Lavazza’s turnover exceeded €2 billion in 2020

The Italian leading coffee company Lavazza achieved a total turnover of €2.085 billion in 2020 and operating cash generation of €125 million in line with 2019, as well as solid growth in the retail channel in key markets.

“We are facing this complex period based on three priorities: people’s health and safety, business continuity and future development,” – says Antonio Baravalle (in the picture above), CEO of Lavazza Group. “In 2020 we achieved good results, despite the difficulties of the period. Moreover, we are developing our projects, investing and focusing on innovation and sustainability, which are increasingly central to our strategy”.

In 2021, the Lavazza Group confirmed its position as one of Italy’s top employer's thanks to a process of continuous improvement centred on people and the constant search for excellence in processes and strategies related to HR management.

INVESTMENTS AND ENVIRONMENTAL SUSTAINABILITY

The Turin-based group joins the long list of food giants, which includes, among others, Nestlé, intent on achieving carbon neutrality by 2030. For its ambitious project called “Roadmap to Zero” the company has announced investments, for the two-year period 2020-2021 only, of about 50 million euros.

Already by the end of 2020, the plan has enabled the group to achieve an important goal, namely the zeroing of the impact of direct carbon dioxide emissions generated by all the company’s activities such as production facilities, offices, flagship stores, company vehicles (scope 1), as well as indirect emissions generated by electricity, heat and steam purchased and consumed (scope 2). Finally, by 2030, indirect emissions will be offset along the entire supply chain, upstream and downstream of the Group’s operations (scope 3): from green coffee to packaging, and from logistics to disposal.

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Courtesy: italianfood.net, Lavazza