Lavazza posts revenue of almost €2 billion
The 2018 financial results posted by Lavazza confirm the group’s steady growth and increase in operating profitability. Consolidated revenue totalled €1.87 billion, 9.3% up on the previous year’s €1.71 billion.
Net profit saw double-digit growth to reach €87.9 million (up 12.9% on 2017), while group EBITDA grew by 6.2% to €197.3 million.
The results are attributable both to the integration of the companies acquired in 2017 (Nims, Kicking Horse and ESP) and the strong performance in Italy (36% of total revenue), France, North America, Eastern Europe and the UK.
As a whole, export markets accounted for 64% of revenue. In 2018 the group also inaugurated Nuvola, its new headquarters in Turin.
The structure is one of the most eco-sustainable buildings in the world and involved a total investment of more than €120 million.