Trademagazin > News and articles > Company and Personal News > Home coffee consumption moderated the decline in illycaffe sales last year
Home coffee consumption moderated the decline in illycaffe sales last year
Despite a significant increase in home coffee consumption and growth in retail sales, the sales revenue of the Italian coffee trading company illycaffe declined last year due to a decline in catering unit sales.
According to the 2020 earnings report approved by illycaffe SpA’s shareholders’ general meeting and published on the company’s website on Monday, annual sales decreased by 14 percent compared to the previous year to 446.5 million euros. The company’s net profit was 5 million euros last year. (MTI)
Related news
Nestlé’s coffee brand surpasses regenerative agriculture goal for 2025
Nescafé said it sourced close to a third of its beans…
Read more >Lavazza Considering Merger with Dallmayr – A European coffee giant may be in the making
Italian coffee group Lavazza is reportedly exploring a merger with…
Read more >A cup of coffee for a long, healthy life? 30 years of research has provided the answer
Coffee in the morning is not only a wake-up call…
Read more >
More related news >
Related news
OTP Travel received the Travelife Partner certification for the second time
OTP Travel has once again been awarded the internationally recognized…
Read more >An unusual competition could create the shopping experience of the future
Registration is now open for Hungary’s first shopping mall hackathon.…
Read more >Summer break: Hungarian families spend hundreds of thousands of forints
In addition to relaxation, summer vacation also means serious logistical…
Read more >