2021 results at a glance

After the dip in 2020 due to Covid, LLBG got back on track with a strong 2021 financial performance. We achieved a turnover of EUR 885 million, a solid growth of +19% compared to 2020 and +5% compared to 2019. We reached an EBITDA of EUR 112 million in 2021, up 29% compared to 2020 and flat vs 2019. LLBG reconnected with its growth strategy, focused on product leadership and backed by a substantial Capex investment program of EUR 104 million, mainly in capacity increase in Bakery Frozen.

2021-results-at-a-glance

Financial reports

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
A word from our CEO

Financial press releases

Read all about our prospectus and download the digital version.

Go to the prospectus

Read the LLBG articles of association.

Go to articles of association

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

Download the press release

Read all about our prospectus and download the digital version.

Go to prospectus

See a list with detailed information about our guarantors.

Go to guarantors overview

See the full list with our articles of association.

Go to articles of association

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.
 
Corporate governance

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