Mondelez: Q4 EPS up 10%

(CercleFinance.com) - On Tuesday evening the food and beverage company Mondelez reported adjusted EPS of $0.
73, up 9.9% at constant exchange rates, despite an adjusted operating margin that slipped 0.3 point to 15%, due to incoming cost inflation and an unfavourable mix effect.

At 8.69 billion dollars, revenues increased by 13.5%, driven by organic growth of 15.4% resulting from both volume and price effects, as well as acquisitions, although this was partially offset by negative currency movements.

Mondelez targets high-single-digit adjusted EPS growth at constant exchange rates and organic revenue growth of 5%-7% in 2023, following performances of 11.9% and 12.3% respectively in 2022.


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