The Ferrero Group approved the Consolidated Financial Statements as of and for the year ended August 31, 2019 with a turnover of 11.4 billion Euro

Ferrero International S.A., parent company of the Ferrero Group, approved the Consolidated Financial Statements as of and for the year ended August 31, 2019. At that date, Ferrero International S.A. consolidated 104 companies worldwide, with 31 operating manufacturing plants. The Group’s products are present directly or through authorised distributors in over 170 countries.

Besides the global uncertainties and the industry challenges and trends, the Group was able to improve its performance during 2018/2019. The Ferrero Group continued to boost investment in its iconic brands and maintain a high level of operating income as well as strengthen internal R&D activities.

The Group, of which Mr. Giovanni Ferrero is the Executive Chairman and Mr. Lapo Civiletti is the CEO, closed the financial year with a consolidated turnover of 11.4 billion Euro, with an increase of +6.2% compared to the previous year’s turnover of 10.7 billion Euro.

chơi bài trên người đàn ôngThe net sales of finished products increased by almost 6% driven primarily by Germany, France and the USA.

chơi bài trên người đàn ôngGOOD PRODUCTS, GOOD RESULTS

The products that led the growth in net sales of finished products were mainly Nutella?, Ferrero Rocher?, Kinder Bueno?, chilled and pure seasonal products. Moreover, net sales increased also because of the launch of new products such as Nutella Biscuits? and Kinder Cards? in some markets.

The Group's average workforce in 2018/2019 was 33,003 employees, increasing from 31,748 employees in 2017/2018. The headcount as of August 31, 2019 amounted to 36,372 employees, compared to 35,146 as of August 31, 2018.


For another consecutive year the Group continued to invest in improving and expanding its factories, plants and equipment in line with its entrepreneurial and social commitments, as part of its corporate strategies. Key corporate strategies led to ongoing improvements in the quality and competitiveness of the products portfolio, while paying close attention to product freshness, food safety and the environment, which remains an important commitment for the Ferrero Group.

The Group sustained its technological development strategy through the expansion of its production capacity, with total capital investments amounting to 663 million Euro. On the total amount of capital investments, the most significant part was focused on property, plant and equipment (580 million Euro), mainly in its plants located in Italy, Germany, Poland, Canada, France, Belgium and on the completion of the new headquarters building in Luxembourg.

In July 2019, Ferrero Group finalized the acquisition of selected cookies businesses from Kellogg Company. The acquisition included a strong portfolio of brands, such as the iconic cookies brand Keebler?, top selling on-the-go Famous Amos? cookies, the premium family cookie brand Mother’s?, and Murray? sugar free cookies, as well as Little Brownie Bakers? brand, maker of Girl Scout cookies.

In July 2019 Ferrero Group completed the acquisition of the controlling stake of Ice Cream Factory Comaker (ICFC) Group, a Spanish group operating in the production and distribution of private-label ice creams mainly to retailers and food service.

The effects of both acquisitions are fully reported into the Consolidated Balance Sheet as of August 31, 2019 in accordance with the applicable accounting standards.