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Icam Cioccolato, 5 consecutive years of growth

The trend is confirmed also in the 2020 fiscal year

Turnover reaches 177 million euros (+15 million on 2019)

Icam Cioccolato, a Lombard company engaged in the production and marketing of chocolate and cocoa semi-finished products, is leaving behind a 2020 with out-of-the-ordinary performance. With a turnover of 177 million euros (+15 million on 2019), the company confirms also for 2020 the positive trend characterized by 5 consecutive years of success (+ 42 million euros since 2015), "built on the strategic choices that 75 years characterize the Lecco-based company, not least the multi-channel, the Bio and the ethical approach", says a press release. "After the outbreak of the health emergency we never expected to end the year with these numbers", declares Angelo Agostoni, president of the Group. "Results that, despite the dramatic situation that the whole world is experiencing, reward us with enormous efforts made during this terrible year".

In fact, the year just ended saw a 4% increase in the quantity of cocoa beans purchased (24 thousand tons), of which 65% is made up of Bio and Fair Trade cocoa, for a production that involves 3 main business areas: industry (+ 7% compared to 2019, equal to 45% of the turnover mix), the proprietary brands (Vanini, Icam Professionale and Agostoni) which, due to the pandemic, recorded a decrease (reducing the share from 15% to 12% in the turnover mix) and growth marked by the private label area which recorded + 19% on turnover, consequently increasing the share in the turnover mix from 39% to 43%.

If in Italy there have been record consumption of flour, yeast and products for the home bakery to satisfy the desire to knead, bread and independently produce pasta, bread, pizza and desserts at home, in countries such as France, England and the United States, where chocolate is considered almost as an essential “safe haven” on the shopping list, a large increase in the consumption of this food has been recorded, with a particular focus on organic chocolate. This trend also contributed to Icam's strong export growth, which at the end of the year stood at + 16% compared to 2019 (bringing the share in the mix of company turnover to 62%). This increase was generally recorded in most of the 69 countries in the world where the company sells and distributes chocolate products.

Today the Group buys cocoa from 21 different countries in Central America, Latin America and Africa and in most of these countries there are long-term collaboration agreements with the cooperatives present in the area. A commitment that is also replicated within the Italian production plant (in Orsenigo), protagonist over the years of important investments for the purchase of cutting-edge machinery in technological innovation, and in the sustainable choices of materials for packaging, as well as in the objectives of limiting water and electricity consumption.

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EFA News - European Food Agency