Press release
Mondelēz International Reports Q4 and FY 2022 Results
Full Year Highlights Net revenues for the full year increased +9.7% driven by Organic Net Revenue1 growth of +12.3% with underlying Volume/Mix of +2.7%. For
About this update from Mondelez International, Inc.
[{"type":"text","content":"Full Year Highlights Net revenues for the full year increased +9.7% driven by Organic Net Revenue1 growth of +12.3% with underlying Volume/Mix of +2.7%. For the fourth quarter, Net revenues increased +13.5% driven by Organic Net Revenue1 growth of +15.4% with underlying Volume/Mix of +1.6%Diluted EPS was $1.96, down 35.5%; Adjusted EPS1 was $2.95, up +11.9% on a constant currency basisCash provided by operating activities was $3.9 billion, a decrease of $0.2 billion versus prior year; Free Cash Flow1 was $3.0 billion, down $0.2 billion versus prior yearReturn of capital to shareholders was $4.0 billion; increased dividend per share by 10%Announced agreement with Perfetti Van Melle to acquire our developed markets gum business in the U.S., Canada and Europe. Deal expected to close in Q4 2023 CHICAGO, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) today reported its fourth quarter 2022 results. \"Our 2022 results demonstrate the strength and diversification of our portfolio as we delivered broad-based growth in terms of regions, categories, and brands. We delivered strong gross profit dollar growth, driven by double-digit top-line growth supported by both pricing and volume, enabling robust cash flow generation and significant return of capital to shareholders. These results were underscored by continued strength in emerging and developed markets as well as solid contributions from our recently acquired businesses,\" said Dirk van de Put, Chairman and Chief Executive Officer. “We made significant progress against our strategy of accelerating growth and focusing our portfolio in the attractive, resilient categories of chocolate, biscuits and baked snacks, while continuing to invest in our brands and capabilities. We also continued to deliver strong marketplace execution amid challenging operating conditions and continued macroeconomic volatility.\" Net Revenue $ in millionsReportedNet Revenues Organic Net Revenue Growth Q4 2022 % Chgvs PY Q4 2022 Vol/Mix PricingQuarter 4 Latin America$1,014 43.2% 37.1% 6.9 pp 30.2 ppAsia, Middle East & Africa 1,661 1.3 13.6 6.3 pp 7.3Europe 3,210 2.9 8.7 (3.9)pp 12.6North America 2,810 28.3 19.5 4.2 pp 15.3Mondelēz International$8,695 13.5% 15.4% 1.6 pp 13.8 pp Emerging Markets$3,320 23.3% 24.7% 4.6 pp 20.1 ppDeveloped Markets$5,375 8.2% 10.5% - pp 10.5 pp Full YearFY...