DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
A-Brands

Illycaffè Sees Net Profit Growth Of 39.1% in FY 2018

By Branislav Pekic
Share this article
Illycaffè Sees Net Profit Growth Of 39.1% in FY 2018

Italian coffee company Illycaffè has posted a 39.1% growth in net profit, to €18.1 million, for the 2018 financial year.

Normalised net profit, comparable with 2017, amounted to €16.7 million (+8.4%), while adjusted EBITDA reached €75.3 million (+10.7%).

Foreign sales accounted for 65% of total revenues, with strong volume growth in North America (+8.4%) and China (+12.2%).

In its home market, Italy, e-commerce was the biggest growth driver (+78.9%).

Positive Performance

Chief executive Massimiliano Pogliani attributed the positive performance to increased efficiency and decisive actions in the core business, the portioned market, and the HoReCa sector.

ADVERTISEMENT

He explained that growth was achieved by broadening the brand’s global leadership as a quality product provider in the premium hospitality sector, developing its mono-brand retail channel globally, and increasing market share in the portioned system sector.

Illycaffè ended the year with 259 points of sale, comprising 179 Illy Caffè outlets and 80 Illy Shops.

In 2018, the coffee giant opened 37 new points of sale.

Outlook

The company has reported that it will continue to focus on policies relating to climate change and innovation.

ADVERTISEMENT

It will also concentrate on its own retail network and portioned systems, and give priority to international growth, especially in the USA and China.

© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. Click subscribe to sign up to ESM: European Supermarket Magazine.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.