Business · Companies · 8 hrs ago
Pernigotti plans €10 million investment and growth in chocolate and gelato
Pernigotti and Walcor joined in 2025 to form a confectionery group that also includes the Signor Stefano brand.
Pernigotti is known for chocolates and nougat, while Walcor makes chocolate products including its well-known coins.
The group is controlled by Invitalia and J.P. Morgan, after Pernigotti went through ownership changes and periods of crisis.
Its chief executive, Francesco Pastore, says revenue was about €70 million in the financial year that ended in June 2025, and losses narrowed from €8 million to €4 million.
The group plans €10 million in investment and aims to reach €100 million in revenue within three years.
It expects to break even by June 2027 and is seeking growth in Italy and overseas through new products and brand partnerships.
It is also restarting and expanding gelato ingredients, with plans to accelerate that business in 2027.
Pernigotti plans to invest €10 million and aims to reach €100 million in revenue within three years.
The company ended its 2025 fiscal year, in June, with about €70 million in revenue and improved profitability from minus €8 million to minus €4 million.
Chief executive Francesco Pastore expects the company to break even by June 2027.
The investment will modernise the Novi and Pozzaglio sites, with two-thirds allocated to Novi.
Pernigotti plans to grow its chocolate business and accelerate its professional gelato ingredients business in 2027.
- Who
- Pernigotti spa, which includes the Pernigotti, Walcor and Signor Stefano brands.
- What
- The group plans €10 million in investment and aims to reach €100 million in revenue within three years.
- When
- The plan is for the next three years. Gelato business expansion is set to accelerate in 2027.
- Where
- The investment is directed to sites in Novi Ligure and Pozzaglio, in Cremona.
- Why
- The company aims to grow profitably, recover margins and expand its chocolate and gelato businesses.
This story does not have two clearly opposing sides.
Pernigotti spa was formed through the merger of Pernigotti and Walcor.
The group closed its fiscal year with about €70 million in revenue.
Pastore expects the company to break even.
The group plans to accelerate its professional gelato ingredients business.
- Planned investment
- €10 million
- Revenue target
- €100 million within three years
- Fiscal 2025 revenue
- About €70 million
- Break-even target
- June 2027
- Investment split
- Two-thirds for Novi; one-third for Pozzaglio (Cremona)
Related
Ex-Ilva workers extend strike as protests disrupt fuel supplies
6 hrs ago · 4 sources
IMF raises Italy’s 2026 growth forecast to 0.8%
9 hrs ago · 2 sources
Iper Tosano to open in Vimodrone on October 15
1 day ago · 2 sources
Naples police seize fish-processing business over wastewater permit
1 day ago · 2 sources
What people are saying
We closed the 2025 fiscal year, in June, at about €70 million in revenue
We expect to break even in June 2027, with profitability, in the long term, of 8-10%, which is what market players achieve on average
We see many opportunities in gelato, which is now consumed all year round