Casa Ferrero, a stone’s throw from Luxembourg airport, houses the activities of the famous Italian confectioner. Photo: Matic Zorman/Maison Moderne/Archives

Casa Ferrero, a stone’s throw from Luxembourg airport, houses the activities of the famous Italian confectioner. Photo: Matic Zorman/Maison Moderne/Archives

The consolidated annual accounts of the Luxembourg company Ferrero International show a net profit of €751m in 2022, a 24% annual decline. The financial year was marked in particular by the health scare during the Easter holidays.

Ferrero International reported a net profit of €751m at the end of its 2022 financial year, which ended on 31 August, according to its consolidated results published in the trade and companies register on 21 February. The indicator shows an annual decline of 24%.

In a press release issued on 16 February, the Luxembourg-based multinational insisted on achieving a consolidated turnover of €14bn, an annual increase of 10.4%.

In its balance sheet, the multinational indicated that the American and Italian markets were the main contributors to its sales growth. However, the fiscal year was marked by a number of challenges such as geopolitical tensions, supply difficulties, soaring inflation, uncertainty and the recall of some Kinder products.

Closure of Arlon factory leaves mark

The last financial year was marked by the report of the , a few days before Easter. The case led to the of products manufactured near the Luxembourg border from supermarket shelves.

in the factory owned by the group’s Luxembourg company. The group comprises 109 companies and 32 production sites around the world. As of 31 August, the Ferrero Group employed 41,441 people, a year-on-year growth of 7%.

The annual accounts of Ferrero International indicate that the net profit for the year is allocated to the company's reserves. It should be noted that the Schenkenberg holding company owned by the Ferrero family paid out €765m in dividends for the past year.

This story was first published in French on . It has been translated and edited for Delano.