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At Leipnik-Lundenburger Invest Beteiligungs AG (LLI), despite the problems stemming from the Corona crisis, people are quite satisfied. “Fortunately, we were able to increase the result despite an extremely challenging year,” said LLI CEO Josef Pröll. “The decision to consciously target the end consumer with a brand strategy parallel to the so-called industrial flour for large bakeries and the food industry has paid off.”
In total, LLI sales fell 3.8 percent to EUR 1,078.35 billion in financial year 2019/20. According to the company, earnings before tax (EBT) increased 29.7 percent to 48.28 million euros. There was a significant decrease in the cafe + co group due to the Corona closures. Sales fell 12.3 percent to 209.9 million euros.
The total amount of land decreased slightly last year due to lower demand in the large bakery sector. However, this decline was more than offset by a massive increase in demand for branded and packaged flour and pasta. “With its two operational pillars, Mühlen and café + co, LLI is widely positioned and therefore sustainable and resistant to crises,” emphasized Pröll.
Investments are still being made in steel mills. The new mill in Krefeld should be finished as planned in the summer. With the new mill, GoodMills Group wants to increase efficiency. The total milling capacity is 408,000 tons per year.
A project to expand and modernize the Kutno factory is also starting in Poland, with an investment volume of 21 million euros. With 24 mills in seven countries, GoodMills is the largest flour producer in Europe. A.AN.
