Lotus Bakeries Unsp/Adr (LOTBY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone. Welcome to the investor call following the announcement this morning of the 2025 annual results of Lotus Bakeries. I'm Jan Bolle and joining me today is our CFO Mike Puglir and we are both here in Landbeker. We will start with the presentation providing an overview of the performance and also the milestones of 2025 and later on deep dive into the financials. Of course, following the presentation, we are open for questions from your sites. And in total, we have foreseen 15 minutes for this call in total. First slide. I'm proud to report another year of strong and double-digit top-line growth. The reported sales in 25 amounted to 1.35 billion euro, and that represents an increase of 10%. This evolution is driven by continued strong volume growth in the second semester for both Lotus Blizzcoff and Lotus Natural Foods. At constant currencies, growth was even stronger. given the negative currency evolutions of the dollar and the pounds in the second half of the year. Profitability improved further, with underlying EBITDA on sales exceeding 20%, and this is an increase of 12% compared to prior year. Also, the net profit increased, and the net profit increased with 13%. A strong reduction of net financial debt led to a historic low multiple of 0.25 times underlying EBITDA. Besides a strong operational cash flow delivery, we also realized a successful exit in FF2032, with the sale of our participation in the Good Chris company. A dividend of €90 per shares proposed, and that's an increase of €14. euro per share compared to the 76 of last year and similar similar amount to prior year we invested 120 million in capital expenditures and that's mainly in the plant in thailand The successful startup of the first lines in Chamboury is, for us as a company, a...