The Swiss automated coffee and food operator says a return to office working and the reopening of public spaces across Europe has helped it navigate a challenging economic environment in Europe
The removal of Covid-19 restrictions across Europe aided footfall to Selecta's self-serve coffee machines | Photo credit: Selecta
Selecta has reported strong second quarter, with the return of workers to offices driving revenue growth of 15% to €298.3m ($304m).
The company says that the removal of Covid-19 restrictions across Europe aided footfall to its self-serve coffee machines, with its fresh food micromarkets and smart fridge solutions expanding 45% across the region.
The Swiss automated coffee and food operator said that the division, known as Foodies, ended the period with 930 points of sale following several new client acquisitions. This includes Spain-based theme park operator Parques Reunidos, which manages theme parks, aquariums, zoos and water parks across Europe, North America and Australia.
Additionally, Selecta launched its first Foodies-On-The Go concept for air travel at East Midlands Airport in the UK in July 2022. The machine offers customers food and beverages using smart fridge technology, including self-serve hot beverages from Lavazza, Selecta’s coffee partner.
"Selecta’s focus on execution has delivered strong financial results and growth in Q2, despite an economic environment which turned increasingly difficult across Europe. We continue to focus on our One Selecta strategy to deliver our Foodtech solutions with world-class technology-enabled service to our clients,” said Joe Plumeri, Executive Chairman, Selecta.
Headquartered in Cham, Switzerland, Selecta operates We Proudly Serve Starbucks, Nescafé, Pelican Rouge, Lavazza and Miofino branded self-serve coffee machines across Europe. The company maintains a presence across workplaces, healthcare facilities, transport hubs, service stations, retail and leisure locations.
Selecta posted revenues of €1.04bn ($1.2bn) in 2021, an increase of 3.2% compared to the same period in 2020.