The Ferrero Group approved the Consolidated Financial Statements as of and for the year ending August 31, 2015 with a turnover of 9.5 billion Euros.
Ferrero International S.A., parent company of the Ferrero Group, approved the Consolidated Financial Statements of the Group as of and for the year ending August 31, 2015. At that date, the Group was consolidating 78 subsidiaries worldwide, with 22 operating manufacturing plants, of which three operating within the framework of the Social Enterprises. Ferrero products are present directly or through authorised distributors in over 160 countries.
The Group, of which Mr. Giovanni Ferrero is the Chief Executive Officer, closed the financial year with a consolidated turnover of 9,542 million Euros, indicating an increase of +13.4% compared to the previous year, which reported a consolidated turnover of 8,412 million Euros.
Despite the well-known difficulties on the international scene, this growth reflected exceptional dynamism in the development of new markets: sales of Ferrero products confirmed and, in some cases improved on, the outstanding results achieved in recent years in Asia, Middle East, the United States, Canada, Mexico and Australia.
The sales achieved in some European markets such as the UK, Poland and Germany have been excellent. The main Latin markets (in Europe and South America) showed good recovery, with the exception of Italy, which remained essentially flat. The Russian market was seriously affected by the rouble's hefty devaluation.
GOOD PRODUCTS, GOOD RESULTS
A CONSOLIDATED PRESENCE IN THE HAZELNUT WORLD