TRIESTE, Italy, May 3, 2021 /PRNewswire/ —
Consolidated revenues of € 446.5 millionSales related to home consumption up 21%, + 30% in Italian supermarketsDigital transformation acceleration: +39% of e-commerce revenues and significant growth in the number of online consumers, of which 50% were new clients acquired in 2020Adjusted EBITDA (net of extraordinary components) equal to € 57.7 millionNet profit of € 5 million Net financial position continuously improving underpinned by solid cash generation B Corp international certification standard obtained as a company that meets the highest standards for social and environmental performance, transparency and responsibility
The illycaffè SpA shareholders’ meeting approved the 2020 Annual Report, posting profits in a year deemed overall positive despite the COVID-19 pandemic and associated containment measures.
Sales related to home consumption and e-commerce partially compensated the reduction in sales attributable to the pandemic in the out-of-home segment, which suffered from the closure of many bars and restaurants in Italy and around the world for most of the year.
2020 saw a 30% increase in sales in Italian supermarkets, also thanks to the excellent performance of compatible aluminum capsules, with a market growth of 10%.
The digital transformation of the company and its business is proceeding apace, together with the intensification of activities related to sustainability.
In a year so heavily affected by the pandemic, with consumption outside the home – bars, restaurants, hotels, and offices – severely limited, the growth of home consumption, mainly through the e-commerce and modern distribution channels, allowed us to achieve revenues of € 446.5 million, a decrease of only 14% compared to the prior year.
Business composition in 2020 thus shifted towards home consumption channels, which accounted for 56% of total revenue (versus 40% in 2019). This significant growth was seen in both portioned coffee systems, which include Iperespresso capsules, compatible capsules and the ESE compostable paper pods (the latter supported by the launch of two new coffee machines), and the ground coffee and coffee bean sectors, with the iconic illy can.
In 2020, the digital transformation that had been launched in previous years allowed illycaffè to be ready to face the challenge posed by