Belgium’s Leonidas reports ‘excellent’ results after greater expansion
Monday, 21 October 2019
Belgium’s Leonidas chocolatier has already seen “Excellent results” at the end of its non-calendar fiscal year (July 2018 to June 2019) according to a statement on Monday after an already record year in 2018.
The producer of the famous pralines has achieved 4% growth in net sales and plus 6% in its EBITDA (Earnings before interest, taxes, depreciation, and amortization) “despite the heatwave in BeNeFraLux; the yellow jackets movement in France that disrupted sales during the end-of-year holidays; and the reorganization of the sales structure in France.”
The company also emphasizes that it has significantly expanded its activities in other European countries (such as Germany and Romania), as well as in the USA and Canada.
Founded in 1913, the Belgian chocolatier is present in 1,300 specialized stores in 40 different countries. Leonidas works exclusively with Belgian chocolate: 100% pure cocoa butter and is palm oil-free, they said.