Press release
Mondelēz International Reports Q4 and FY 2019 Results
Full Year Highlights Net revenues declined 0.3% driven by unfavorable currency impacts; Organic Net Revenue1 grew 4.1% with balanced volume/mix and
About this update from Mondelez International, Inc.
[{"type":"text","content":"Full Year Highlights\n Net revenues declined 0.3% driven by unfavorable currency impacts; Organic Net Revenue1 grew 4.1% with balanced volume/mix and pricingDiluted EPS was $2.65, up 16%; Adjusted EPS1 was $2.47, up 8% on a constant-currency basisCash from operating activities was $4.0 billion, increasing $17 million versus prior year; Free Cash Flow1 was $3.0 billion, increasing $187 million versus prior yearReturn of capital to shareholders was $3.0 billion Fourth Quarter Highlights Net revenues increased 2.1% driven by Organic Net Revenue growth of 4.1% partially offset by unfavorable currency impactsDiluted EPS was $0.50, down 10.7%; Adjusted EPS was $0.61, flat on a constant-currency basis DEERFIELD, Ill., Jan. 29, 2020 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ: MDLZ) today reported its fourth quarter 2019 results. \"2019 was a major step forward for the company: Execution of our strategy, including investments in global and local brands, enabled us to deliver strong top-line performance and to meet or exceed all of our financial targets. We are increasingly confident that our incremental investments in brands and capabilities, emphasis on volume leverage and profit dollar growth will create a virtuous cycle that consistently delivers attractive top- and bottom- line growth and sustained free cash flow generation,\" said Dirk Van de Put, Chairman and CEO. Management Changes Gustavo Valle joins the company as President, Latin America, effective February 1, 2020. Gustavo has more than three decades of leadership experience across Latin America, North America and Europe. In more than 20 years at Danone, he held a breadth of positions and most recently led the global dairy division, having previously delivered business turnaround and managed through volatility as CEO Brazil and CEO Argentina. Key Strategic Initiatives The company made strong progress against the strategies of accelerating consumer-centric growth, driving operational excellence and building a winning growth culture in 2019. Some highlights included: Global Brands & Local Jewels: accelerated an already strong Global Brands growth rate and transformed the Local Jewels growth rate, now at close to category levels. Overall, strongest market share performance since inception of the company, holding or increasing share in approximately 75% of our revenu...