The FerreroGroupcontinuesitsgrowthtrajectorywithan8.9%increaseinturnovertoEUR18.4 billion.

Continued innovation across new products and categories including the launch ofNutellaIce Cream in the same year the brand turns 60 years old.

Total capital investment for the financial year saw an increase of 18% to EUR958 million including in the United States,Italy,Germany and Chile.

LUXEMBOURG,Feb. 13,2025 --The Ferrero Group,through its holding company Ferrero International S.A.,approved the Consolidated Financial Statements for the 2023/2024 financial year,which ended on August31,20241. The Group closed the financial year with a consolidated turnover of EUR18.4 billion,an increase of 8.9% compared to the previous year,thus continuing the growth strategy driven by Executive Chairman GiovanniFerrero and executed by Chief Executive Officer Lapo Civiletti.

The 2023/2024 financial year was again marked by a challenging economic environment,with volatile commodity prices and continued inflationary pressures. Despite this,the Ferrero Group continued its strong growth thanks to the resilience of its people,brands and business model. Ferrero maintains its global presence,with 37 manufacturing plants,and ended the financial year with a global workforce reaching 47,517 as of August 31,2024.

Daniel Martinez Carretero,Chief Financial Officer at Ferrero Group,said: "We are pleased to report another strong year of growth for the Group,despite the continued headwinds the industry is facing. Although the economic environment remains complex,our brands and products continue to perform well. This is testament to the way we continue to innovate our products to meet the changing needs of consumers. To spur this innovation on and to increase our manufacturing capabilities,this financial year saw us increase total capital investment by 18% on the previous period."

The Group's continued product innovation has enabled further expansion across categories,including ice cream and biscuits. Highlights in the 2023/2024 financial year include:

- the launch of Nutella Ice Cream,the first packaged ice cream by the brand,driving the continued growth of the ice-cream category;

- further expansion into the biscuit category with the launch of Kinderini in key markets;

- the successful rollout of Eat Natural and FULFIL brands into further European markets,illustrating how the Group is meeting changing consumer trends and the growth of the better-for-you category.

To support the portfolio and geographic expansion,the Group is working hard to increase its manufacturing capacity. Highlights include:

- the opening of the Group's first chocolate processing plant in the United States. The new 70,000 square feet facility in Bloomington,Illinois produces chocolate for Ferrero leading brands in North America,including Kinder,Ferrero Rocher,Butterfinger,and CRUNCH,and now house a new Kinder Bueno production facility;

- modernization of our Stadtallendorf facility;

- building out our hazelnut sourcing andprocessingcapacity inChile.

The Group's long-term growth strategy continues to be guided by our commitment to sustainability and having a positive impact throughout the value chain.

1 From1September2023to31August2024.

AboutFerrero Group

Ferrerobegan itsjourney as a pastry shop in thesmall town ofAlba inPiedmont,in1946.Today,it isoneoftheworld'slargest sweet-packagedfoodcompanies,withmuchlovedbrandssoldinmorethan 170 countries. The Ferrero Group brings joy to people around the world with much-loved products including Nutella®,Kinder®,Tic Tac®,and Ferrero Rocher®.

About47,000 employeesarepassionateabouthelpingpeople celebratelife'sspecial moments.The Ferrero Group's family culture,now in its third generation,is based on dedication to quality and excellence,heritage and a commitment to the planet and communities in which we operate.

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