Ferrero China

BUSINESS

 

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, 2015. At that date, the Group was consolidating 78 subsidiaries worldwide, with 22 operating manufacturing plants, of which three operating within the framework of the Social Enterprises. Ferrero products are present directly or through authorized distributors in over 160 countries.

The Group, of which Mr. Giovanni Ferrero is the Chief Executive Officer, closed the financial year with a consolidated turnover of 9,542 million Euros, indicating an increase of +13.4% compared to the previous year, which reported a consolidated turnover of 8,412 million Euros. Despite the well-known difficulties in the international scene, this growth reflected exceptional dynamism in the development of new markets: sales of Ferrero products confirmed and, in some cases improved on, the outstanding results achieved in recent years in Asia, Middle East, the United States, Canada, Mexico and Australia.

The Group's average workforce in 2014/2015 was 25,784, increasing yet again from 24,836 employees in 2013/2014. The headcount as of August 31, 2015 amounted to 33,219 employees (including acquired companies), compared with 27,457 as of August 31, 2014. When also including external collaborators, the total reaches 40,721 people.

Ferrero China