Ferrero, consolidated turnover growing
Mar 23, 2018 8:41 am
744 million invested in plant and machinery
The Ferrero Group approved the consolidated financial statements as at 31st August 2017 with a turnover of 10.5 billion euro, with an increase of + 1.5% over the previous year, which had a consolidated turnover of 10.3 billion EUR.
The Group has supported the expansion of its production capacity, with total investments of 744 million euros (compared to 631 million euros of the previous year). On the total amount of investments, the most significant part was focused on property, plant and equipment (660 million euros compared with 552 million euros the previous year), mainly in Italy, Germany, Poland, Canada and Luxembourg.
The workforce as at 31 August 2017 amounted to 34,543 employees, an increase compared to 32,990 at 31 August 2016.
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