Illycaffè profit up 67.2%, earnings up 5.7% - Business

2024-03-26T13:14:18.230Z

Highlights: Illycaffè on Tuesday posted 2023 group profit up 67.2% at 23.7 billion euros. Earnings up 5.7% at 595.1 million euros, Trieste-based coffee maker said. Adjusted Ebitda was 92.8 million (+18.6%), EbitDA Margin (Adjusted) 15.6% (+1.8%), and Net Financial Position 122.2million, up 20.8%.    It said all its main markets grew in 2023 compared to 2022.

Illycaffè on Tuesday posted 2023 group profit up 67.2% at 23.7 billion euros and earnings up 5.7% at 595.1 million euros, the Trieste-based coffee maker said. Adjusted Ebitda was 92.8 million (+18.6%); Ebitda Margin (Adjusted) 15.6% (+1. (ANSA)