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BOLOGNA, Italy – Massimo Zanetti Beverage Group ha concluded 2024 with interesting results. Specifically, the company registers a turnover of more than €1 billion, -5% in comparison with 2023. All the number for the year need to be approved by the Board of Directors at the end of today.
The Group shares an Ebitda of 62 million euros, +23%. The net financial position is at 350 million, in line with forecasts as reported by Il Sole 24 ore.
Massimo Zanetti Beverage Group financial results
Massimo Zanetti Beverage Group showed great resilience considering the delicate context of the coffee industry with the rising costs of raw material to record levels.
Last year, the QuattroR fund entered the Group thanks to a 100 million transaction.
In the first four months of 2025, the Group shows already interesting results: revenues grew by 18% year-on-year and Ebitda exceeded expactations by 20%.
The net debt is at 355 million euro. For the entire year, the group expects, as mentioned by Il Sole 24 Ore, a turnover of 1,2 billion and a turnover of 1.2 billion.
The Group has 24 roasting plants in the entire world and a workforce of 4500 employees. Italy, as reported by Il Sole 24 Ore, is worth 10 percent of the turnover, while the US market accounts for 40 percent.
The future of the company? It is in Asia according to Pierluigi Tosato, the group’s Ceo. The Group latest opening was in fact in Jakarta, Indonesia.
The ceo added that they want to relaunch the Segafredo brand. The Group is a global company that sells in 100 countries and on all five continents, adds Tosato.
