In the year 2024, Lotus Bakeries generated $LOTB (-2,66 %) achieved a turnover of 1.23 billion euros, which corresponds to an increase of 15.9% compared to the previous year. Net profit rose by over 18% to around 152.58 million euros.
Particularly noteworthy is the performance of the Lotus Biscoff brand, which achieved sales of over 600 million euros for the first time.
To meet increasing demand, Lotus Bakeries is currently building a third production facility in Thailand, which is scheduled to be operational by 2026.
Lotus Bakeries' shares traditionally trade at a high valuation, but this also reflects the company's strong growth and market position. However, following the recent share price declines, the valuation is approaching a fairer level, which could make the share more interesting again for long-term investors. If the pace of growth continues, this could be an attractive entry opportunity.
Although I am not yet invested myself, I am keeping a close eye on future developments and can imagine making an initial investment in the near future.
