Eataly, founded only 11 years ago by Oscar Farinetti, confirms strong growth and is preparing to land on the stock exchange through the IPO. Revenues and ebitda growing, with the aim, envisaged in the business plan, of increasing annual turnover by 17% until 2020, as declared by Andrea Guerra, executive chairman of the group, on the occasion of the presentation of the first consolidated financial statements.
The company of gastronomic excellence has achieved great success in recent years and, according to what Guerra stated in 2017, 33 million visitors were reached and around 30.000 meals were served a day, also thanks to the debut of Fico on the outskirts of Bologna, which is contributing to the revenue growth of the entire group.
Eataly is now a global reality, with more than 8600 collaborators. The growth objectives set by the group are diverse and achievable, as confirmed by the further increase recorded in the first three months of 2018 equal to 19,6% (at current exchange rates) and equal to 24,7% (at constant exchange rates).
Thanks to the growth in revenues and cost containment, Eataly returned to profit (1 million euro) after last year's deep loss of 20 million due to investments to support the development and opening of new businesses in Italy and abroad.
By the summer, Eataly will most likely announce an agreement with a Chinese partner intended to accompany its expansion on Asian markets as well.
