This is a history of success that has now entered its third generation. The history of the past, present and future of a brilliant and tenacious Italian family from the region of Piedmont stands proudly behind the brand name, its financial success and the expansion of a multinational company. That's not all. The Group has developed so successfully thanks to the extraordinary daily commitment from every member of its workforce.
Since its establishment, in 1946, the company has been driven by its passion for excellence and by employee dedication. A spirit of loyalty and professionalism is the foundation upon which our staff conduct their dealings with consumers, communities, institutions and business partners.
Ferrero International S.A., parent company of the Ferrero Group, approved the Consolidated Financial Statements of the Group as of and for the year ended August 31, 2017. At that date, the Group was consolidating 91 companies worldwide, with 23 operating manufacturing plants. The Group’s products are present directly or through authorised distributors in over 170 countries.
Besides the global uncertainties and the industry challenges and trends, the Group was able to consolidate and confirm its performance during 2016/2017. The Ferrero Group continued to boost investment in its iconic brands and maintaining a high level of operating income as well as strengthening internal R&D activities.
The 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 10.5 billion Euro, with an increase of +1.5% compared to the previous year, which reported a consolidated turnover of 10.3 billion Euro.