MILANO (AIMnews.it) – The partnership between Clabo and the Asian branch of Starbucks has started. The agreement for the supply of showcases, worth approximately $ 1.5 billion, was reached during the “2018 Barista Regional Area Championship & Functional Forum”, organised in Ho Chi Minh City at Starbucks Corp. Clabo developed 4 showcase models, with 2 variants per model, for a total of 8 versions. The marketing will begin by November, starting from Vietnam, Thailand, Cambodia, the Philippines and Singapore. “We are very satisfied with this agreement – Clabo’s Chairman, Pierluigi Bocchini, comments – because it is a sign that our strategy of bringing production closer to the sales markets, as well as maintaining the Italian design, is bearing fruit. The development of the relationship with Starbucks was on going for about 18 months, but in the end we managed to find an agreement that greatly satisfied both parties, whose value for Clabo Easy Best, when fully operational, could reach 1.5 million dollars per year. Now we hope to extend the collaboration also in other areas of the world, even if the Asian region has one of the highest new opening rates. “The agreement – adds Bocchini – comes at the end of a very satisfying semester for Clabo, which saw its consolidated revenues rise to almost 31 million euros, from 25 in the same period last year (+22%), and with a significant increase in EBITDA adjusted and the Net Result adjusted. Moreover, the NFP slowed down compared to March 31st, 2018 by over 2 million to 23.2 million.” This data are pro-forma. After the BoD’s meeting scheduled for September 14th, the complete data will be released.