Lavazza's 2012 is archived, which ended with the return to profit, at 97,1 million against the net loss of 9 million at the end of 2011, and with revenues growing by 4,9% on an annual basis to 1,3 billion euros. The cash balance increased, from 173,5 million to 288,1. The shareholders' meeting, which approved the financial statements today, confirmed the 2013-2015 industrial plan proposed by the company's top management.
Lavazza obtained 54% of its turnover from sales in Italy, where its market share has risen to 48,4%: it is therefore approaching the 50/50 threshold compared to the foreign market which represents one of Lavazza's main objectives for the years to come, focusing above all on expansion in the United States and the United Kingdom, as well as in Grancia and Germany. which Lavazza has set itself as a strategic objective for years.
For Antonio Baravalle, CEO of the company, the reason for the good results obtained in the past year reside in "firm corporate governance and a thorough rationalization and reorganization action internal". Nonetheless, a negative trend was recorded for Lavazza in the last quarter of last year, confirmed in the first three months of 2013.
