Nutella maker Ferrero reports 8.9% increase in revenues

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Nutella maker Ferrero reports 8.9% increase in revenues

//business-finance.news-articles.net/content/202 .. er-ferrero-reports-8-9-increase-in-revenues.html

Published in Business and Finance on Thursday, February 13th 2025 at 6:40 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Ferrero, the maker of the Nutella hazelnut spread, reported on Thursday an 8.9% increase in turnover in the financial year ending on August 31, to 18.4 billion euros ($19.2 billion), despite volatile commodity prices and inflationary pressures.

Ferrero, the maker of Nutella, reported an 8.9% increase in revenues for the fiscal year ending August 31, 2023, reaching 14 billion euros ($15 billion). This growth was driven by strong performances in Europe, Asia, and the Americas, with significant contributions from its Kinder brand, which saw a 17.5% revenue increase. Despite facing challenges like inflation and supply chain issues, Ferrero managed to expand its market share in key regions. The company also highlighted investments in sustainability and innovation, including the launch of new products and the expansion of its Kinder and Ferrero Rocher lines. However, the report also noted a slight decrease in profit margins due to rising costs, although overall profitability remained robust.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/retail-consumer/nutella-maker-ferrero-reports-89-increase-revenues-2025-02-13/ ]