Chicago / IL. (mdlz) Mondelez International reported its fourth quarter 2021 results. «2021 marked another year of strong top and bottom-line results despite a challenging macro environment,» said Dirk Van de Put, Chairman and Chief Executive Officer. «We continued to execute well against our strategic growth initiatives with volume-led topline growth, strong profitability, increased investments in brands and capabilities, and strong free cash flow generation. We further strengthened our portfolio with the addition of several growth accretive acquisitions, which increase our exposure to broader snacking categories and expanding profit pools. I am proud of the way our colleagues continue to respond to challenging operating conditions by maintaining focus on delivering great products for our consumers and customers, while advancing against our ESG goals. We are confident that our brands, strategy and focus on execution position us well to successfully navigate near-term volatility; to profitably deliver against a clear set of sizable growth opportunities; and to achieve our long-term financial targets in 2022 and beyond.»
Full Year Highlights
- Net revenues increased +8.0 percent driven by Organic Net Revenue growth of +5.2 percent, favourable currency and acquisitions
- Diluted EPS was USD 3.04, up +23.1 percent; Adjusted EPS was USD 2.87, up +9.0 percent on a constant-currency basis
- Cash provided by operating activities was USD 4.1 billion, an increase of +USD 0.2 billion versus prior year; Free Cash Flow was USD 3.2 billion, an increase of +USD 0.1 billion
- Return of capital to shareholders was USD 3.9 billion
Fourth Quarter Highlights
- Net revenues increased +4.9 percent primarily driven by Organic Net Revenue growth of +5.4 percent
- Diluted EPS was USD 0.71, down -11.3 percent; Adjusted EPS was USD 0.71, up +9.1 percent on a constant-currency basis
- Return of capital to shareholders was USD 0.8 billion
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20220128-MONDELEZ-Q4-2021.OTHER TOPICS FROM THIS SECTION FOR YOU:
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