illycaffè ends the 2009 financial year with a positive balance sheet
May 17, 2010
Trieste, May 17, 2010. The general meeting of illycaffè shareholders has announced the results of the 2009 balance sheet. In a critical global economic situation, particularly in the first part of 2009, the company ended the year with positive results and a consolidated turnover of 283.4 million Euros (+1.2% more than the previous year). The EBITDA is 39.624 million Euros, 3.6% more than 2008; net profit of 5.2 million Euros. Total sales outside Italy were 55%. The general shareholder meeting renewed its governance with the confirmation of the board, proxies, and the board of statuary auditors, with the nomination of Eng. Giancarlo Michellone, President of the Area Science Park in Trieste and director of the Fiat Research Center as a member of the board. In 2010 illycaffè will further expand its activities in the international market with a new subsidiary in San Paolo, opening in June: illycaffè South America will strengthen the presence of the company in Brazil and in all the countries of Latin America.
“In a complex year illycaffè has substantially maintained its market position and succeeded in preserving all important strategic project commitments initiated at the beginning of the crisis,” declared Andrea Illy, Chairman and CEO of the company. “These results are the dividend of work that will have positive spin-offs in future years.”
In 2009 the company confirmed a commitment to strategic projects initiated in the past.
− The fine-tuning of the development strategy of espressamente illy, a franchising chain of authentic Italian coffee bars, with the objective of promoting illycaffè’s culture, style and products through qualified Ho.Re.ca.(Hotel-Restaurant-cafè) partnerships. Currently there are 230 espressamente illy coffee bars in the world, with plans to open another 120 in the next three years.
− The Artisti del Gusto project, an international network of quality clients that illycaffè supports and promotes as partners. Launched in 2007, today there are over 1000 Artisti del Gusto cafes all over the world, with another additional 300 planned by the end of the year.
− Continuing investments related to the Iperespresso capsule system-the highest quality illycaffè product for espresso at home, introduced in 2007— with global expansion, the launch of a new communication format and on-line sales.
− illy issimo, a coffee “ready-to-drink” made by Ilko Coffee International (a 50 % joint venture of illycaffè and The Coca Cola Company) has seen sales growth and wider distribution in strategic countries like Italy, the U.S. and Japan.
− Mitaca (a joint venture, 50% illycaffè) has recently opened a new plant for the office sector and presents a new line of machines for capsules that are offered in Italy and more than 30 new client countries.
illycaffè, based in Trieste, Italy, produces and markets a unique blend of espresso coffee and is the brand leader in high-quality caffè. Over 6,000,000 cups of illy caffè are prepared and enjoyed daily. illy is sold in more than 140 countries and is served in more than 50,000 of the best coffee bars and restaurants in the world.
