Massimo Zanetti Beverage Group S.p.A. (the “Company” or the “Parent”) and its subsidiaries (together referred to as the “Group” or “MZB Group”) published the Annual Financial Statments at December 31, 2017. Revenues increased for the company by 4.2 percent.
Revenue amounted to Euro 956,065 thousand for the year ended December 31, 2017, an increase of Euro 38,590 thousand (+4.2%) compared to the year ended December 31, 2016. This increase is mainly due to the combined effect of:
• the increase in the sales price of roasted coffee and other (+5.8%);
• the contribution of Nutricafès (acquired in September 2016) to results for the first eight months of 2017 (+2.7%);
• the organic decrease in roasted coffee sales volumes (-3.2%); and
• foreign exchange rate impact, mainly due to the fluctuations of the US dollar (-1.1%).
