- +15% revenue growth compared to 2021, driven by all markets and distribution channels, and accelerated profitability
- Full-year 2022 is expected to be double-digit revenue growth compared to 2021 and increasing profitability despite significant cost inflation
- Focus on growth, operational efficiency and organization
MILAN, November 3, 2022 /PRNewswire/ — In the first nine months of 2022, illycaffè’s consolidated sales increased by 15% compared to 2021.
Sales in Ho.Re.Ca. The channel, which benefited from a gradual recovery in out-of-home consumption, posted double-digit growth (+39%) compared to 2021, narrowing the gap to pre-pandemic levels.
Retail channel sales grew 5% compared to 2021, while online channel sales grew 8% compared to 2021.
in the The United Statesa priority market in the industry plan, revenue increased 32% compared to 2021 on positive performances across all major distribution channels and the favorable impact of a stronger dollar.
The other markets where the group is present saw strong sales growth compared to 2021. China Revenue increased by 22% compared to 2021
Though sales have grown significantly, there remains severe pressure on margins due to increased raw material and logistics costs, which are up almost 20% compared to 2021.
Despite a higher cost base, EBITDA increased in the first nine months compared to the previous year thanks to increasing sales, a strong strategic focus on…
