Lotus Bakeries Nv Reports Earnings Results for the Half Year Ended June 30, 2020
August 14, 2020 at 10:04 am EDT
Share
Lotus Bakeries NV announced earnings results for the half year ended June 30, 2020. For the half year, the company announced sales was EUR 323.271 million compared to EUR 298.134 million a year ago. Operating income was EUR 55.030 million compared to EUR 51.235 million a year ago. Net income was EUR 38.175 million compared to EUR 35.894 million a year ago. Basic earnings per share was EUR 47.19 compared to EUR 44.46 a year ago. Diluted earnings per share was EUR 47.12 compared to EUR 44.34 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.