Ferrero grows in Italy by 6.7% and invests 142 million in the 4 Italian factories

Ferrero is growing in Italy, to 1 billion and 756.6 million in 2023 (from August to August), 6.7% more revenues than the previous year. The turnover of Ferrero Commerciale Italia confirms, the Group writes in a note, “the centrality of Italy in terms of industrial development”, with a total of 142 million euros invested during the financial year, in line with the previous financial year, in the four Italian production hubs. The operating profit reached 53.2 million euros compared to 32.6 on 31 August 2022.

The workforce also grew by 235 units, 3.5% in percentage terms. The Italian branch of the giant led by Giovanni Ferrero has a total of 6,927 employees, aggregating the data of Ferrero Spa and the four subsidiaries. About 6 thousand of them received the 2,400 euro productivity bonus last autumn.

The data on the performance of sales on the national market was conditioned by the inflationary dynamics of the increase in prices and recorded growth in value while stability in volume was recorded. «The contribution of the “chocolate confectionary” segment is decisive again this year and the commercial moments linked to occasions and anniversaries are particularly positive» explains Ferrero in a note. The performance of Nutella and snacks was also good, with an important contribution from Estathè and Ice Cream, which grew significantly compared to the market thanks to the performance of Kinder Chocolate Ice Cream.

Ferrero Industrial, the branch which controls the processing and transformation of raw materials in Alba, Pozzuolo Martesana, Balvano and Sant’Angelo dei Lombardi, achieved a turnover as of 31 August 2023 of 805.7 million euros (+ 7.7%) and a profit of 56.5 million (down compared to 67.3 million euros as of 31 August 2022).