Lotus Bakeries Soars with Strong Mid-Year Growth
Company Announcements

Lotus Bakeries Soars with Strong Mid-Year Growth

Lotus Bakeries NV (GB:0F4O) has released an update.

Lotus Bakeries NV has experienced a significant sales increase of nearly 20%, amounting to EUR 100 million in the first half of 2024, driven by robust volume growth across its product segments. The company’s underlying operating cash flow and net result surged by over 20%, with a maintained low net financial debt at 0.7 times EBITDA(u). Capital investments for the years 2024 and 2025 have been ramped up to EUR 275 million to support this growth.

For further insights into GB:0F4O stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks European Auto-Generated NewsdeskLotus Bakeries Updates Voting Rights and Financial Growth
TipRanks European Auto-Generated NewsdeskLotus Bakeries Shares Change: Holding Biloba’s Stake Declines
TipRanks European Auto-Generated NewsdeskLotus Bakeries Sells Shares, Expands Global Reach
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App