Mondelez: beats consensus in Q3.
(CercleFinance.com) - On Monday evening, Mondelez unveiled Q3 net income that was up 81% at 992 million dollars, or EPS of 65 cents per share.
Adjusted EPS rose 14% to 57 cents, beating the consensus by three cents.
The agri-food group (Cadbury, Lu, Milka) saw its adjusted operating margin rise by 130 basis points to 16.9%, with revenues that were up 2.1% at over 6.5 billion dollars (+2.8% in organic terms), driven by emerging markets.
For FY 2017, Mondelez targets double-digit growth in adjusted EPS excluding currency effects, with organic sales growth of around 1%, hit by the cyber-attack in late June.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Adjusted EPS rose 14% to 57 cents, beating the consensus by three cents.
The agri-food group (Cadbury, Lu, Milka) saw its adjusted operating margin rise by 130 basis points to 16.9%, with revenues that were up 2.1% at over 6.5 billion dollars (+2.8% in organic terms), driven by emerging markets.
For FY 2017, Mondelez targets double-digit growth in adjusted EPS excluding currency effects, with organic sales growth of around 1%, hit by the cyber-attack in late June.
Copyright (c) 2017 CercleFinance.com. All rights reserved.