Lotus Bakeries with a huge growth
In the first half of 2016, the consolidated turnover of Lotus Bakeries Group grew by 31.1%, of which 14% internal growth, to EUR 256.4 million. This growth is almost entirely due to the continuing international growth of original caramelised biscuits (‘Lotus Biscoff’), Lotus Biscoff spread and the contribution of Natural Foods.
Natural Foods is defined as the category of healthy snacking, in which Lotus Bakeries is active with the N?kd, Trek, BEAR and Urban Fruit brands. The US is now Lotus Bakeries’ largest market for Lotus Biscoff, with an expected annual volume of almost one billion biscuits. Lotus Biscoff spread has also grown very strongly in the home markets of Belgium, the Netherlands and France, and has experienced exponential growth in the Middle East. The recurrent operating result and recurrent operating cash flow increased by more than EUR 14 million compared with last year, to EUR 43.8 million (+49%) and EUR 52.6 million (+39%) respectively. Subscribe to newsletter
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