Deerfield / IL. (mdlz) At the Consumer Analyst Group of New York (CAGNY) conference, executives of Mondelēz International highlighted the company’s priorities for the year, including delivering its 2018 business plan with excellence and completing a comprehensive strategic business review designed to deliver sustainable shareholder value in the years to come.
Chief Executive Officer Dirk Van de Put outlined several areas of focus that will be important as the company develops its future strategic framework: putting consumers first, leveraging Power Brands, solidifying an omnichannel presence and executing with excellence.
«We’re taking a fresh approach, challenging existing thinking and exploring new ideas and ways to win», he said. «More than ever, the consumer needs to be at the center of what we do. Today’s consumers eat differently, shop differently and seek different experiences. Since consumers are changing fast, we have to be more nimble, innovative and forward-looking than ever before».
Van de Put continued: «The key to unlocking more value for shareholders is to get two things right: putting the consumer at the center of everything we do and executing with excellence every day, in every store. If we do that, I’m confident we’ll deliver sustainable, profitable growth».
Brian Gladden, Chief Financial Officer, underscored the company’s strong bottom-line performance over the past four years, including a 600-basis-point increase in Adjusted Operating Income1 margin and 18 percent CAGR in Adjusted EPS1 at constant currency. Gladden highlighted how the company’s Supply Chain Reinvention program and Zero-Based Budgeting approach significantly contributed to delivering this performance.
«We’ve built a core competency in cost management, and this will benefit us moving forward», Gladden said. «Cost efficiencies will continue to be a fundamental part of our playbook, and we’re confident there are additional opportunities to improve margin performance and fund growth initiatives».
Reaffirming 2018 Outlook
- During the presentation, the company reaffirmed its 2018 outlook, including:
- Organic Net Revenue growth of 1 to 2 percent
- Adjusted Operating Income margin of approximately 17 percent
- Double-digit Adjusted EPS growth on a constant-currency basis
- Free Cash Flow of approximately USD 2.8 billion
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Cloetta AB: announces Q2-2024 interim report
- Axfood AB: Reports Q2-2024 Financial Results
- Chef Robotics: Launches AI-Powered Food Robot
- Conagra Brands: Reports Fourth Quarter 2024 Results
- Limerston Capital sells Village Bakery to Groupe Menissez
- GrubMarket: Buys Major Foodservice Company in Texas
- Lantmännen acquires Entrack AB
- DPC Dash: Concludes H1-2024 with Sustained Expansion
- Norway: Orkla Food Ingredients acquires FDE
- Fondo Italiano d’Investimento co-invests in Casa della Piada
- Greggs: invests in a new frozen manufacturing and logistics site
- Bundeskartellamt imposes fine against «Fritz!» manufacturer AVM
- Yum China: Celebrates Opening of its 200th KCoffee Store
- Beijing intends to roll out 5’400 food production robots
- K-Citymarket: sees significant sales growth in Finland
- DPC Dash: reaches 900-store milestone in China
- Coffee Holding: Terminates Merger with Delta Corp Holdings
- Perkins Restaurant + Bakery: introduces new brand identity
- Engelmans Bakery: acquires St. Armands Baking Company
- National DCP: Breaks Ground on New Distribution Center