Lotus Bakeries NV Announces Earnings Results for the First Half Year Ended June 30, 2018
August 17, 2018 at 12:19 pm EDT
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Lotus Bakeries NV announced earnings results for the half year ended June 30, 2018. For the first half, the company’s turnover was EUR 267,503,000 compared to EUR 258,871,000 for the same period a year ago. Recurrent operating results were EUR 47,853,000 compared to EUR 46,670,000 for the same period a year ago. Recurrent operating cash flow was EUR 54,897,000 compared to EUR 53,728,000 for the same period a year ago. Operating result (EBIT) was EUR 46,835,000 compared to EUR 45,606,000 for the same period a year ago. Profit before tax was EUR 45,369,000 compared to EUR 43,958,000 for the same period a year ago. Income attributable to equity holders was EUR 33,719,000 compared to EUR 31,420,000 for the same period a year ago. Recurrent operating results were EUR 59.49 per share compared to EUR 58.3 for the same period a year ago. Recurrent operating cash flow was EUR 68.24 per share compared to EUR 67.11 for the same period a year ago. Net results per group share were EUR 41.92 compared to EUR 39.25 for the same period a year ago.
Lotus Bakeries NV, founded in 1932, operates worldwide in the indulgent and natural snacking segment with brands including Lotus®, Biscoff®, nàkd®, TREK®, BEAR®, Kiddylicious®, Peter's Yard®, Dinosaurus®, Peijnenburg® and Annas®. Headquartered in Belgium, Lotus Bakeries NV is a dynamic and internationally oriented company with production facilities in Belgium, the Netherlands, France, Sweden, South Africa and the United States. A third production facility for Biscoff is currently under construction in Thailand and will be operational by 2026. It has 23 sales organizations in Europe, America, Asia and Australia. Lotus Bakeries NV also works with commercial partners in approximately fifty countries worldwide. Lotus Bakeries NV has around 3,000 employees and achieved a revenue of EUR 1,063 million in 2023. Lotus Bakeries NV is listed on Euronext Brussels and is part of the BEL20-Index. The majority of shares are owned by the Boone and Stevens family.
LOTUS BAKERIES NV 
