The Board of Directors of Lavazza Group has approved the Consolidated Financial Statements for the fiscal year ending December 31, 2024. CEO Antonio Baravalle presented key financial indicators and introduced Tablì, an innovative coffee system set to revolutionize the single-serve coffee market.
Navigating a Challenging Market Landscape
“The coffee industry faces increasing challenges in an unpredictable macroeconomic and geopolitical climate, particularly due to rising raw material costs,” said Baravalle. “Despite these challenges, Lavazza Group has shown resilience, achieving strong results in 2024 by managing costs efficiently while maintaining profitability and investing in our people. Looking ahead to 2025, we expect continued volatility, including further increases in raw material prices and potential tariff complications in the U.S. However, we remain committed to innovation and investment in R&D. As we celebrate our 130th anniversary, we are excited to introduce Tablì, a new product category in the single-serve segment.”
Introducing Tablì: A New Era for Single-Serve Coffee
Lavazza Group today launched Tablì, an innovative system offering a new way to experience coffee. This breakthrough represents a turning point for both the company and the wider market. The Tablì system introduces a unique product category with a “tab” made of 100% coffee, paired with a specially designed coffee machine featuring a pioneering delivery system.
Tablì stems from Lavazza’s acquisition of Italian startup Caffemotive in 2020, which pioneered the tab concept. With over 15 patents, Lavazza has refined and scaled up the technology to ensure consistent quality. The innovative system delivers exceptional aroma, color, and taste without requiring a protective wrap for coffee extraction.
The single-serve market remains a strategic growth area, with global volumes increasing by 4% and value rising by 3% in 2024. Sustainability and circular economy solutions are key drivers of this growth. Tablì aligns with Lavazza Group’s commitment to sustainability while complementing its portfolio of ground coffee, beans, capsules, and pods.
Consumers and industry professionals can experience Tablì firsthand at Milan Design Week 2025, from April 6-13, at the “Source of Pleasure” installation, created in collaboration with Brazilian architect and designer Juliana Lima Vasconcellos. This site-specific exhibit will be hosted in the courtyard of Palazzo del Senato, home to Milan’s State Archives.
2024 Financial Performance Highlights
Lavazza Group navigated a challenging economic environment marked by sharp increases in coffee prices. The cost of Arabica and Robusta surged by over 70% compared to 2023, with additional increases of 20% and 10%, respectively, recorded in early 2025. Rising raw material costs and inflation impacted retail prices, leading to a 3.5% contraction in global coffee sales volumes over the past two years.
Despite these headwinds, Lavazza Group maintained profitability through rigorous cost management. Geographic diversification helped offset negative impacts in Europe, supporting growth in key markets like the U.S., where revenues increased by 12%. Revenue trends remained positive in Italy (+4%) and France (+2%).
Key financial results for 2024 include:
- Revenue: €3.35 billion (+9.1% YoY)
- EBITDA: €312 million (+18.6%)
- EBITDA margin: 9.3% (up from 8.6% in 2023)
- EBIT: €130 million (vs. €97 million in 2023)
- Net profit: €82 million (+20.6%)
- Net financial position: -€511 million, reflecting M&A investments, primarily the IVS Group Public Tender Offer
Lavazza Group strengthened its market position through strategic acquisitions. In 2024, it acquired a 49% stake in IVS Group, a leading Italian vending operator, via a Public Tender Offer. Delisting was completed, and Lavazza may exercise options to acquire full control by 2027, subject to regulatory approvals.
“2024 marked the first full year since the acquisition of MaxiCoffee, which has met expectations and strengthened our multi-brand strategy,” said Baravalle. “Our expansion efforts in North America, continued omnichannel leadership in Europe, and investments in the single-serve segment through Tablì are key to our future growth.”
Commitment to Employees and Sustainability
Lavazza Group employs over 5,500 people worldwide and prioritizes ESG principles, recognizing human capital as a key driver of sustainable growth. The company fosters an inclusive work environment, offering extended welfare programs, flexible work options (including up to 10 remote workdays per month), enhanced caregiver and paternity leave, and “short Fridays” during summer.
In line with its value-sharing approach, Lavazza continues to reward employees through incentive schemes. In 2024, performance-based bonuses of up to €3,800 per person were distributed to eligible employees in Italy.
Lavazza Group: A Global Coffee Leader
Founded in 1895 in Turin, Lavazza Group remains a family-owned company and a leading player in the global coffee industry. With operations in 140 markets, eight manufacturing plants across five countries, and a portfolio including Lavazza, Carte Noire, Merrild, and Kicking Horse, the company produces over 30 billion cups of coffee annually.
Lavazza has a long history of innovation, from pioneering coffee blends to developing groundbreaking packaging and space-grade espresso. Sustainability remains at the heart of its strategy, ensuring continued excellence in quality while driving social and environmental responsibility. The company’s mission, “Awakening a better world every morning,” reflects its commitment to creating value for shareholders, employees, consumers, and communities alike.
