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    LOTB   BE0003604155

LOTUS BAKERIES NV

(LOTB)
  Report
Real-time Euronext Bruxelles  -  11:35 2022-09-26 am EDT
5160.00 EUR   +0.58%
09/19Lotus Bakeries NV(ENXTBR:LOTB) added to S&P Global BMI Index
CI
09/08LOTUS BAKERIES NV : Share buyback
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09/08LOTUS BAKERIES NV : Threshold crossings
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Lotus Bakeries NV agreed to acquire 80% stake in Peter's Yard Limited.

06/27/2022 EDT

Lotus Bakeries NV (ENXTBR:LOTB) agreed to acquire 80% stake in Peter's Yard Limited on June 27, 2022. The consideration represents a c2x net sales. 20% stake is already held by Financial service investment arm of Lotus Bakeries NV.

Post acquisition Lotus Bakeries will hold 100% stake in Peter's Yard Limited. Peter's Yard will become part of the Lotus Natural Foods business under the leadership of Isabelle Maes as chief executive officer. Peter's Yard has £6 million in sales.

Wendy and Ian, currently joint managing directors of Peter's Yard, will hand over all operational responsibilities to Jean-Baptiste Robert. The transaction is expected to close on July 1, 2022. DLA Piper UK LLP acted as legal advisor to Lotus Bakeries NV.


© S&P Capital IQ 2022
All news about LOTUS BAKERIES NV
09/19Lotus Bakeries NV(ENXTBR:LOTB) added to S&P Global BMI Index
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09/08LOTUS BAKERIES NV : Share buyback
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07/01Lotus Bakeries NV completed the acquisition of 80% stake in Peter's Yard Limited.
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More news
Financials
Sales 2022 863 M 833 M 833 M
Net income 2022 107 M 103 M 103 M
Net Debt 2022 144 M 139 M 139 M
P/E ratio 2022 39,4x
Yield 2022 0,85%
Capitalization 4 184 M 4 036 M 4 036 M
EV / Sales 2022 5,01x
EV / Sales 2023 4,72x
Nbr of Employees 2 398
Free-Float 49,5%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 3
Last Close Price 5 160,00 €
Average target price 6 050,00 €
Spread / Average Target 17,2%
EPS Revisions
Managers and Directors
Jan Marcel Matthieu Boone CEO, Co-MD & Executive Director
Mike Cuvelier Chief Financial Officer
Jan Vander Stichele Chairman
Willam Oscar Richard Du Pré General Manager-Belgium
Sofie de Letter Director-Information, Communications & Technology
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