Ferrero International S.A., parent company of the Ferrero Group, approved the Consolidated Financial Statements for the year ended August 31, 2020. 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 12.3 billion Euro, an increase of +7.8% compared to the previous year’s turnover of 11.4 billion Euro.
With this approval, Ferrero International S.A. consolidated 105 companies and 31 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