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Lotus Bakeries NV (LOTB.BR)

LOTB.BR on Brussels Stock Exchange

2,333.25EUR
24 Mar 2017
Change (% chg)

€-15.70 (-0.67%)
Prev Close
€2,348.95
Open
€2,352.00
Day's High
€2,360.00
Day's Low
€2,320.00
Volume
162
Avg. Vol
230
52-wk High
€2,617.95
52-wk Low
€1,550.00

Latest Key Developments (Source: Significant Developments)

Lotus Bakeries appoints Mike Cuvelier CFO
Monday, 13 Mar 2017 12:43pm EDT 

Lotus Bakeries Nv : Mike Cuvelier to become CFO .He will replace Isabelle Maes, who will take up the role of CEO Natural Foods.  Full Article

Lotus Bakeries recalls batch of Biscoff Crunchy Biscuit Spread
Thursday, 2 Mar 2017 11:36am EST 

Lotus Bakeries NV :Recalls batch of Biscoff Crunchy Biscuit Spread.  Full Article

Lotus Bakeries FY revenue down at 507.2 million euros
Friday, 10 Feb 2017 02:36am EST 

Lotus Bakeries NV : FY revenue 507.2 million euros ($540.52 million) versus 411.6 million euros year ago . FY net result 62.5 million euros versus 45.6 million euros year ago . FY REBITDA 101.6 million euros versus 82.6 million euros year ago . Proposes FY dividend of 16.2 euros per share . Says weaker pund sterling following Brexit referendum to have significant impact on consolidated turnover . Says the aim is to consolidate turnover in 2017 .Says weaker pound sterling following Brexit is expected to be the greatest in H1 2017.  Full Article

Lotus Bakeries Proposes gross dividend of 14.2 euro per share in 2015, to increase production in Belgium and US
Friday, 12 Feb 2016 02:00am EST 

Lotus Bakeries NV:Proposes gross dividend of 14.2 euro per share in 2015.Said it has decided to invest in a third production hall in Lembeke (Belgium) which will have sufficient capacity for a maximum of four production lines.First Lotus Biscoff line in this facility will go into operation in H1 2017.Has decided to invest in a totally new Lotus Biscoff factory in the USA; scheduled to go into operating in 2019.  Full Article

Lotus Bakeries has acquired Urban Fresh Foods‍​
Thursday, 17 Dec 2015 12:28pm EST 

Lotus Bakeries NV:Announces that it has acquired 100 pct of the shares of urban fresh foods‍​.The price paid represents a multiple of c14x expected earnings before taxes.  Full Article

Matthieu Boone to retire as Lotus Bakeries chairman
Tuesday, 27 Oct 2015 08:00pm EDT 

Lotus Bakeries NV:Matthieu Boone will retire from his position as director and chairman of the board of directors of Lotus Bakeries.Proposal to appoint Sofie Boone as a new non-executive director.Jan Vander Stichele becomes non-executive chairman of the board of directors.  Full Article

Lotus Bakeries intends to move production volumes of Meise production facility to Courcelles
Monday, 31 Aug 2015 08:00pm EDT 

Lotus Bakeries NV:Intends to integrate production volumes of Meise production facility in Courcelles waffle facility.Transfer has allowed company to develop a short term solution and guaranteed supply.Next to this the company has developed several alternatives to ensure the complete waffle production in-house.Will have to proceed with the collective dismissal of 66 workers and 5 employees.Production facility at Meise was totally destroyed by fire on June 3 and will not be rebuild.  Full Article

Lotus Bakeries acquires 67 pct of Natural Balance Foods
Friday, 14 Aug 2015 09:41am EDT 

Lotus Bakeries NV:Lotus Bakeries and founders of Natural Balance Foods announce strategic partnership in wholefood snacking.Natural Balance Foods is a British wholefood company.Lotus has acquired just over 67 pct of the shares of Natural Balance Foods from the external, nonactive investors, whereas the founders have kept most of their shares.Price paid represents a multiple of c1.8x the expected current year net sales.  Full Article

Lotus Bakeries production facility in Meise destroyed by fire
Wednesday, 3 Jun 2015 02:26pm EDT 

Lotus Bakeries NV:Announced that a fire completely destroyed a production facility in Meisse.Factory in Meise produces waffles, mainly for the French and English markets.Company said it will "take all necessary measures in order to maintain deliveries to the customers".  Full Article

More From Around the Web

BRIEF-Lotus Bakeries appoints Mike Cuvelier CFO

* He will replace Isabelle Maes, who will take up the role of CEO Natural Foods Source text for Eikon: http://bit.ly/2lTOaLJ Further company coverage: (Gdynia Newsroom:)