Lotus Bakeries Full Year 2023 Earnings: Beats Expectations

Lotus Bakeries (EBR:LOTB) Full Year 2023 Results

Key Financial Results

Revenue: €1.06b (up 21% from FY 2022).
Net income: €129.3m (up 25% from FY 2022).
Profit margin: 12% (in line with FY 2022).
EPS: €159 (up from €127 in FY 2022).

revenue-and-expenses-breakdown — ENXTBR:LOTB Revenue and Expenses Breakdown April 3rd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lotus Bakeries Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 4.6%.

The primary driver behind last 12 months revenue was the Continental Europe segment contributing a total revenue of €648.9m (61% of total revenue). Notably, cost of sales worth €647.2m amounted to 61% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €205.3m (72% of total expenses). Explore how LOTB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Food industry in Belgium.

Performance of the Belgian Food industry.

The company's shares are up 4.1% from a week ago.

Risk Analysis

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