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Italian coffee company Lavazza Group has published its full year 2024 financial results, reporting a revenue of €3.35 billion (US$3.7 billion), up 9.1 per cent on 2023.
On 3 April, Lavazza Group CEO Antonio Baravalle announced the main financial indicators. Alongside revenue, the company reported EBITDA (earnings Before Interest, Taxes, Depreciation, and Amortisation) of €323 million (US$345 million) – up 18.6 per cent on 2023 – and net profit of €82 million (US$90.6 million) – up 20.6 per cent on 2023.
“The coffee industry is facing increasingly complex challenges in a critical and highly volatile macroeconomic and geopolitical context, marked by the continuous rise in raw material costs. Quality is fundamental to us and remains the cornerstone of our relationship of trust with consumers – this means continuing to absorb very high costs. In this scenario, the Lavazza Group has demonstrated strength and flexibility, achieving solid results in 2024,” says Baravalle.
“These turbulences have required, more than ever, a constant ability to adapt and manage costs at all levels, both operational and capital-related, while maintaining a healthy profitability. This has enabled us to continue safeguarding and enhancing our People and to preserve our investment capacity – essential to remain increasingly competitive in the global coffee market.”
Alongside the financial results, the CEO introduced Tibali, described as “a breakthrough within the coffee industry”. Developed by Lavazza as a result of the acquisition of Caffemotiv in 2020, Tabli is a new coffee machine system that uses “tabs” of 100 per cent coffee.
“2025 opened with a still very complex trajectory: not only an increasingly complex geopolitical landscape, but also further record increases in raw material prices, compounded by the current issue of tariffs in the United States,” says Baravalle.
“Despite these difficulties, we have always wanted to maintain our investment in R&D, and in the year of our 130th anniversary we are ready to relaunch with the innovative Tablì system, which allows us to introduce a new product category – the ‘tab’ made of 100 per cent coffee – in a strategic segment such as single-serve.”
Tabali will be presented to the public at Milan Design Week 2025 from 6 to 13 April.
The post Lavazza Group reports FY2024 results appeared first on Global Coffee Report.
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