The Ferrero Group approved the Consolidated Financial Statements as of and for the year ended August 31, 2017 with a turnover of 10.5 billion Euro
Ferrero International S.A., parent company of the Ferrero Group, approved the Consolidated Financial Statements of the Group as of and for the year ended August 31, 2017. At that date, the Group was consolidating 91 companies worldwide, with 23 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 consolidate and confirm its performance during 2016/2017. The Ferrero Group continued to boost investment in its iconic brands and maintaining a high level of operating income as well as strengthening 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 10.5 billion Euro, with an increase of +1.5% compared to the previous year, which reported a consolidated turnover of 10.3 billion Euro.
The sales of finished products increased by 2.2% (2.5% at constant rates) driven by European markets such as Germany, Poland, UK and the eastern European countries, while Italy and France remained flat. Within the American countries, the USA, Canada and Mexico recorded the higher increase in net sales.
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