Mondelēz International: Reports Q3-2020 Results

Chicago / IL. (mdlz) Mondelez International reported its third quarter 2020 financial results. «Our third quarter performance was strong across all key metrics, with broad-based revenue growth as demand remained elevated in Developed Markets and sequentially improved in Emerging Markets. Our teams are executing well and we continue to deliver share gains by meeting the needs of customers and consumers, despite the uncertainties caused by Covid-19. Our strategy remains unchanged and we are accelerating certain initiatives and increasing the investment behind our brands to further support long-term sustainable growth,» said Dirk Van de Put, Chairman and Chief Executive Officer.

• Net revenues increased 4.9 percent primarily driven by strong Organic Net Revenue1 growth of 4.4 percent
• Year-to-date diluted EPS was USD 1.66, down 24.2 percent, lapping a prior-year benefit from Swiss tax reform; Year-to-date Adjusted EPS1 was USD 1.92, up 5.9 percent on a constant-currency basis
• Diluted EPS in the quarter was USD 0.78, down 20.4 percent, lapping a prior-year benefit from Swiss tax reform; Adjusted EPS in the quarter was USD 0.63, flat on a constant-currency basis
• Year-to-date cash provided by operating activities was USD 2.3 billion, up USD 0.4 billion versus prior year; Free Cash Flow1 was USD 1.7 billion, an increase of USD 0.5 billion versus prior year
• Returned USD 0.4 billion of capital to shareholders in the quarter through dividends

For additional information please read the Company’s PDF file below (264 KB):

20201103-MONDELEZ-Q3-2020.