Lotus Bakeries NV (XBRU:LOTB)
€ 10880 20 (0.18%) Market Cap: 8.84 Bil Enterprise Value: 9.03 Bil PE Ratio: 62.20 PB Ratio: 12.72 GF Score: 99/100

Full Year 2022 Lotus Bakeries NV Earnings Call Transcript

Feb 07, 2023 / NTS GMT
Release Date Price: €5980 (-0.50%)
Jan Marcel Matthieu Maria Boone
Lotus Bakeries NV - CEO, MD & Executive Director

Good morning, everyone. Welcome to presentation of our annual results as a result of Lotus Bakeries Group, Emanuel Boone (sic) [Jan Marcel Matthieu Boone] , CEO of the group. And next to me is Mike Cuvelier, the CFO of the group. He is still in very good shape, although [it were] Tough weeks closing the annual results. We are always one of the first to release our results. So I'm very grateful to Mike and his team to again have a smooth closing of the annual results.

Most of you have probably a press release that has been launched this morning. And so we're very proud on the results. I'm very proud to present them. The revenue growth in 2022 was unseen. We realized a growth of EUR 127 million. Hence we were able to combine this with a very strong profitability. The EBITDA -- recurring EBITDA for the full year, and it's 19.4%. And this brings us to a total revenue of EUR 877 million.

So we are proud on the internal growth that we could realize in combination with a strong profitability. That also brings us

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