Nutella maker Ferrero reports 8.9% increase in revenues
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FILE PHOTO: Jars of Nutella are displayed on a shelf in a supermarket in Sarajevo, Bosnia and Herzegovina October 29, 2024. REUTERS/Dado Ruvic/File Photo
MILAN (Reuters) - 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.
The group, founded in Italy and headquartered in Luxembourg, said that it had increased its investments by 18% in the past financial year to increase manufacturing capabilities and expand across categories, including ice-creams and biscuits.
($1 = 0.9595 euros)
(Reporting by Elisa Anzolin, editing by Alvise Armellini)
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