The products that led the growth in net sales of finished products were Nutella, Ferrero Rocher, Kinder Joy, Kinder Bueno and Kinder Chocolate.
The Group's average workforce in 2017/2018 was 31,748, an increase from 30,305 employees in 2016/2017. The headcount as of August 31, 2018 amounted to 35,146 employees, compared to 34,543 as of August 31, 2017.
A GLOBAL REALITY
Ferrero International S.A., parent company of the Ferrero Group, approved the Consolidated Financial Statements for the year ended August 31, 2021.
The Ferrero 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 12.7 billion Euro, an increase of +3.4% compared to the previous year’s turnover of 12.3 billion Euro.
With this approval, Ferrero International S.A. consolidated 107 companies and 32 manufacturing plants worldwide, selling directly and via distributors in over 170 countries.
Despite the uncertainties caused by Covid-19, the Ferrero Group successfully adapted to the challenges coming from the pandemic. Prioritizing consumer and employee health and safety, the Ferrero Group has been able to demonstrate agility and resilience to guarantee operational continuity and delivering products to its consumers.
Organic growth (excluding the impact of the business combinations of the previous year) increased by 1.5% at current exchange rates.
GOOD PRODUCTS, GOOD RESULTS
IMPROVEMENT AND GROWTH
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.
On March 30, 2018 the Ferrero Group announced the acquisition of Nestlé USA's chocolate confectionary business. Some iconic American brands, such as Butterfinger®, BabyRuth®, 100Grand®, Raisinets®, and the exclusive right of Crunch® brand for the U.S. market became part of the Ferrero brand portfolio. The acquisition also included two manufacturing facilities in Illinois.
The Group sustained its technological development strategy through the expansion of its production capacity, with total capital investments amounting to 673 million Euro. On the total amount of capital investments, the most significant part was focused on property, plants and equipment (596 million Euro) mainly in Italy, Germany, Canada, Poland, and Belgium. The Group also continues to invest significant capital in Luxembourg for the construction of the new headquarter building.
On March 30, 2018 the Ferrero Group announced the acquisition of Nestlé USA's chocolate confectionary business. Some iconic American brands, such as Butterfinger®, BabyRuth®, 100Grand®, Raisinets®, and the exclusive right of Crunch® brand for the U.S. market became part of the Ferrero brand portfolio. The acquisition also included two manufacturing facilities in Illinois.
The Group sustained its technological development strategy through the expansion of its production capacity, with total capital investments amounting to 673 million Euro. On the total amount of capital investments, the most significant part was focused on property, plants and equipment (596 million Euro) mainly in Italy, Germany, Canada, Poland, and Belgium. The Group also continues to invest significant capital in Luxembourg for the construction of the new headquarter building.