Cibi e Bevande
Ferrero Group reports Consolidated Financial Statements for the 2022/2023 Financial Year
said Daniel Martinez Carretero , Chief Financial Officer at Ferrero Group.
At the end of January 2023 , the Group completed the acquisition of Wells Enterprises Inc., its operations, and its strong portfolio of iconic brands, which include Blue Bunny®, Blue Ribbon Classics®, Bomb Pop® and Halo Top®. The acquisition is part of the Ferrero Group's strategic growth ambition to expand its business in North America and in the ice cream category. The deal also included four US manufacturing facilities, located in the states of Iowa , Nevada , and New York .
At the end of March 2023 , the Group also finalized the acquisition of Fresystem Group, an Italian family-owned business that produces frozen bakery products. The acquisition is part of Ferrero's strategic growth plans and follows the launch of Nutella Muffins, which have been produced by Fresystem since 2021.
Innovation remains at the core of our DNA to support the growth of Ferrero's most iconic brands, expanding their presence into new categories of the Sweet Packaged Food arena, thus meeting new consumer needs. This was exemplified in the 22/23 fiscal year by the introduction of new Kinder, Rocher, and Raffaello references within the Ice Cream segment across Europe, and the successful roll out of Nutella Biscuits and Nutella B-ready in the United States .
The Group has expanded its production capacity to meet increasing demand for Ferrero's products. This financial period saw total capital investments of EUR 811 million – the main investments were property, plant and equipment in Italy , the United States , Germany , and Spain .
With the Group's long-term approach to growth under the leadership of Executive Chairman Giovanni Ferrero , comes an always-on attention to sustainability. The Group sustainability strategy is focused on four key pillars: protecting the environment, sustainably sourcing high-quality ingredients, promoting responsible consumption, and empowering people.
Ferrero began its journey as a pastry shop in the small town of Alba in Piedmont, Italy , in 1946. Today, it is one of the world's largest sweet-packaged food companies, with much loved brands sold in more than 170 countries. The Ferrero Group brings joy to people around the world with much-loved products including Nutella®, Kinder®, Tic Tac®, and Ferrero Rocher®.
About 47,000 employees are passionate about helping people celebrate life's special moments. The Ferrero Group's family culture, now in its third generation, is based on dedication to quality and excellence, heritage and a commitment to the planet and communities in which we operate.
For more information, please visit www.Ferrero.com
Contact: group.communications@ferrero.com
From 1 September 2022 to 31 August 2023
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