March 22, 2018 / 11:37 PM / a year ago

Chocolate maker Ferrero reports 1.5 percent rise in revenue in 2017

Miniature glasses with hazelnut spread Nutella from Italian food giant Ferrero are seen on a table for a buffet at a restaurant in the village Seeheim near Darmstadt, Germany, March 27, 2016. REUTERS/Kai Pfaffenbach

MILAN (Reuters) - Nutella maker Ferrero said its revenue rose 1.5 percent in the fiscal year ended August 2017 to 10.5 billion euros (£9.1 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.

Reporting by Francesca Landini; Editing by Susan Fenton

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