Italy's Oro Caffè Sees 10% Growth In 2016
Italian coffee producer Oro Caffè ended 2016 with a consolidated turnover of €9.2 million, which marks an increase of 10% on the previous year.
The company, based in Tavagnacco near Udine, produces an average of 600,000 kg of coffee per year.
According to a company press release, exports account for more than 50% of its sales, thanks to 50 foreign distributors and entry into four new non-EU countries last year. In Italy, the company now has over 1,000 distributors, mainly in Rome and the Triveneto region.
According to CEO Stefano Toppano, entry into Chile, Uruguay, Cyprus and Iran has contributed to the company's growth, as they are all countries with a great market potential.
In addition, the company operates the Adoro Cafe chain, which currently has four locations in Udine and Trieste, two of which opened in 2016.
Oro Caffè is a producer of arabica coffee from Central America, South America and Africa, and robusta coffee from India and Vietnam. The company is also manufactures a system of coffee capsules.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: The European Supermarket Magazine