In 2024, LLBG achieved a continued revenue growth of 7.7% compared to 2023, reaching 1.46 billion EUR, thanks to ambitious investments in new production capacity in Western and Central Eastern Europe. The REBITDA margin as a percentage of revenue slightly increased to 14.2%. In addition to our continued strong CAPEX investments of 192 million euro, LLBG realized a major milestone in June 2024 through a joint venture agreement with Bakery de France, thus making a strategic step to grow its presence on the US market.

Guido Vanherpe, Group CEO of La Lorraine Bakery Group: “In 2024, La Lorraine Bakery Group continued its path of a sustainably profitable growth mainly based on its organic growth performance and thanks to its sustainable product leadership strategy with a relentless focus on innovation and quality. To further accelerate future growth plans, we continue our ambitious capex plan with a yearly investment of around 200 M EUR over a 5 year period.”

“Along with our future-oriented investment program, we sharpened our product leadership strategy strengthening the strategic levers of top-quality and innovation, to drive value creation & differentiation, while further embedding sustainability as a lever for enlarging our positive impact on our stakeholders and planet. With scope 1 & 2 carbon emissions decreasing by 22% versus our baseline year, we continue to make good progress on our company-wide sustainability program, strongly focused on energy reduction projects and implementation of food waste initiatives. As part of our in 2024 approved SBTi targets, we defined our 2030 roadmap to reduce scope 3carbon emissions, which will be a challenging journey for a growth company like LLBG.”