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Our Group’s 2022 results were announced today.
In 2022, we reported revenues of € 2.7 billion, up 17.6% on 2021 as a result of increased volumes in all geographical areas and careful cost management.
“The 2022 results represent another milestone for our Group. Despite the particularly challenging scenario, we have been successful in sustaining turnover growth and keeping the margin in line with previous years. This was made possible by the huge commitment at all levels of the company to pursuing a strategy of international growth, combined with cost containment in an extremely complex situation. The focus is now on the exceptional cost increases seen during the year, which will also have a significant impact on 2023”, said our Group CEO Antonio Baravalle.
When presenting the 2022 financial results, we also reported on the completion of our acquisition of French coffee company MaxiCoffee, an operation first announced on November 28, 2022.
Christophe Brancato, founder of MaxiCoffee Group, is associated with the operation and will continue to hold a minority stake in the business. Christophe Brancato also remains Chair of the French company and will continue to develop the business model he launched.
“With this acquisition, we continue our strategy to expand internationally and strengthen the business in key markets. MaxiCoffee will have a totally separate and independent management, maintaining its successful business model intact”, continued Antonio Baravalle.