Ferrero announces sales of 12.7 billion euros for the financial year 2021
The consolidated turnover of Ferrero International SA, the parent company of the Ferrero Group, amounted to 12.7 billion euros for its financial year 2021, up 3.4% compared to 12.3 billion euros. euros the previous year.
The group experienced growth in specific markets, including France, Germany and China, and consolidated its market shares in most regions.
Its brands Ferrero Rocher, Kinder Bueno, Kinder Joy and Kinder Chocolate saw growth during the year.
Additionally, the launch of new products, such as Raffaello ice cream, helped the group diversify into more markets.
The Ferrero Group comprises 107 companies and 32 manufacturing plants around the world, and sells its products directly as well as through distributors in over 170 countries.
The average workforce of the manufacturer Ferrero Rocher in 2020/2021 was 34,374 employees, compared to 34,121 employees in 2019/2020.
The workforce as of August 31, 2021 was 38,767 employees compared to 37,122 as of August 31, 2020.
In the 2020/2021 financial year, Ferrero acquired 100% of the issued share capital of Eat Natural, the UK manufacturer of cereal bars, toasted muesli and granola, with the aim of expanding the global footprint and the group’s product offering.
The group carried out several initiatives during the year, such as increasing investment in its brands, strengthening internal R&D activities and investing in and expanding its factories, plants and equipment.
As part of the group’s technological development strategy, it has increased its production capacity, with total investments amounting to 839 million euros. The main investment, amounting to 757 million euros, related to property, plant and equipment in Italy, Germany, the United States and Poland.
These investments represent the group’s ongoing approach to improving its products, as well as reducing the environmental impact of its production, the confectionery giant added.
© 2022 European supermarket magazine – your source for the latest A-Brands news. Article by Conor Farrelly. Click on subscribe register for ESM: European Supermarket Magazine.