illycaffè records record sales growth of plus 13.6 percent / Das
Highest in ten years and double-digit profitability growth
by 15.8 percent despite an increase in production costs (PHOTO)
Milan (ots) – The most important information at a glance:
– Consolidated turnover of 567.7 million euros, up 13.6% in the
Compared to 2021, driven by all markets and distribution channels
– EBITDA of 71.4 million euros, with an increase of 15.8% compared to 2021, despite
exponentially increased green coffee and energy prices (+ 43 million euros
Extra cost)
– EBIT of EUR 25.9 million, an increase of 24.8% compared to 2021
– Net profit of EUR 14.2 million, an increase of 18.9% compared to 2021,
exceeds expectations
– Net financial position at EUR 154.3 million, an increase of 25.0% compared to
Last year, mainly due to the overall increase in production costs
and the investment plan initiated in 2022
The board of directors of illycaffè SpA has approved the draft annual accounts of
parent company illycaffè SpA and the consolidated financial statements for
approved the 2022 financial year. In addition to rising inflation, it came in the year
2022 also lead to an increase in raw material costs. Despite the uncertain and
complex macroeconomic environment, consolidated sales in the year
2022 to 567.7 million euros, a record increase of 13.6% compared to
2021, the highest growth rate in ten years. That achieved in 2022
Growth was driven by all markets and distribution channels in which the
group is present. The EBITDA amounted to EUR 71.4 million, an increase
of 15.8% compared to the previous financial year. thanks to the
revenue growth and the Group’s increased operational efficiencies
with its strategy of sustainable and profitable growth – was able to
extraordinary pressure on margins caused by the inflationary framework,
be compensated. Margins were 12.6% of sales, a
Up 30 basis points (0.3%) compared to 2021. Adjusted EBITDA
amounted to 78.2 million euros, an increase of 10.6% over the
corresponds to the previous year. The EBIT, which amounted to 25.9 million euros, increased
also by 24.8% compared to the previous year, reflecting the development of
operating profitability and the reduced impact of depreciation
the net income is due. The group’s net profit amounted to
14.2 million euros, an increase of 18.9% compared to 2021, representing the
exceeded expectations. The net financial position amounted to EUR 154.3 million,
which corresponds to an increase of 25.0% compared to the previous year and, above all, on
the general increase in production costs, especially
green coffee price and the investment plan planned for 2022
is due.
“We are very pleased that despite the difficult macroeconomic environment
have achieved the best results of the last ten years. The year 2022 was
an important milestone on the way to achieving our strategic goals.
This year, all markets and all sales channels have contributed to our growth
contributed, both in terms of sales and EBITDA. This
Results underline the solidity of the ones we have chosen
strategic direction. Thanks to its superior and sustainable quality
illy coffee is one of the crown jewels of the Italian export sector and we
intend to continue to build on this strength by continuing our growth
continue to accelerate in international markets,” said Cristina Scocchia, Chief
Executive Officer of illycaffè.
As for developments in the main markets, they increased
Revenues in Italy thanks to growth of 9.9% in all distribution channels
Compared to 2021. The Ho.Re.Ca sector in particular recorded a
double-digit growth compared to 2021 thanks to a strong acceleration
the acquisition of new customers in the premium segment of the market. In the United
States, a strategic focus market, revenue increased compared to
27.4% in 2021, thanks to a positive development in all major
distribution channels and a stronger dollar at a favorable exchange rate
led. The other markets where the group is present also recorded
strong growth compared to 2021. In China in particular, the
Sales up 15% compared to 2021, led by online sales. Both
distribution channels, Ho.Re.Ca. a sales growth of 30.9% in
Compared to 2021, indicating a steadily growing customer base and an increase
of the average consumption. In the retail channel, the
Sales up 42.8% from 2021, reflecting brand awareness and the
strengthens customer experience. As of December 31, 2022, the retail network of
illycaffè 190 points of sale in 34 countries. As for the home sales channels
As for Modern Distribution, sales increased by 4.8% in the
Compared to 2021, thanks to a greater sales presence, especially in the
United States. Online sales increased by 3.2% compared to 2021
thanks to further consolidation of partnerships with online retailers. In the
In 2022, the group continued with its sustainability strategy, which is about
every phase of the value chain – from the coffee producer to the
End users – thanks to the introduction of regenerative and sustainable
farming methods, projects to support local communities, the
sustainable management of resources and the application of the principles of
circular economy. Achieved thanks to sustainable business practices
Results were recognized by Standard Ethics in 2022, which illycaffè den
highest possible degree of compliance with those set by the European Union, the
OECD (Organization for Economic Co-operation and Development) and the
International sustainability indicators defined by the United Nations
certified and the company as the best of the 30 Italian companies
that make up the SE Food&Beverage Italian Sustainability Benchmark.
Based on the results achieved in 2022, the group intends to
2023 to continue the growth path set out in the Strategic Plan 2022-2026 and
is looking to further accelerate their international development in
Focus on the super-premium market segment. The expected development is through
supported a major investment plan of €270 million, by
which 120 million euros for an extensive expansion of production and the
Logistics are carried out in Trieste, the strategic production center of the
Group, to be settled and focused on the critical stages of
focus on the production process.
Press contact:
THINK INC. Communications GmbH, mailto:[email protected],
+49-(0)89-72 46 76-23
Further material: http://presseportal.de/pm/156803/5480037
OTS: illycaffè SpA German branch