Connect with us

Technology

ILLY FIRST HALF 2024 RESULTS

Published

on

ALL INDICATORS SHOW GROWTH; EBITDA INCREASES BY DOUBLE DIGITS WITH STRONG MARGIN EXPANSION; NET PROFIT DOUBLES

Consolidated revenues of €289.1 million, up 3.8% at constant exchange rates compared to the first half of 2023, driven by all major markets and distribution channels EBITDA of €46.2 million, up 26.2% compared to 2023, with an EBITDA margin of 16.0%, up 2.9 percentage points compared to the same period in 2023 Net profit of €13.6 million, doubling compared to the same period in 2023 Net financial position of €144.8 million, up 16.8% compared to June 2023

TRIESTE, Italy, July 29, 2024 /PRNewswire/ — In the first half of 2024, illycaffè’s consolidated revenues amounted to 289.1 million euros, reflecting a 3.8% increase compared to the previous year, driven by growth in all main markets.

EBITDA stood at 46.2 million euros, up 26.2% from the previous year, due to organic revenue growth and increased operating efficiency within the Group. The EBITDA margin improved to 16.0%, a 2.9 percentage point increase from 2023. Net profit reached 13.6 million euros, doubling from 6.4 million euros in the first half of 2023, thanks to enhanced operating profitability. The net financial position was 144.8 million euros, showing a 16.8% improvement compared to the previous financial year, supported by positive operating profitability trends and effective working capital management.

Cristina Scocchia, CEO of illycaffè, commented:
“We closed the first half of 2024 with double-digit growth in all profitability indicators, driven by organic, sustainable, and profitable growth across all major markets. The United States, in particular, aligned with our strategic plan, significantly contributed to revenue expansion, with both home and out-of-home segments recording year-over-year increases. Despite the complex macroeconomic environment and ongoing volatility and upward trends in raw material prices, our results allow us to confidently approach the second half of the year and continue our investments in sustainable innovation and increased production capacity.”

All major markets showed growth in the first half of 2024 compared to 2023. The United States recorded a strong revenue increase of 11%, primarily supported by the Ho.Re.Ca. and e-commerce channels. All European markets also expanded compared to 2023, particularly Italy (+5%) and Spain (+21%).

From a channel perspective, growth was mainly driven by Ho.Re.Ca., supported by a positive rate of new customer acquisitions in the premium segment, Modern Trade through continuous distribution expansion, and e-commerce, bolstered by the recent launch of a new e-shop.

Based on the performance in the first half of 2024, illycaffè expects to continue growing revenues and profitability in the second half of the year, despite the ongoing complexity of the macroeconomic and geopolitical context.

About illycaffè
illycaffè is an Italian family business, founded in Trieste in 1933 and committed to offering the greatest coffee to the world. It produces the unique illy 100% Arabica blend made of 9 of the world’s best selections of Arabica, with a constant eye towards innovation. The bestowing of the first “Ernesto Illy Award for quality espresso coffee” in 1991 in Brazil and the “Ernesto Illy International Coffee Award” in 2016 symbolize its commitment to coffee growers, to whom illy pays a premium price for quality coffee. In 2019 it adopted Società Benefit status under Italian law, and in 2021 it became the first Italian coffee company to obtain B Corp international certification thanks to its commitment to abiding by the highest environmental and social performance standards. The company, which is present in over 140 countries, recorded consolidated revenues of €595.1 million in 2023.

Contact: illy@magrinopr.com

Logo – https://mma.prnewswire.com/media/1996837/illycaffe__illy__Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/illy-first-half-2024-results-302208648.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

TerraMaster Launches the New TNAS Mobile 3 with Various New Features for Efficient NAS Management

Published

on

By

SHENZHEN, China, Dec. 26, 2024 /PRNewswire/ — TerraMaster, a professional brand focusing on providing innovative storage products for families and businesses, launched new TNAS Mobile 3 application compatible with the latest TOS 6, introducing a host of new features and optimizations such as updated UI, TNAS Online and photo backup and one-touch initialization. With these improvements, the latest version of TNAS Mobile 3 ensures users enjoy a more convenient, efficient, and powerful NAS management experience, all from the palm of hands.

TNAS Mobile 3 New Features

Upgraded TNAS Online Management
Upgraded to TNAS Online 2, with a 500% speed improvement, providing smoother and more stable mobile access, ensuring seamless operation from anywhere.

One-Touch NAS Initialization
Users can now easily initialize the TNAS directly from mobile device. Simplified operation process for quick deployment and initialization of the TOS system.

Perfectly Compatible with TOS 6
Seamlessly integrates with the latest TOS 6 operating system, users can explore all features of TOS 6 on the mobile phone.

Optimized Overall UI and Photo Backup
The TNAS Mobile 3 app now boasts a cleaner, more intuitive interface for a smoother user experience. And the photo backup transfer process has been improved to increase efficiency and stability.

Media Index Management
The app also introduces a new media index management feature. Smart indexing for quick retrieval of media files on TNAS, offering the convenience of one-click activation across platforms.

