RESULTS AND PROPOSAL FOR APPROPRIATION OF RESULTS

The consolidated net profit for 2022 amounted to EUR 103.3 million as compared to EUR 90.7 million in 2021.

The 2022 results for the parent company Lotus Bakeries NV are as follows:

The Board of Directors will propose at the Ordinary Shareholders Meeting of May 12, 2023 that a gross dividend of EUR 45 per share for 2022 be paid compared with EUR 40 per share in 2021. This maintains the dividend policy of recent years, whereby at least one third of the recurring net profit is paid out.

The Board of Directors proposed to appropriate the profit as follows: