Ferrero reports an increase in turnover and profit

The Group, of which Giovanni Ferrero is the Chief Executive Officer, closed the financial year with a consolidated turnover of € 8.4 bn, indicating an increase of 3.9% from the previous period, which closed with a total of € 8.1 bn.The Group’s result this year, against a substantially stable operating income, presents an improved financial result, with a profit before tax of € 907 m (+14.2% compared to last year). The new investments made by Ferrero during the last financial year came to € 537 m, of which € 458 m (5.4% of sales) was used to strengthen the Group’s industrial and production activities, mainly in Italia, Germany, Canada, India, Brazil, Mexico and China.

The Group was comprised of seventy-four consolidated companies, with twenty production plants, of which three operate within the framework of the Social Enterprises. Ferrero products are present directly or through authorised distributors in over 160 countries. Despite the difficulties faced internationally, this growth is the result of an extraordinary dynamism in the development of new markets: the sales of Ferrero products have matched and in some cases even improved from previous years’ results in Asia, Russia, United States, Canada, Brazil, Mexico and Turkey. The markets of the Middle East are also in a phase of strong growth. The results achieved in the core markets of the UK, Poland and Germany were good and in some cases excellent.