MILAN, March 30 (Reuters) - Italian coffee maker Lavazza on Monday posted an increase in annual revenue and profit despite persistently high bean prices and weaker global demand. Revenue rose 15.7% to
Lavazza Sees Higher Sales and Profit Amid Rising Coffee Prices and Weak Demand
Lavazza's Financial Performance and Market Challenges
Annual Revenue and Profit Growth
MILAN, March 30 (Reuters) - Italian coffee maker Lavazza on Monday posted an increase in annual revenue and profit despite persistently high bean prices and weaker global demand.
Revenue rose 15.7% to 3.9 billion euros ($4.48 billion), driven by strong growth in North America, where sales climbed 27% despite U.S. President Donald Trump's import tariffs.
The group's core profit increased 8.8% to 340 million euros, even as costs rose.
Industry Pressures and Operational Challenges
Rising Costs and Supply Chain Issues
The 130-year-old company said the sector continues to face pressure from high green coffee prices, regulatory uncertainty and a logistics crisis that has pushed up costs and lengthened delivery times, all of which contributed to a global contraction in sales volumes.
Geopolitical Tensions and Future Outlook
CEO Statement
"These first months (of the year) have been marked by further serious geopolitical tensions, which will also impact on companies' operating costs", Antonio Baravalle, CEO of the Lavazza Group, said in a statement.
Exchange Rate Information
($1 = 0.8701 euros)
Reporting Credits
(Reporting by Elisa Anzolin; EDiting by Kirsten Donovan)
