As Valentine’s Day sees cocoa prices soaring to record highs, one of the world’s largest confectionery giants, Ferrero Group, has announced a robust 8.9 percent increase in revenue for the 2023/2024 financial year. Ferrero financial results, released on February 13, 2025, shows turnover reaching €18.4 billion, highlighting its resilience in an increasingly volatile market. Climate concerns in recent years have seen the cocoa market struggle to keep prices down, and the need to maximise efficient use of the cocoa fruit, Ferrero continue on a positive financial trajectory.

Despite facing inflationary pressures and fluctuating commodity costs, Ferrero has continued its expansion and investment strategy. Over the past year, the group increased its total capital investment by 18 percent to €958 million, focusing on manufacturing sites in the United States, Italy, Germany, and Chile.

Daniel Martinez Carretero, chief financial officer at Ferrero Group, commented:

“We are pleased to report another strong year of growth, despite the challenges the industry is facing. Our commitment to innovation and manufacturing excellence ensures our brands continue to meet evolving consumer needs.”

Innovation and expansion drive growth

Ferrero’s success stems from its ongoing innovation in product development. Key highlights from the past year include:

• The launch of Nutella Ice Cream, marking the brand’s expansion into the frozen treats sector.
• The introduction of Kinderini biscuits, further strengthening Ferrero’s footprint in the biscuit category.
• The continued rollout of Eat Natural and FULFIL snack bars across Europe, tapping into the growing better-for-you segment.

To support its expanding product portfolio, Ferrero has also ramped up its manufacturing capacity. Notably, the group opened its first chocolate processing plant in the United States, a 70,000-square-foot facility in Bloomington, Illinois. This site produces chocolate for Kinder, Ferrero Rocher, Butterfinger, and CRUNCH and now includes a Kinder Bueno production line. Additionally, Ferrero has modernised its Stadtallendorf facility and expanded its hazelnut sourcing operations in Chile.

Navigating market challenges

Ferrero’s financial performance comes at a time when cocoa prices are hitting record highs due to supply chain disruptions and climate-related challenges in key producing regions. While rising cocoa costs could impact the broader chocolate industry, Ferrero’s diversified portfolio and strategic investments have helped maintain its growth trajectory.

As the company looks ahead, sustainability remains a key focus. Ferrero continues to strengthen its responsible sourcing initiatives and aims to have a positive impact throughout its value chain, ensuring long-term resilience in the face of economic uncertainty.

With innovation, expansion, and sustainability at its core, Ferrero remains well-positioned to navigate market challenges and sustain its growth in the global confectionery industry.