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.
The net sales of finished products increased by almost 6% driven primarily by Germany, France and the USA.
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