SHERIDAN, WYOMING – Feb. 13, 2025 – The Ferrero Group, a global confectionery leader, has announced strong financial results for the 2023/2024 financial year, demonstrating continued growth and innovation. Despite a challenging economic climate, the company reported an 8.9% increase in turnover, reaching EUR18.4 billion.
Financial Performance and Strategic Growth
The Ferrero Group's success is attributed to its robust business model, beloved brands, and dedicated workforce. The company, with 37 manufacturing plants worldwide and a global workforce of 47,517, navigated volatile commodity prices and inflationary pressures to deliver impressive results.
"We are pleased to report another strong year of growth for the Group, despite the continued headwinds the industry is facing," said Daniel Martinez Carretero, Chief Financial Officer at Ferrero Group. "Although the economic environment remains complex, our brands and products continue to perform well. This is testament to the way we continue to innovate our products to meet the changing needs of consumers. To spur this innovation on and to increase our manufacturing capabilities, this financial year saw us increase total capital investment by 18% on the previous period.”
Innovation and Category Expansion
Ferrero's commitment to innovation was evident in the launch of new products and the expansion into new categories. Notably, the company introduced Nutella Ice Cream, marking the iconic brand's first foray into the packaged ice cream market. This launch coincided with Nutella's 60th anniversary, further solidifying its legacy.
The company also expanded its presence in the biscuit category with the launch of Kinderini in key markets. Furthermore, the successful rollout of the Eat Natural and FULFIL brands into additional European markets highlights Ferrero's responsiveness to evolving consumer preferences and the growing demand for better-for-you options.
Investment in Manufacturing Capacity
To support its expanding product portfolio and geographic reach, Ferrero made significant investments in its manufacturing capabilities. Key highlights include:
- US Expansion: The opening of Ferrero's first chocolate processing plant in the United States, located in Bloomington, Illinois. This 70,000 square foot facility produces chocolate for leading brands like Kinder, Ferrero Rocher, Butterfinger, and CRUNCH, and now houses a new Kinder Bueno production line.
- Modernization Efforts: Modernization of the Stadtallendorf facility in Germany, enhancing operational efficiency and production capacity.
- Hazelnut Sourcing: Expanding hazelnut sourcing and processing capacity in Chile, ensuring a sustainable supply of this key ingredient.
Sustainability and Long-Term Vision
Ferrero's long-term growth strategy is underpinned by its commitment to sustainability and creating a positive impact across its value chain. The company's dedication to responsible sourcing, environmental protection, and social responsibility reinforces its position as a leader in the confectionery industry.
Looking Ahead
Ferrero's strong financial performance, innovative product launches, and strategic investments position it for continued success in the dynamic global market. The company's focus on meeting consumer needs, expanding its product offerings, and strengthening its manufacturing capabilities will drive further growth and solidify its position as a leading confectionery company.
For more information visit.