Lorraine achieves a "solid financial performance" in 2025

The Belgian milling and baking group announced on Monday a 7.5% increase in annual revenue to €1.57 billion. This performance "strengthens the foundations for future growth," according to the newspaper La Lorraine.

© La Lorraine Bakery Group

“ 2025 was a year of transition,” explains Guido Vanherpe, CEO of La Lorraine Bakery Group (LLBG). He cites geopolitical tensions that added “further uncertainty to the markets” after years in which consumer confidence and purchasing power had already been strained by inflation and instability. But the family business he leads responded accordingly, he says, “by further refining its strategy and strengthening cost control.”

The results show a 7.5% increase in revenue to €1.57 billion for fiscal year 2025, driven by the Bakery division. The Ninove-based group attributes this to its organic growth, thanks to "recent capacity investments in Belgium, the Czech Republic, and Romania," as well as the continued integration of joint ventures, "notably Bakery de France in the United States, and the increased stakes in La Boîte à Pain (United Kingdom) and SPA Bakery (Italy)."

Operating performance excluding non-recurring items (EBITDA) increased by 9.1% to €227 million. On a like-for-like basis, excluding joint ventures, lower-than-expected volume growth and increased price competition hampered progress. The group managed to maintain, and even slightly improve, its operating profitability thanks to a more premium product mix. Its EBITDA margin edged up 0.2 percentage points compared to last year (+14.4%).

“While overall results were good, revenue growth remained slightly below the level of ambition linked to the scale of the CAPEX program (€218 million),” admits the CEO of La Lorraine. In 2026, LLBG is counting on rigorous management and sustainable innovation to ensure its long-term growth and pursue its international expansion.

The group says it is confident in maintaining its growth trajectory and plans "record investments of around 250 million euros, giving priority to the timely execution of the CAPEX program in Europe and within the American joint venture."