Lavazza Full-Year Report 2022

Conversely, in the Away From Home channel, despite a positive contribution resulting from the pricing increase, it was the positive volume effect (+26%) that generated the greatest growth in turnover. The Beans segment continued to grow, confirming itself as the most dynamic on the market in 2022 as well. Taking into consideration the 15 main geographies where the Group operates, the Beans segment rose by +1.4% compared to 2021 and the Lavazza
Group’s market share grew (+1.5%) thanks to a 12% increase compared to 2021. In the Single Serve segment, which remained the most competitive, the Group continued to carry out its plan for the launch of aluminium capsules.

The Group’s EBITDA was €309 million compared to €312 million for 2021 (-1%), virtually in line with the previous year. EBITDA margin was 11.4% compared to 13.5% for 2021.

The Group’s revenues grew by 17.6%, with a positive performance in all the channels (Retail +13.1%; Food Service +41.3%; OCS/Vending +19.7%). With specific reference to the Retail channel, the segment with the most sustained growth was Roast & Ground, while capsule turnover was impacted by the transition from plastic to aluminium, currently underway