March 22, 2018 / 6:34 PM / 8 months ago

Chocolate maker Ferrero reports 1.5 percent rise in revenue in 2017

Jars of Nutella chocolate-hazelnut paste is seen in this picture illustration taken October 22, 2017. REUTERS/Stefano Rellandini

MILAN (Reuters) - Nutella maker Ferrero said its revenue rose 1.5 percent in the fiscal year ended August 2017 to 10.5 billion euros ($13 billion), as sales growth in foreign markets compensated for a flat performance in Italy.

The family-owned company bought U.S. confectioner Fannie May last year and two other companies in North America to become the third-largest chocolate company in the United States.

($1 = 0.8123 euros)

Reporting by Francesca Landini; Editing by Susan Fenton

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below