Lotus Bakeries

Lotus Bakeries shares fall 3.4% to €12.40 after Bernstein downgraded the stock from "Outperform" to "Market-Perform". Bernstein cited a less attractive valuation following a roughly 60% price gain year-to-date and a high P/E of about 47, which it says already prices in the positive sales momentum of the Biscoff brand. A weak market environment in the US and slight declines in the BEL 20 added to the downward pressure. » Mere på de.investing.com

Lotus Bakeries reported for H1 2026 a net profit increase from €79.4m to €98.1m, with group revenue up 14% to €749.1m. Adjusted EBIT rose 19.4% to €131.0m and the adjusted EBIT margin to 17.5%. Sales and volume of the core brand Biscoff each grew by more than 20%, with Europe as the largest driver. The strong numbers pushed the share price and are likely to lead to raised full-year forecasts. » Mere på de.investing.com

In the four weeks to March 21, Lotus Bakeries recorded the strongest sales growth in the US market among European food firms, with an increase of 48.4%. The growth was predominantly volume-driven (+48.1%); price and mix effects contributed 0.3%. Despite a slowdown of 19.0% compared with the previous period, value growth remained clearly positive. » Mere på de.investing.com