User Management
A new user management feature has been added, allowing administrators to centralized manage and control user access more efficiently. Enable flexible allocation and control of permissions.

Shared Folder Management
The app now includes enhanced shared folder management. Users can easily create and edit shared folders with detailed control over access permissions.

Availability
TerraMaster new TNAS Mobile 3 V3.3.038 is now available for download and installation through Google Play Store and Apple App Store. More details, please visit:
https://www.terra-master.com/global/tnas-mobile3/.

Follow TerraMaster on social media:
Facebook: https://www.facebook.com/terramasterofficial
Twitter: https://twitter.com/TerraMasters
LinkedIn: https://bit.ly/3wKrjmr
YouTube: https://bit.ly/3dMXGIK
TikTok: https://www.tiktok.com/@terramaster_official  

About TerraMaster
TerraMaster is a professional brand that focuses on providing innovative storage products, including network attached storage and direct attached storage that has become increasingly popular in over 40 countries and regions. The brand has been developing storage technology for 10 years, addressing the needs of customers such as home users, small/medium businesses, and enterprises.

Contact:
Yuki Shi
+86 755 81798272
388067@email4pr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/terramaster-launches-the-new-tnas-mobile-3-with-various-new-features-for-efficient-nas-management-302339272.html

SOURCE TerraMaster

Continue Reading

Technology

Sapiens to Participate in the 27th Annual Needham Growth Conference on January 15, 2025

Published

on

By

ROCHELLE PARK, N. J., Dec. 26, 2024 /PRNewswire/ — Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced that Roni Giladi, Chief Financial Officer, is scheduled to participate in the 27th Annual Needham Growth Conference to be held at the Lotte NY Palace Hotel in New York City, January 14 – 16, 2025. Sapiens will host a group presentation on January 15, from 2:15 p.m.- 2:55 p.m. Eastern Daylight Time (EDT) in “Holmes 1″ and conduct one-on-one meetings the same day.

A webcast of management’s presentation can be found on the company’s IR website under the events section, at https://sapiens.com/investor-relations/. For more information about the conferences or to schedule a one-on-one meeting with Sapiens, please contact your Needham representative at the respective firm. The firms hosting the conference reserve the right to adjust a company’s meeting schedule, including its presentation time. It is recommended that participants confirm all meeting and presentation times with the conference organizers.

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent insurance software solutions. With Sapiens’ robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organizations with operational excellence in a rapidly changing marketplace. We help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers’ compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a longtime global presence, serving over 600 customers in more than 30 countries with its innovative SaaS offerings. Recognized by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success.

For more information visit https://sapiens.com or follow us on LinkedIn 

Media Contact
Yaffa Cohen-Ifrah
Chief Marketing Officer and Head of Investor Relations, Sapiens
Yaffa.cohen-ifrah@sapiens.com 

Investors Contact
Kimberly Rogers
Managing Director, Hayden IR
kim@HaydenIR.com 

 

Logo:  http://mma.prnewswire.com/media/585787/Sapiens_Logo.jpg

 

 

View original content:https://www.prnewswire.com/news-releases/sapiens-to-participate-in-the-27th-annual-needham-growth-conference-on-january-15-2025-302339281.html

SOURCE Sapiens International Corporation

Continue Reading

Technology

Pocamarket Named ‘Best K-POP Photocard Platform’ at 2024 KBS N Brand Awards

Published

on

By

SEOUL, South Korea, Dec. 26, 2024 /PRNewswire/ — Pocamarket, the pioneering K-POP photocard trading platform operated by Infludeo Co., Ltd., has received the prestigious ‘Best K-POP Photocard Platform’ award at the 2024 KBS N Brand Awards. The ceremony, organized by KBS N, a subsidiary of Korea’s national public broadcaster KBS (Korean Broadcasting System), recognizes outstanding brands for their excellence and industry impact.

Since its inception, Pocamarket has established itself as the trusted destination for K-POP enthusiasts seeking to trade photocards in a secure and streamlined environment. The platform’s commitment to fan experience extends to its physical presence through PocaSpot, an interactive retail space in Seoul’s vibrant Hongdae district. This innovative space serves as a hub for both domestic and international fans to acquire authentic photocards while experiencing Korean pop culture firsthand. Building on this success, the company has announced plans to launch its second PocaSpot location in Myeongdong during 2024.

The recognition underscores Pocamarket’s transformation from a specialized trading platform to a significant force in promoting global K-POP culture. As the international K-POP community continues to grow, Pocamarket maintains its position as an industry leader by delivering exceptional value and authentic experiences to fans worldwide.

“This recognition reflects the unwavering support and trust of our global fan community,” stated a Pocamarket representative. “We remain dedicated to developing innovative solutions that ensure a seamless and secure experience for K-POP enthusiasts everywhere. Our mission is to continue evolving alongside our users while fostering the growth of K-POP culture internationally.”

View original content to download multimedia:https://www.prnewswire.com/news-releases/pocamarket-named-best-k-pop-photocard-platform-at-2024-kbs-n-brand-awards-302339178.html

SOURCE Pocamarket

Continue Reading

Trending