Lotus Bakeries NV (GB:0F4O) has released an update.
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Lotus Bakeries NV has experienced a significant sales increase of nearly 20%, amounting to EUR 100 million in the first half of 2024, driven by robust volume growth across its product segments. The company’s underlying operating cash flow and net result surged by over 20%, with a maintained low net financial debt at 0.7 times EBITDA(u). Capital investments for the years 2024 and 2025 have been ramped up to EUR 275 million to support this growth.
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