Ferrero SpA, the Italian unit of confectionery giant Ferrero Group, ended the 2015-2016 year with a total turnover of €2.67 billion.
In Italy, sales during the period September 2015 to August 2016 grew by 0.5% in value, reaching a turnover of €1.41 billion, while exports increased by 2% in value, to €915 million.
The year was characterised by a process of reorganisation which saw the establishment of four new legal entities, which will be assigned specific roles in business operation. The goal is to align the corporate structure and intercompany transactions with the model of the Group while, at the same time, achieving a better understanding of economic performance and an improved operational efficiency in the medium term.
The changes to the corporate structure do not allow a comparison with the budget figures of last year.
During the year, Ferrero SpA invested €24.6 million, taking the total invested in Italy in the last nine years to over €900 million.
Net profit, which is also not comparable to that of the previous year, amounted to €201 million, with an EBITDA margin of 7.5%.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Branislav Pekic. To subscribe to ESM: The European Supermarket Magazine, click here.
