Ferrero spa, the holding company of the Italian activities of the Alba group, generated a profit for the year as at 31 August 2017 of 200 million euros. The company, which is about to make a big splash by taking over two billion for Nestlè chocolate bars on the US market, specifies that the net operating profits of the various legal entities of the group in Italy, including the holding company of the Italian activities Ferrero spa, "cannot be aggregated for the purpose of a comparison with the operating results of previous years, both for the corporate discontinuities that have occurred and for the time lags with which they were implemented".
During the 2016/2017 financial year - the note continues - Ferrero completed the corporate and corporate reorganization program aimed at creation of legal entities each focused on its specific role in the overall management of the business (Commercial, Industrial, Services), with the aim of achieving better operational efficiency and more accurate treatment of commercial and competitive issues on the Italian market.
