Nespresso brews up record Irish revenues of €33.5m

Company’s growth boosted by e-commerce and ‘ high demand from lockdown consumers’

Nespresso brewed up record Irish revenues last year as its sales soared by 34 per cent to £28.7 million (€33.5 million). Accounts for Nespresso UK Ltd show its Irish business outperformed the UK in terms of growth and recorded average weekly revenues of €645,612 here in 2020. Nespresso sales of £28.7 million last year followed sales of £21.43 million in 2019 – an increase of £7.27 million.

The directors said the coffee company’s growth was boosted by e-commerce along with “a high demand from lockdown consumers”.

The 2020 bumper performance has resulted in Nespresso UK proposing a dividend of £8.7 million which follows a dividend payout of £7.8 million in the prior year.

Nespresso’s flagship outlet is located on Dublin’s Duke Street and it also operates boutiques at Brown Thomas outlets.

In total, the Swiss-headquartered conglomerate, Nestle owned coffee maker operates seven outlets and employs 63 staff here.

Nespresso UK recorded pre-tax profits of £11.7 million in 2020 from its UK and Irish sales.

The Irish sales made up 10pc of total sales of £287.7 million across Ireland and the UK last year.