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).
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
Before we wrap up, we've discovered 1 warning sign for Lotus Bakeries that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About ENXTBR:LOTB
Lotus Bakeries
Provides various snack products in Belgium and internationally.
Outstanding track record with flawless balance sheet.
