Company 29 June 2026 · 4 min read
Coricelli strengthens its international growth
Over 78 million litres of oil sold: exports soar to 58%.
Pietro Coricelli, an olive oil company operating on the domestic and international markets under the Pietro Coricelli and Olio Cirio brands (the latter acquired in 2009), has closed the 2025 financial year, confirming the strength of its growth trajectory. The company recorded turnover of nearly 400 million euros, a performance achieved despite a context characterised by high volatility in raw material prices and a generally complex macroeconomic landscape.
The result achieved in terms of volume was particularly significant: in 2025, Coricelli sold 78.7 million litres of oil, up 25.3% on the 62.8 million litres sold in 2024, further strengthening its market presence.
According to market data, the extra virgin olive oil sector grew by 14.8 per cent in volume terms in 2025. Against this backdrop, Pietro Coricelli maintained its position as the market leader in extra virgin olive oil in Italy, with a 12.4 per cent share by volume (52S volume market share at the end of 2025 for the EVO Hyper and Super markets. Source: Nielsen IQ).
The family-run business, founded in Spoleto in 1939, has been led since 2018 by Chiara Coricelli, Chair and Chief Executive Officer, representing the third generation. Under her leadership, Pietro Coricelli has recorded steady growth, rising from a turnover of 116 million euros in 2018 to 389 million in 2025, whilst focusing on internationalisation, innovation and sustainability.
Internationalisation, in particular, has proved to be one of the most significant assets of the company’s business model. In 2025, in fact, exports accounted for over 58 per cent of total turnover, reaching a value of more than €226 million – a marked improvement on the 36 per cent recorded in 2024.
The United States remains the company’s main overseas market, accounting for over 43 per cent of total exports and generating a turnover of more than 98 million euros.
Throughout 2026, Pietro Coricelli will continue to focus on developing international markets, with particular attention to those areas most sensitive to issues of quality, traceability and product innovation.
“The results achieved in 2025 confirm the company’s ability to grow even in a climate characterised by significant market and raw material volatility,” said Chiara Coricelli, Chair and Chief Executive of Pietro Coricelli. “The increase in volumes, the consolidation of our leadership in the extra virgin olive oil sector and the growth in exports demonstrate the soundness of the strategic decisions taken in recent years. We will continue to invest in quality, in the value of being 100 per cent Italian, in innovation and in sustainability as key drivers for future development.”
In recent years, the company has launched a significant investment programme aimed at upgrading the production site in Spoleto and improving process efficiency, adopting a technologically innovative and sustainable approach. The programme, worth over 13 million euros, has covered the entire operational area of 100,000 m².
The company has carried out a major programme of improvements aimed at boosting production capacity, storage and internal logistics, improving energy efficiency and strengthening quality control.
Key investments that have been completed or are currently underway include: new storage facilities for 4,200 tonnes of extra virgin olive oil, the expansion of the warehouse for storing finished products, 20,000 m² of car parks, yards and internal roads, the expansion and modernisation of the laboratory, a new bottling line, and the installation of three photovoltaic systems which, taken together, have a total capacity of approximately 640 kWp.
This development programme confirms the company’s commitment to ensuring efficient, sustainable and state-of-the-art production processes, capable of supporting global growth and delivering high-quality products. Throughout 2026, investment will continue with further process optimisation and infrastructure improvements, confirming that the development of the plant is an ever-evolving project.
All financial performance reporting, together with information on Environment, Social & Governance (ESG) matters, is set out – for the fourth year running – in the 2025 Integrated Report, which also includes the Annual Report. The aim is to provide a comprehensive, measurable and transparent overview of the company’s operations.
Pietro Coricelli’s ESG Integrated Report can be viewed at the following link: Sustainability – Coricelli
