Food

CTH Invest, Ferrero's confectionary empire grows to 3.25 billion with acquisitions and global innovations

Consolidated balance sheet for the Ferrero Group's second holding company, CTH Invest, which recorded revenue growth of almost 10% in one year

by Filomena Greco

25 February 2026

3' min read

Translated by AI

Versione italiana

3' min read

Translated by AI

Versione italiana

Second consolidated financial statements for the CTH Invest Group, through the Belgian holding company CTH Invest, a subsidiary of the Ferero Group, closed on 31 August 2025, with a turnover of EUR 3.25 billion, up 9.9% year-on-year. CTH Invest includes Ferrara Candy Company - an important asset acquired by the Group led by Giovanni Ferrerro in the US - Fine Biscuits Company and Fox's Burton's Company.

The gross margin, the Group points out in a note, 'reached EUR 1.1 billion, reflecting the Group's solid operating base and the effectiveness of its development and portfolio management strategies'. Operating profit amounted to EUR 102 million, marking a clear improvement over the previous year.

"Growth," is the analysis, "was fuelled by a solid organic performance, supported by portfolio innovation and strategic acquisitions. Ferrero in particular saw a boost in innovation with the expansion of new formats - NERDS® Gummy Clusters, the SweeTARTS®, Lemonhead® and Spree® assortments - as well as seasonal launches - BRACH'S® Candy Corn Suite.

Fox's Burton's Company, another Ferrero stronghold in the biscuit business with roots in the UK market, continued to consolidate its path of innovation by launching the only chocolate chip sandwich biscuit in the UK (Maryland® S'wich) and enhancing the Fox's® Chocolately masterbrand to tap into the 'Dubai style' chocolate trend. The company also introduced Rocky® Stack'd, the first sandwich bar in the brand's history.

Ferrero's second major asset in the world of biscuits, Fine Biscuits, still rooted in the European market, with the Délichoc® line, has pinned its efforts to renew the brand, 'concentrating its innovation plan on initiatives designed to strengthen its attractiveness, particularly with a young target'. Fine Biscuits Company, says the Group, continued to invest in upgrading its industrial infrastructure, 'expanding and modernising production capacity to support sustainable growth'.

The acquisition of Nonni's Bakery in the US was finalised on 1 October 2024, while the acquisition of CPK Group, a French biscuit manufacturer whose portfolio includes iconic brands such as Carambar, Lutti, Krema, Poulain, Vichy and Terry's, was announced. "The transaction brings together historic brands, characterised by strong consumer ties and a long tradition of quality."

"During the financial year, we recorded solid growth, strengthened our leadership in the sugar and premium biscuits categories and expanded our presence and offering in key markets," underlined Guido Giannotta, director of CTH Invest S.A. "The performance of the CTH Invest Group," he added, "highlights the Group's solidity in a fast-changing competitive environment, demonstrating financial resilience supported by a strong ability to generate liquidity and offering margins to continue investing in sustained growth.

In addition to revenue growth, Giannotta notes, 'we have expanded our production capacity and global workforce, strengthening the Group's strategic ambition and long-term vision. As of 31 August 2025, the Group had 28 production facilities spread across four continents, with an average global workforce of 14,004 employees, excluding employees of the CPK Group, an asset that will be consolidated in the next financial statements.

CTH Invest owns Ferrara's and Nonni's in the United States, Fox's and Burton's Biscuits in the United Kingdom, Fine Biscuits Company in Europe and Michel et Augustin in France. The Ferrero Group is the world's third largest player in the market for packaged chocolate and the second largest global producer in the category of sweet biscuits.

Filomena Grecoredattrice
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Luogo: Torino
Lingue parlate: Italiano, inglese
Argomenti: Industria, automotive, mercato dell'auto, lavoro, Piemonte
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