THE FERRERO GROUP APPROVES THE CONSOLIDATED FINANCIAL STATEMENTS 2021/22

Ferrero International S.A., parent company of the Ferrero Group, approved the Consolidated Financial Statements for the year ended August 31, 2022. 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 14 billion Euro, an increase of +10.4% compared to the previous year’s turnover of 12.7 billion Euro. 
 
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. 
 
The fiscal year 2021/2022 was marked by a challenging economic and geopolitical environment. The Group was able to grow despite these challenges thanks to the resilience of its people, brands and business model. 
 
Iconic 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 Ferrero Group finalized the acquisition of FULFIL Nutrition, a high-quality vitamin and protein bar company. The acquisition is part of the Group’s 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 Ferrero Group continued to increase investments in its iconic brands and strengthen its internal R&D. The Group also expanded its production capacity activities to meet consumers’ increasing demand for Ferrero’s products, with total capital investments amounting to 830 million Euro – the main investments being property, plant and equipment (733 million Euro), for its plants in Italy, the USA, Germany and Poland. 
 
These investments represent the Group’s continuous approach to improving the quality, freshness and food safety of its products while maintaining its competitiveness and reducing the environmental impact of its production. 
 
Luxembourg, 16th February 2023