Illy Group launches new projects

To counter Donald Trump’s protectionist trade policies, Illy is looking at the possibility of starting up coffee and chocolate production in the United States, its second largest market after Italy, where it is present with 22 retail outlets.

The Group, which is set to approve its 2016 financial statement with a consolidated turnover of 460 million euros (5.3% up on 2015), 7% growth in EBITDA and a net financial position of 115 million euros, also intends to increase the production of Brunello di Montalcino wine on its Mastrojanni estate. Negotiations are under way for new acquisitions in the Montalcino area.

In 2016 Mastrojanni produced 113,000 bottles and generated a turnover of 2 million euros, 64% from exports.