Ferrero, the sweets group’s turnover soars to 17 billion

The 2022-2023 financial year of the Ferrero confectionery group leaps by more than 20% to reach 17 billion euros, “supported – we read in a note – by both organic growth and acquisitions, continuing the growth strategy led by the executive president, Giovanni Ferrero, and performed by CEO Lapo Civiletti”.

In January 2023, the Alba group had acquired Wells Enterprises with four factories and its brands including Blue Bunny and Halo Top, with a focus on North America and in particular the ice cream segment.

“Despite the year characterized by a complex economic and geopolitical context, the Ferrero group – continues the press release – was able to continue its solid growth and consolidate its market share in all categories and in all geographies thanks to the resilience of its people, its brands and its business model. Ferrero’s production plants worldwide as of 31 August 2023 were 37 compared to 32 the previous year, while the group’s global workforce was 47,212 employees, compared to 41,441 as of August 31, 2022” an increase of 14%.

The company then declared that it had made investments of 811 million euros to increase production capacity: between plants and machinery, they concerned Italy but also the USA, Germany and Spain. “Innovation – specifies the press release – remains at the center of the company’s DNA, in order to support the growth of Ferrero’s most iconic brands, expanding their presence in new categories of the sweet packaged food market segment, thus satisfying new needs of consumers”.