La Lorraine Bakery Group delivered a solid performance in 2023, realizing a revenue of 1.36 billion EUR. This 16% growth is driven by investments in new production capacity in Europe and innovations in its core product categories. The REBITDA margin as a percentage of revenue was 13.9%, a strong recovery after a more difficult year of strong inflation in 2022. Sustainability remains a key pillar of LLBG's strategy, with a first significant reduction of its carbon footprint.
By 2028, LLBG aims to grow sales in Europe, Turkey and the Middle East by more than 50%, through strong innovation while reducing its ecological impact. "To achieve this ambition, the employees of La Lorraine Bakery Group are crucial. In 2024 alone we plan to recruit 400 additional employees, 100 of them in Belgium, and roll up our sleeves together to make a difference" states Guido Vanherpe, Group CEO La Lorraine Bakery Group.
