Lotus Bakeries Nv Reports Earnings Results for the Full Year Ended December 31, 2020
February 08, 2021
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Lotus Bakeries NV announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was EUR 663.289 million compared to EUR 612.737 million a year ago. Operating income was EUR 106.521 million compared to EUR 100.600 million a year ago. Net income was EUR 82.593 million compared to EUR 74.912 million a year ago. Basic earnings per share from continuing operations was EUR 102.01 compared to EUR 92.77 a year ago. Diluted earnings per share from continuing operations was EUR 101.82 compared to EUR 92.5 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.