In the 2020 financial year, the Lavazza Group achieved revenues of over 2 billion euro and operating cash flow of 125 million euro, in line with 2019, confirming the Group’s financial solidity.
ESG criteria are increasingly integrated in Group strategy, with the first milestone reached in the “Roadmap to Zero”, for which about 50 million euro have been set aside in the period 2020-2021.
The Group’s performance in 2020
In a complex economic and social scenario, in which the health emergency from Covid-19 hit the world markets severely, in 2020 the Group achieved solid results - with a turnover substantially in line with 2019 - even though the restrictive measures introduced in the various countries have affected operating results. The Group reported excellent Retail channel growth rates in Germany (+35%), United States (+22%), United Kingdom (+15%), Russia (+30%) and Poland (+10%), while the Group’s key markets of Italy and France grew by over 7%. This increase partially offset the significant and inevitable contraction of the Out of Home business.
In 2020, the Lavazza Group consolidated its environmental sustainability strategy, launching the "Roadmap to Zero", which will completely neutralise the Group's carbon footprint by the end of 2030. An ambitious plan that in 2020 has already made it possible to zero the impact from the direct CO2 emissions generated by all the company’s activities, including production facilities, offices, flagship stores, corporate vehicles (scope 1), and from indirect emissions generated by the purchase and consumption of electricity, heat and steam (scope 2).
The Group, in line with its sense of responsibility towards the territories in which it operates, has allocated 12.5 million euros in projects to support local communities, in Italy and abroad, to cope with the impact of the pandemic.