Press release
Mondelēz International Reports Q4 and FY 2020 Results
Full Year Highlights Net revenues increased 2.8% primarily driven by Organic Net Revenue1 growth of 3.7%Diluted EPS was $2.47, down 8.2%; Adjusted EPS1 was
About this update from Mondelez International, Inc.
[{"type":"text","content":"Full Year Highlights Net revenues increased 2.8% primarily driven by Organic Net Revenue1 growth of 3.7%Diluted EPS was $2.47, down 8.2%; Adjusted EPS1 was $2.59, up 6.5% on a constant-currency basisCash provided by operating activities was $4.0 billion, flat versus prior year; Free Cash Flow1 was $3.1 billion, an increase of $0.1 billion versus prior yearReturn of capital to shareholders was $3.1 billion Fourth Quarter Highlights Net revenues increased 5.6% primarily driven by Organic Net Revenue growth of 3.2%Diluted EPS was $0.80, up 60.0%; Adjusted EPS was $0.67, up 8.2% on a constant-currency basisResumed share repurchase program in November and returned $1.1 billion of capital to shareholders including $0.7 billion in repurchases CHICAGO, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ: MDLZ) today reported its fourth quarter 2020 results. \"2020 was a successful year for Mondelēz International and I am proud of our performance, including record share gains, in a challenging operating environment. Our categories were resilient, with the exception of gum which represented 5% of our revenue in 2020. The strength of our brands was evident, as was the dedication of colleagues around the world who executed with excellence in difficult circumstances. We made meaningful progress with our strategic agenda in 2020, continuing to increase investment in brands and capabilities, simplifying our portfolio, expanding into adjacent categories and making acquisitions in high growth areas of snacking. We moved quickly to mitigate incremental COVID-related costs and delivered on our commitment to generate strong cash flow. \"We enter 2021 in a strong position financially and in the marketplace which gives us confidence that we can deliver on our long-term growth targets in 2021 and beyond,\" said Dirk Van de Put, Chairman and Chief Executive Officer. Net Revenue $ in millionsReportedNet Revenues Organic Net Revenue Growth Q4 2020 % Chgvs PY Q4 2020 Vol/Mix PricingQuarter 4 Latin America$630 (15.4)% 1.2% (5.2)pp 6.4 ppAsia, Middle East & Africa1,531 5.0 3.0 (0.8) 3.8 Europe2,959 5.8 3.0 3.6 (0.6) North America2,178 13.9 4.5 2.4 2.1 Mondelēz International$7,298 5.6 % 3.2% 1.3 pp 1.9 pp Emerging Markets$2,474 (2.5)% 4.1% 0.3 pp 3.8 ppDeveloped Markets$4,824 10.3 % 2.8% 2.1 pp 0.7 pp Full Year 2020FY 2020 FY 2020 Latin Am...