The economic activities of the Melitta Group mainly focus on countries in the EU, Brazil, the USA/Canada, and Asia. In its January 2024 outlook, the International Monetary Fund forecast economic growth of 0.9% for the eurozone, 2.1% for the USA, and 1.7% for Brazil, as well as growth of 4.6% for China, and 0.6% for the UK in 2024. Total volume growth of around 2% is expected for the global coffee market.

For 2024, we anticipate further economic challenges due to the ongoing restraint in consumer spending. Together with the expected pressure from retailers, this could have an impact on our business development. We are tackling these challenges with prudent management of our contribution margins, a heightened awareness of cost efficiency, and a risk-conscious approach to capital expenditures. In 2024, however, we will also continue to work diligently on our innovations and business ideas, while expanding our portfolio, driving forward investments, and enhancing our structures and processes with regard to productivity, flexibility, and efficiency. At the same time, we intend to continue our transformation into a sustainability-oriented company.

Based on these assumptions, we expect slightly higher sales revenues, a slight increase in EBIT, and a moderately higher return on net capital employed for the full year 2024. Net financial debt is expected to be in the range of €200–220 million with a generally solid balance sheet structure and stable financial position once again. In view of its expected free cash flow in 2024 and available credit lines, the Group’s financing of capital expenditures, innovations, structures, and working capital is secured.

Minden, April 9, 2024

Melitta Unternehmensgruppe Bentz KG
General Partner