More profit with slightly lower sales
Josef Pröll, head of Leipnik Lundenburger
At Leipnik-Lundenburger Invest Beteiligungs AG (LLI), despite the problems resulting from the Corona crisis, people are quite satisfied. “Fortunately, we were able to increase the result despite an extremely challenging year,” said LLI General Director Josef Pröll. “The decision to consciously address 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 by 3.8 percent to EUR 1.078.35 billion in the 2019/20 financial year. According to the company, earnings before taxes (EBT) increased by 29.7 percent to 48.28 million euros. There was a significant decrease in the cafe + co group due to the Corona closings. Sales fell by 12.3 percent to 209.9 million euros.
The total ground quantity fell slightly in the past financial year due to the lower demand in the large bakeries sector. However, this decline was more than compensated for by a massive increase in demand for branded and packet flour as well as for pasta. “With its two operational pillars, Mühlen and café + co, LLI is broadly positioned and thus sustainably crisis-resistant”, emphasized Pröll.
Investments are still being made in mills. The new mill in Krefeld should be completed as planned in the summer. With the new mill, the GoodMills Group wants to increase efficiency. The total grinding capacity is 408,000 tons per year.
An expansion and modernization project for the mill in Kutno is also starting in Poland, with an investment volume of 21 million euros. With 24 mills in seven countries, GoodMills are the largest European flour producer. A.AN.
