reports
Lotus Bakeries: 1 director
A director at Lotus Bakeries sold after exercising options/sold 95 shares at 8,390.000EUR and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ove...
- ING Helpdesk
- Guy Sips
- Hilde Van Boxstael
- Michiel Declercq
- Thibault Leneeuw
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
- Guy Sips
Lotus Bakeries Bake Baby Bake
We updated our model after Lotus Bakeries achieved in FY24 significant double-digit growth of almost 15.9% to € 1,232m. The organic growth in FY24 was driven almost exclusively by record volume growth. We maintain our DCF backed € 10 750 Target Price but -after the recent share price weakness- we increase our rating to Accumulate as the growth strategies of Lotus Biscoff and Lotus Natural Foods will further drive the ambition to become a global top 3 cookie and a leader in the better-for-you ...
- David Vagman
- CFA
- Maxime Stranart
Lotus Bakeries/Attractive entry point on unwarranted de-rating/BUY (pr...
We upgrade Lotus Bakeries from Hold to BUY, as we remain convinced by this Belgian gem's unique self-funded organic growth story in the Snacking segment, as demonstrated by its double-digit top and bottom line CAGR over 2024-30F. Management has a strong track record in executing its strategy, allowing Lotus Bakeries organic sales growth to be 4x higher than the industry average over 2016-24. 2024 was an exceptional year for the group, with its organic sales growth being 12x superior to the one o...
- ING Helpdesk
Benelux Morning Notes
ArcelorMittal: 4Q24 EBITDA beats by 8%, strong year-end CF, dividend +10%. Ayvens: Still in neutral. BAM: Preview - non-res UK and possible share buyback. IBA: Signs first P1 system order in the South Asian region with AIG in Hyderabad, India. Kinepolis: Reasonable start to 2025 for US/Canada and France box office, attendance. Lotus Bakeries: Another strong year for Biscoff. Ontex: Post Christmas Turkey
- Guy Sips
- Hilde Van Boxstael
- Kristof Samoy
- Michiel Declercq
- Thomas Couvreur
- Wim Lewi
- Guy Sips
Lotus Bakeries FIRST LOOK – FY24 Results : Bake Baby Bake
In 2024, Lotus Bakeries achieved significant double-digit growth of almost 15.9% (KBCSe 17.2%) to € 1,232m (KBCSe 1,245.8 million). Lotus Bakeries indicated that the organic growth in FY24 is driven almost exclusively by record volume growth. Price increases have, combined with FX impact, a limited contribution of less than 2% The significant volume increase in 2024 demonstrates continued momentum and robust demand across the entire product range and across the different geographies. All thre...
- ING Helpdesk
- ING Helpdesk
Benelux Morning Notes
ABN AMRO: ARES Infrastructure deal helps CET1 ratio ahead of possible add-ons in 1Q25. Ackermans & van Haaren: +50% in five years the growth target for Bank Van Breda. Lotus Bakeries: FY24 preview - another year of strong execution. Staffing: Belgium December Temp volume trend stable at -3.4% YoY on tougher comps. Staffing: Manpower: 1Q25 outlook missed
- MarketLine Department
Brioche Pasquier SA - Company Profile and SWOT Analysis
Summary Brioche Pasquier SA - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Brioche Pasquier SA (Brioche Pasquier) is a manufacturer and distributor of fresh and frozen bakery products. The company's product portfolio includes breads, frozen tarts, milk breads, buns, pastri...
- ING Helpdesk
Benelux Morning Notes
Aedifica: Good top line, portfolio stabilising, guidance marginally revised upward. Ageas: China Taiping Life 3Q Solvency remains strong. ASM: 3Q24 results – That's a relief - FY25 guide narrowed upwards. Belgian Telecoms: Peer Telenet 3Q24 results, still losing shares. Fugro: Focus on EBITDA and orderbook. GBL: Kicking off its trainers and cashing in €0.6bn. Colruyt: To operate 100 OKay City stores by 2032F. Heijmans: Preview - Progressing well. KPN: VodafoneZiggo 3Q24 show still weak pe...
