Cibi e Bevande
RECORD-BREAKING RESULTS IN 2024 STRONG GROWTH ACROSS ALL MAJOR MARKETS AND CHANNELS DOUBLE-DIGIT PROFITABILITY INCREASE (+19%) FOR THE THIRD CONSECUTIVE YEAR NET PROFIT UP 42% YEAR-OVER-YEAR
The Gross Operating Margin (EBITDA) grew to €110 million, up 19% from 2023, driven by increased volumes and sustained organic growth. The EBITDA margin improved to 17.5% of revenues, reflecting a 1.9 percentage point increase from the previous year.
The Net Operating Margin (EBIT) rose to €61 million, a 50% increase compared to 2023, supported by EBITDA growth and a lower depreciation impact on net revenues.
Net profit exceeded €33 million, marking a 42% increase, in line with EBIT's strong upward trajectory. The Net Financial Position stood at €109 million, reflecting a 10% improvement year-over-year. Strong cash generation enabled strategic investments aimed at expanding production capacity, advancing sustainable innovation, and accelerating digital transformation. The PFN/EBITDA ratio was 1x, down 0.3 percentage points compared to 2023.
Given these record-breaking results, illycaffè will award an extraordinary €1 million bonus to its over 1,000 employees worldwide, recognizing their dedication and contribution to the company's success.
:
In 2024, all the main markets in which the group is present grew compared to 2023. The group further consolidated its leadership position in Italy within the super-premium coffee segment. In Europe , growth was primarily driven by Spain , France , and the United Kingdom . The United States , the group's priority market, recorded strong growth (+11% compared to 2023) in all distribution channels, particularly online (+18% compared to 2023).
From a channel perspective, Ho.Re.Ca. grew by approximately 6% compared to 2023, with standout performances in Italy , the United States , Spain , and France . Revenues from the Modern Distribution channel increased sharply (+10% compared to 2023), particularly in Italy , the United States , the United Kingdom and Spain .
illycaffè is an Italian family business, founded in Trieste in 1933 and committed to offering the greatest coffee to the world. It produces the unique illy 100% Arabica blend made of 9 of the world's best selections of Arabica, with a constant eye towards innovation. The bestowing of the first " Ernesto Illy Award for quality espresso coffee" in 1991 in Brazil and the "Ernesto Illy International Coffee Award" in 2016 symbolize its commitment to coffee growers, to whom illy pays a premium price for quality coffee. In 2019 it adopted Società Benefit status under Italian law, and in 2021 it became the first Italian coffee company to obtain B Corp international certification thanks to its commitment to abiding by the highest environmental and social performance standards. The company, which is present in over 140 countries, recorded consolidated revenues of €630 million in 2024.
Logo - https://mma.prnewswire.com/media/2658214/illycaffe__illy__Logo_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/record-breaking-results-in-2024-strong-growth-across-all-major-markets-and-channels-double-digit-profitability-increase-19-for-the-third-consecutive-year-net-profit-up-42-year-over-year-302420957.html