Ferrero Sees Italian Sales Increase, Driven By Nutella, Kinder
Confectionery giant Ferrero’s Commerciale Italia division, which is responsible for sales and distribution in the business’ home market of Italy, saw sales rise 6.7% to €1.7 billion in the year to 31 August 2023, driven by strong demand for products such as Nutella and Kinder.
Operating profit in the division amounted to €52.3 million, up from €32.6 million a year earlier. Volume sales were unchanged, year-on-year.
Ferrero also invested €142 million into its four Italian factories (at Alba, Pozzuolo Martesana, Sant’Angelo dei Lombardi, and Balvano) over the past year.
Ferrero Group operates in Italy through four companies – Ferrero Commercial Italia (distribution and sales), Ferrero Industriale Italia (processing and transformation of raw materials into finished products), Ferrero Management Services Italia (administrative, finance and personnel management), and Ferrero Technical Services (technical and IT activities) – which together reported a combined turnover of close to €3 billion last year.
At a global level, Ferrero generates sales of more than €14 billion per year.
Related news
Mixed Results For Carrefour In Italy And Brazil
Carrefour Italia reported sales of €1.77 billion in the first…
Read more >Italy is still popular with tourists this year – more expensive, but worth it
Although prices have risen, Italy remains one of the most…
Read more >Gruppo Megamark Unveils €180m Investment Plan
Italian regional grocery retailer Gruppo Megamark is investing €180 million…
Read more >Related news
GVH: margin reduction reduced prices, OKSZ disputes the effect
According to the Hungarian Competition Authority (GVH), the margin cap…
Read more >OKSZ has spoken out regarding the extension of the margin freeze
Viktor Orbán announced the extension of the margin freeze. The…
Read more >The government has extended the margin freeze
Viktor Orbán announced in the Facebook group Harcosok Klubja that…
Read more >