(Finance) – illycaffèItalian coffee market giant, closed the 2024 with revenues equal to 630 million euros, recording a 6% increase compared to the previous year. The organic growth achieved in 2024 was led by an increase in volumes in all the main markets, in particular Italy, the United States, Spain, France and the United Kingdom. From the point of view of the channels, Ho.re.ca. He recorded a growth of about 6% compared to 2023, with particularly positive performances in Italy, the United States, Spain and France. The revenues of the modern distribution channel were raised (+10% compared to 2023), in particular in Italy, in the United States, in the United Kingdom and Spain.
The gross operating margin (Ebitda) was equal to 110 million euros, growing 19% compared to the previous year, due to organic growth and greater volumes. Ebitda Margin stood at 17.5% of revenues, an increase of 1.9 pp compared to 2023. TheNet profit It was equal to over 33 million euros, an increase of 42% compared to 2023.
There Net financial position It was equal to 109 million euros, in improvement of 10% compared to the previous year, thanks to the positive generation of cash which allowed the creation of strategic investments to support the increase in production capacity, sustainable innovation and digital transformation. The Ratio pfn/ebitda It was equal to 1x, in a reduction of 0.3 pp compared to 2023.
“2024 was the third consecutive year of strong organic growth, with a double-digit increase in the ABITDA and net profit, despite a macroeconomic context and geo-political challenger combined with the constant increase in the prices of the raw material”, commented on theTo Cristina Scocchia.
In the face of the record results achieved in a particularly challenging context, a prize to over 1000 employees in the world equal to 1 million euros.
“2025 is prospected a complex year for our sector due to the increase in the price of the raw material which, after having grown by about 40% in 2024 compared to the previous year, has now further doubled – added Scocchia – we will try to mitigate the negative impact on the margins deriving from green coffee and we will continue to invest in international innovation and expansion. We also confirm the expansion. investment plan from 120 million euros to double the production and logistics capacity in Trieste “.