2020 financials at a glance

La Lorraine Bakery Group posted revenue of €744 million and an EBITDA of €91 million in 2020. CEO Guido Vanherpe acknowledges that 2020 was a challenging year for the family-owned business due to the temporary sales decline in the affected foodservice channel, but is aiming for strong growth in 2021. This will be driven by the expected recovery of the horeca sector, and the strong acceleration in Russia and other new growth markets.

2020-financials-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.

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Read the LLBG articles of association.

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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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