GBLB GROUPE BRUXELLES LAMBERT SA
MDLZ MONDELEZ INTERNATIONAL INC. CLASS A
AGS AGEAS SA/NV
WKL WOLTERS KLUWER NV
COLR ETABLISSEMENTEN FRANZ COLRUYT N.V.
LOTB LOTUS BAKERIES NV
HEIJM HEIJMANS N.V. CERT
AED ROYAL VOPAK NV
MELE AEDIFICA SA
ASML MELEXIS NV
OBEL ASML HOLDING NV
FUR ORANGE BELGIUM SA
FUGRO NV
- MarketLine Department
ARYZTA AG - Company Profile and SWOT Analysis
Summary ARYZTA AG - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Aryzta AG (Aryzta) is a manufacturer, distributor, and marketer of specialty bakery products. The company's products portfolio includes baked sweet and savory goods such as bread rolls, artisan loaves, donuts...
- David Vagman
- CFA
- Maxime Stranart
Lotus Bakeries/Harder, better, faster, stronger… but expensive/HOLD
We reiterate our HOLD on Lotus Bakeries but increase our target price from €9,999 to €12,000 on the back of a significant volume growth beat in 1H24, while our WACC is lowered modestly to reflect lower 10-year yields in the United States. We continue to view Lotus Bakeries as a unique growth story in the FMCG segment, with more than a decade of self-funded organic growth ahead. However, we believe that the valuation of the company already reflects these growth prospects, with our model forecasti...
- ING Helpdesk
Benelux Morning Notes
ING Benelux Conference London: Aalberts, Arcadis, Azelis, Barco, Basic-Fit, Brunel International, DEME Group, Euronext, Fagron, Heijmans, Kinepolis, Lotus Bakeries, Melexis, Ontex, Randstad, Recticel, SBM Offshore, TKH Group, Van Lanschot Kempen Other company stories - OCI: Divestment of Methanol to Methanex for US$2.05bn, Staffing: US August temp volumes marginally better trend; NFP jobs miss
BFIT BASIC-FIT NV
SBMO SBM OFFSHORE NV
FAGR FAGRON SA
RAND RANDSTAD NV
LOTB LOTUS BAKERIES NV
REC RECTICEL SA
HEIJM HEIJMANS N.V. CERT
VLK
ARCAD VAN LANSCHOT KEMPEN NV CERT. OF SHS
AALB ARCADIS NV
OCI AALBERTS N.V.
BRNL OCI NV
ONTEX BRUNEL INTERNATIONAL N.V.
MELE ONTEX GROUP N.V.
TWEKA MELEXIS NV
KIN TKH GROUP N.V. CERT
BAR KINEPOLIS GROUP NV
AZE BARCO NV
DEME AZELIS GROUP NV
DEME GROUP NV
- Guy Sips
Lotus Bakeries Robust and broad-based volume growth across the three s...
We updated our model after Lotus Bakeries reported 1H24 sales of €599.3m, up 19.6% y/y, mainly driven by robust and broad-based volume growth of more than 16% across the three strategic pillars. In addition, there was a 3% y/y price effect, combined with FX impact. We saw a) continued momentum and outstanding volume growth in Lotus Biscoff; b) Lotus Natural Foods also continues to outperform the market with double digit growth; and c) Lotus Local Heroes delivered mid-single digit growth above hi...
- ING Helpdesk
Benelux Morning Notes
B&S: Preview - chasing growth, battling cost inflation. CTP: 1H24 results call highlights. D'Ieteren: Belron US peer Boyd reports slightly better 2Q24 but outlook still weak. Fastned: Preview 1H24. Lotus Bakeries: Strong volume growth beat. Xior Student Housing: 1H24 results call highlights. Coverage change
- Guy Sips
- Hilde Van Boxstael
- Thomas Couvreur
- Wim Hoste
- Wim Lewi
- ING Helpdesk
- ING Helpdesk
Benelux Morning Notes
Aedifica: Small guidance increase Just Eat Takeaway: Better EBITDA in 1H24 and more cash returns Lotus Bakeries: Mondelez 2Q24 results Melexis: 2Q24 results, holding up well Ontex: Onwards and upwards Solvay: 2Q24 EBITDA beats by 4%, profit and FCF guidance upped Wolters Kluwer: 1H24 results, no surprises Events Calendar
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