Press release
Mondelēz International Reports Q4 and FY 2023 Results
Full Year Highlights Net revenues for the full year increased +14.4% driven by Organic Net Revenue1 growth of +14.7% with underlying Volume/Mix of +1.3%. For
About this update from Mondelez International, Inc.
[{"type":"text","content":"Full Year Highlights Net revenues for the full year increased +14.4% driven by Organic Net Revenue1 growth of +14.7% with underlying Volume/Mix of +1.3%. For the fourth quarter, Net revenues increased +7.1% driven by Organic Net Revenue1 growth of +9.8% with underlying Volume/Mix of -0.4%Diluted EPS was $3.62, up +84.7%; Adjusted EPS1 was $3.19, up +19.0% on a constant currency basisYear-to-date cash provided by operating activities was $4.7 billion; Free Cash Flow1 was $3.6 billion, up +$0.6 billion vs prior yearReturn of capital to shareholders was $3.7 billion; increased dividend per share by 10%Closed the divestiture of our developed market gum business for $1.4 billionExpecting for 2024 an on-algorithm year for Organic Net Revenue, Adjusted EPS and Free Cash Flow, with revenue growth at upper end of 3-5% range CHICAGO, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) today reported its fourth quarter 2023 results. “Our 2023 results underscore the strength of our execution, the importance of our investments and the resiliency of our portfolio, footprint, categories, and brands. We delivered double-digit top-line and earnings growth for the year, leading to strong cash flow generation and capital return to shareholders. Our growth was balanced across developed and emerging markets, with robust performance in all regions,\" said Dirk Van de Put, Chairman and Chief Executive Officer. “As we enter 2024, we continue focusing on strong execution, supported by a significant increase in investments behind our brands, capabilities, and talent. We remain confident that we are well positioned for sustainable top- and bottom-line growth in the years ahead.” Net Revenue $ in millionsReportedNet Revenues Organic Net Revenue Growth Q4 2023 % Chgvs PY Q4 2023 Vol/Mix PricingQuarter 4 Latin America$1,262 24.5% 28.6% 2.1 pp 26.5 ppAsia, Middle East & Africa 1,736 4.5 7.9 (0.2) 8.1Europe 3,538 10.2 11.6 3.3 8.3North America 2,778 (1.1) 1.9 (5.5) 7.4 Mondelēz International$9,314 7.1% 9.8% (0.4)pp 10.2 ppEmerging Markets$3,580 7.8% 14.9% 1.2 pp 13.7 ppDeveloped Markets$5,734 6.7% 6.6% (1.3)pp 7.9 pp Full YearFY 2023 FY 2023 Latin America$5,006 37.9% 34.8% 3.8 pp 31.0 ppAsia, Middle East & Africa 7,075 4.6 11.7 3.1 8.6Europe 12,857 12.6 14.5 0.7 13.8North America 11,078 14.4 9.5 — 9.5 Mondelēz International$36,016 14....