Italian Coffee Producers End 2017 On Positive Note
Leading Italian coffee producers Lavazza, Massimo Zanetti Beverage Group and illycaffé have all reported positive results from 2017.
Turin-based Lavazza closed 2017 with a net profit of €4.7 million, which was not comparable with that of 2016 due to non-recurring positive effects of around €37 million, while EBITDA grew 12.5% to €200.8 million.
Consolidated revenues amounted to €2 billion, an increase of 6.3% over 2016, which is three times the market average. The growth was driven by foreign markets (primarily France, Germany, the UK and the US), which contributed to more than 63% of the turnover. Lavazza maintained the leadership position in its home market.
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