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illycaffè announces first outside CEO

Massimiliano Pogliani has held management positions in groups like Italian espresso machine maker Saeco, Nespresso and Nestle Super Premium.

TRIESTE, Italy – Italian coffee group illycaffè reported Tuesday revenues of EUR437 million in 2015, up 12 percent on the previous year. EBITDA rose 7 percent to EUR66.4 million. Debt at the end of the year stood at 115 million euros, making for a debt/EBITDA ratio of 1.73. The company said revenues in Italy rose 8 percent on year.

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