Parsippany, NJ — Ferrero International S.A., parent company of the Ferrero Group, has approved the Consolidated Financial Statements for the year ended August 31, 2022.
The group closed the financial year with a consolidated turnover of €14 billion, an increase of 10.4 percent compared to the previous year’s turnover of €12.7 billion.
With this approval, Ferrero International S.A. consolidated 109 companies and 32 manufacturing plants worldwide, selling directly and via distributors in over 170 countries. Meanwhile, the group’s average workforce in 2021-2022 was 36,756 employees, increasing from 34,374 employees in 2020-2021. The headcount as of August 31, 2022 amounted to 41,441 employees, compared to 38,767 as of August 31, 2021.
Brands such as Nutella, Ferrero Rocher, Kinder Bueno and Kinder Joy achieved net sales growth, driven by the USA and Italy, accompanied by the consolidation of market shares in most of the regions.
At the end of June 2022, the group finalized the acquisition of FULFIL Nutrition, a high-quality vitamin and protein bar company. The acquisition is part of a strategy to expand in the better-for-you market segment, meeting the evolving needs and trends of consumers. FULFIL Nutrition has direct sales in the UK and a distribution network in Ireland as well as other European and Asia Pacific markets.
To fuel innovation, the company continued to increase investments in its brands and strengthen its internal R&D. It also expanded its production capacity activities to meet consumers’ demand for Ferrero’s products, with total capital investments amounting to €830 million — the main investments being property, plant and equipment for its plants in Italy, the USA, Germany and Poland.