The UK division of a global coffee giant has seen its sales surpass the £100m mark for the first time. Newly filed accounts have revealed this remarkable achievement.
Located in Uxbridge, the division reported a turnover of £102.3m for 2023. This is a substantial increase from the £92.5m recorded in 2022, reflecting the company’s resilient performance.
Lavazza UK’s turnover totalled £102.3m for 2023, a notable jump from £92.5m the previous year. Pre-tax profits rose as well, from £1.3m to £1.5m in the same period, underscoring strong financial health.
The board expressed satisfaction with these results, deeming them satisfactory. This sentiment is shared by the wider Lavazza group, which recorded a revenue increase of 13%, reaching €3.1bn.
The broader Lavazza group, founded in 1895 in Italy and still family-owned, showed robust global performance with a 13% rise in revenue.
EBITDA for the group stood at €263m, while net profit reached €68m. Regions such as the US, Poland, Italy, and France all contributed to this growth.
Chief Executive Antonio Baravalle emphasised the importance of strategic investments and synergies.
He stated, “We will continue to look at strategic investments and synergies from the perspective of our long-term development to increase our competitive capacity and consolidate our presence on global markets.” This approach aims to fortify the company’s market position.
The number of employees in the UK division rose from 87 to 98, reflecting the company’s growth.
This increase in the workforce is indicative of the company’s expanding operations and market footprint.
The company sponsors major events and teams such as Wimbledon, Arsenal Football Club, and Ascot Racecourse.
These sponsorships help in enhancing brand visibility and consolidating its market presence, contributing to overall growth.
Sales in the US grew by 9.8%, showing a strong performance in a competitive market.
Poland saw a significant 21% increase in sales, indicating robust growth in the region. Italy and France also recorded positive sales growth, at 6.3% and 5.8%, respectively.
Lavazza UK’s exceptional performance in 2023 demonstrates its strong market position and growth potential.
With continued strategic investments and expanding global presence, the company is poised for sustained success.
Lavazza UK’s exceptional performance in 2023 demonstrates its strong market position and growth potential.
With continued strategic investments and expanding global presence, the company is poised for sustained success.
