Ferrero continues to grow in Italy
Turnover 2020 of 1.52 billion (+3,5%)
Ferrero Spa and the four subsidiaries in Italy have communicated the results of the management trend over the period 1 September 2019 - 31 August 2020. The main subsidiary, Ferrero Commerciale Italia Srl, recorded an increase in sales on the national market by 3,5% in value, with a turnover of 1,527.1 million euros and an operating profit of 36.3 million, up by 1.2 million. A note explains that the performance of sales (sell-out) on the national market (modern distribution, traditional and discount stores) of all Ferrero products was characterized by growth in both value and volume, with relative increases in the shares of market. The contribution of the Nutella brand was fundamental for this result, both with the classic spreadable cream and with the new Nutella Biscuits.
Coming to the other numbers concerning the Italian activities (the international ones are consolidated in the financial statements of the Luxembourg holding), Ferrero Industriale Italia Srl, active through the 4 Italian plants of Alba, Pozzuolo Martesana, Balvano and Sant'Angelo dei Lombardi, in the processing and transformation of raw materials in finished products as well as in the management of relationships with subcontractors and quality controls, it achieved a turnover of 678.1 million Euros (+ 8.9% Vs 31 August '19) and a profit for the year of 50.7 million euros, an increase of 7 million euros. Ferrero Management Services Italia Srl (administrative, finance and control, legal and personnel management services) achieved a turnover of 64.8 million Euros (-1% vs 31st August 19) and a profit of year of 1.7 million euros in line with the previous year.
The latest subsidiary, Ferrero Technical Services Srl, active in the performance of technical and IT activities, in the provision of engineering services, packaging development, organization and coordination of documentary processes and development of production systems has achieved a turnover of 206.1 million euros (-30% vs 31st August '19) and a profit for the year of 13.2 million euros, down by 5.7 million euros.
The holding of the Italian activities, Ferrero Spa, generated an operating profit of 223.3 million euros (+1.1 million euros). In terms of productive investments, the company confirmed its commitment in the Italian context by investing 125 million euros in tangible assets through Ferrero Industriale Italia. Looking at the last 10 years of activity in the national perimeter alone, the investments made by the Ferrero Group in the area amounted to 1.2 billion euros in Italy.
EFA News - European Food Agency