(ANSA) – TRIESTE, 29 JUL – Consolidated revenues up to 500 million euros (+ 17.4%); EBITDA at 61.6 million, up (+ 16.7%) compared to 2020, but below pre-pandemic levels (-11.4% compared to 2019); EBIT of 20.7 million; Net profit of 11.9 million. Lastly, the net financial position improved by 9.9%, reaching 123.5 million euros thanks to solid cash generation. These are the main figures of the 2021 consolidated financial statements of illycaffè Spa approved by the Board of Directors.
The balance sheet is characterized by growing revenues compared to 2020 and in line with 2019 and an improved profitability profile compared to 2020, even if still lower than pre-pandemic levels.
Revenues are driven by a gradual recovery in out-of-home consumption and positive results in the Home channels (mainly e-Commerce and Modern Trade). A trend with a similar trend in Italy, the EMEA area, the USA and the Asian market.
Cristina Scocchia, CEO of illycaffè, for 2022 expects “profitable growth, guided by clear strategic choices and an efficient allocation of resources”, focusing “more on the distinctive positioning of the illy brand”. (HANDLE).
Source: Ansa
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