Profit of 443 million euros in the 2012 financial year (in August) for Ferrero International, the Luxembourg parent company of the Alba group, almost half compared to the 814 million of the previous year, which had benefited from a mega-dividend from the subsidiary in Europe of the East. As can be seen from the documents filed in the Grand Duchy, the shareholders' meeting of 13 December last decided to distribute a dividend of 400 million, after the 2011 profit had been distributed in full.
During 2012, the group received dividends from subsidiaries for 421 million, against 950 million in 2011, explains the annual report, and the decrease is linked to the "significant amount of the dividend paid in 2010-2011 by Ferrero Middle and Eastern Europe GmbH".
The group, which owns over 30 subsidiaries around the world including Ferrero Spa, has 4,3 billion in assets. Last year the investments in Ferrero Inc, Ferrero India Private, Ferrero UK and Ferrero Ithemba (South Africa) were written down by 34 million, while the investment in Ferrero de Mexico was increased by 30 million.
In July, the Luxembourg-based Ferrero Financial Services, which had been established in 2009, was liquidated. The board of directors of Ferrero International includes Maria Franca and Giovanni Ferrero, Francesco Paolo Fulci, Nunzio Pulvirenti, Fabrizio Minneci and Jorge de Moragas.
