Belgian biscuit maker Lotus surpasses €10 billion market value

Belgium’s Lotus Bakeries, famous for its Biscoff cookies, has surpassed a market value of €10 billion for the first time, following a surge in its stock price this year. The company, based in Lembeke, East Flanders, has seen its share price double since January, reflecting its successful international expansion efforts.

Lotus, best known for its caramelised biscuits, has been expanding globally, with factories in South Africa, the United States, and plans for another in Thailand by 2026. “This is yet another milestone in the company’s history,” said Erik Joly, chief economist at Dutch bank ABN-Amro. 

Just last year, Lotus Bakeries crossed €1 billion in annual revenue. Now it joins a select group of top-valued companies on the Brussels stock exchange, alongside giants like beer brewer AB-InBev and biopharmaceutical company UCB.

The company’s stock closed at €12,260 on Tuesday, representing nearly a 50% increase since the start of the year. 

^{​#FlandersNewsService | Lotus Biscoff cookies at the Lotus Biscoff Coffee Corner in San Francisco, United States © BELGA PHOTO SISKA GREMMELPREZ}