses on growth in the Asia-Pacific region and the ‘better-for-you’ snacking segment.
YTD Price Performance: -5.76%
Average Trading Volume: 45
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €8.27B
See more insights into 0F4O stock on TipRanks’ Stock Analysis page.
