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Ferrero International: turnover up to 8,1 billion and profit down 9,5%

Ferrero International SA has approved the consolidated financial statements for the year ended August 31, 2013 – Revenues, equal to 8,1 billion euros, are up by 5,6% compared to the previous year, while profit drops by 9,5%.

Ferrero International: turnover up to 8,1 billion and profit down 9,5%

Ferrero International SA, sparent company of the Ferrero Group closed the last financial year ended August 31, 2013 with a consolidated turnover of 8,1 billion euros, up by 5,6% rcompared to the previous period and profit before tax of 795 million, down by 9,5% due to a worsening of the financial result, the result of the exchange rate turbulence and an operating result on the rise.

The previous year ended with a revenue of 7,67, a figure reclassified following slight accounting changes between discounts and some marketing cost items.

The Ferrero group is made up of 73 consolidated companies, with twenty production plants, three of which operate in the context of social enterprises that serve over one hundred end markets.

 New investments made by Ferrero in the last financial year amounted to 525 million, of which 473 million (5,8% of sales) aimed at strengthening industrial and production activities, particularly in Germany, Italy, Poland, Canada, Russia , Mexico, Turkey and Brazil.

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