Saturday 15 June 2024
  • La Cimbali

Leading Italian coffee maker Lavazza posts record revenue of EUR2 billion

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  • TME - Cialdy Evo

MILAN – Italian leading coffee roaster Lavazza reported record full-year results for 2017 on Tuesday achieving revenue in excess of EUR2 billion for the first time in the company’s history.

This is a 6.3% increase over the previous year or three times the market average. Sales rose in the United Kingdom, the United States and in France, the group’s second largest market after Italy. Foreign markets represented just under two thirds of the group’s sales.

The Turin-based group also posted a 12.5% rise in core profits. In fact, earnings before interest, taxes, depreciation and amortisation (EBITDA) were 200.8 million from 178.5 million in 2016.

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