La Lorraine Bakery Group acquired 50% of Bakery de France’s business, a US-based company. The joint venture will supply the North American market.
La Lorraine Bakery Group (LLBG) achieved a revenue of EUR 1.17 billion EUR, which is a growth of 32% compared to 2021, including price increase effect. LLBG announced it updated its five-year growth plan, with a projected annual revenue growth of around 10%.
La Lorraine Bakery Group recorded a turnover of EUR 885 million and an EBITDA of EUR 112 million in 2021, with a net profit after tax of EUR 25 million, according to the company’s financial statement.