Illy: record revenue growth in the first half 2026 (+19% at constant exchange rates)

In the first half of 2026 Illy Group revenues amounted to 373 million euros, recording an increase of 19% at constant exchange rates compared with the previous financial year (+17% at current exchange rates), driven by a significant increase in volumes across all the main markets, particularly in the two strategic countries: Italy and the United States.

Positive results, despite inflationary pressure on raw material costs (approximately +20% compared with the previous year). Ebitda amounted to 53 million euros with an increase of 10% compared with the previous financial year, thanks to organic growth.

Strategic agreements in the US and expansion of the production hub

In the first half, the Group finalised an important strategic agreement with Westrock Beverage Company in the United States, for the development and packaging of a range of selected products intended for the North American market. In parallel, the plan for expansion of Trieste’s primary production hub continued, leading to the start-up of the new roasting plant.

“We closed an extraordinary first half, with revenue and Ebitda up by double digits. This result reflects the quality of our strategic choices and the value of our people, and demonstrates the Group’s ability to grow even in a particularly challenging market environment. This half-year also marked a fundamental milestone in the process of doubling Trieste’s production capacity, with the start-up of the new roasting plant which, together with the multi-year strategic agreement with West Rock in the United States, will enable us to support the growth we expect over the coming years,” commented Cristina Scocchia, CEO of Illycaffè.

Positive trends in the main markets and channels

In the first half of 2026, all the main markets in which illycaffè operates grew compared with 2025. The Group further consolidated its leadership position in Italy in the premium segment of the market, recording revenue growth of 19% compared with 2025. The United States, the company’s second-largest market, grew by 19% at constant exchange rates compared with the previous year, while revenue in Europe increased significantly (+21%) compared with 2025.

The most important channels also posted double-digit growth rates. In the physical channels, Horeca and modern trade, performance was driven by the expansion of distribution and the increase in penetration. The online channel also grew significantly, thanks to established partnerships with the leading e-tailers and high consumer loyalty through loyalty and subscription programmes.

This article was translated from the original Italian version with the assistance of artificial intelligence. In case of discrepancies, please refer to the original Italian version.