2023 results at a glance
La Lorraine Bakery Group delivered a solid performance in 2023, realizing a revenue of 1.36 billion EUR. This 16% growth is driven by investments in new production capacity in Europe and innovations in its core product categories. The REBITDA margin as a percentage of revenue was 13.9%, a strong recovery after a more difficult year of strong inflation in 2022. Sustainability remains a key pillar of LLBG's strategy, with a first significant reduction of its carbon footprint.
By 2028, LLBG aims to grow sales in Europe, Turkey and the Middle East by more than 50%, through strong innovation while reducing its ecological impact. "To achieve this ambition, the employees of La Lorraine Bakery Group are crucial. In 2024 alone we plan to recruit 400 additional employees, 100 of them in Belgium, and roll up our sleeves together to make a difference" states Guido Vanherpe, Group CEO La Lorraine Bakery Group.
By 2028, LLBG aims to grow sales in Europe, Turkey and the Middle East by more than 50%, through strong innovation while reducing its ecological impact. "To achieve this ambition, the employees of La Lorraine Bakery Group are crucial. In 2024 alone we plan to recruit 400 additional employees, 100 of them in Belgium, and roll up our sleeves together to make a difference" states Guido Vanherpe, Group CEO La Lorraine Bakery Group.
Key figures
A word from our CEO
“In the past decade, La Lorraine Bakery Group realized healthy figures with around 10% growth every year. We want to keep growing in a sustainable and entrepreneurial way, across the next generations, with a passion for quality and innovation, doing well for all our stakeholders. Thus becoming a bigger, but above all, a better company.”
Guido Vanherpe
CEO La Lorraine Bakery Group
Guido Vanherpe
CEO La Lorraine Bakery Group
Subordinated retail bond 2020-2027
Read all about our prospectus and download the digital version.
Read the LLBG articles of association.
Download the press advertisement.
La Lorraine Bakery Group (LLBG) was able to raise 100 million euro in one day for its new subordinated bond and decided, in consultation with the joint lead managers BNP Paribas Fortis NV/SA and KBC Bank NV, to close the subscription period early on December 4, 2020 at 5.30 pm
Retail bond 2013-2020
Read all about our prospectus and download the digital version.
See a list with detailed information about our guarantors.
See the full list with our articles of association.
Silver EcoVadis medal
LLBG has been awarded with a silver EcoVadis medal! This improved sustainability rating is a recognition for our sustainability efforts of the past year, underscoring our dedication to contribute to a healthier planet through ethical business operations.
Corporate governance
LLBG considers corporate governance as an absolute necessity for a strong, growing family business. Therefore, LLBG has further professionalized and expanded its governance in the past ten years. During the transition to the third generation, the LLBG holding company has been created in which all the companies of the group were brought together.