Chicago / IL. (mdlz) Mondelez International reported its fourth quarter 2020 results. «2020 was a successful year and I am proud of our performance, including record share gains, in a challenging operating environment. Our categories were resilient, with the exception of gum which represented 5 percent of our revenue in 2020. The strength of our brands was evident, as was the dedication of colleagues around the world who executed with excellence in difficult circumstances. We made meaningful progress with our strategic agenda in 2020, continuing to increase investment in brands and capabilities, simplifying our portfolio, expanding into adjacent categories and making acquisitions in high growth areas of snacking. We moved quickly to mitigate incremental Covid-related costs and delivered on our commitment to generate strong cash flow. We enter 2021 in a strong position financially and in the marketplace which gives us confidence that we can deliver on our long-term growth targets in 2021 and beyond,» said Dirk Van de Put, Chairman and Chief Executive Officer.
Full Year Highlights
- Net revenues increased 2.8 percent primarily driven by Organic Net Revenue1 growth of 3.7 percent
- Diluted EPS was USD 2.47, down 8.2 percent; Adjusted EPS was USD 2.59, up 6.5 percent on a constant-currency basis
- Cash provided by operating activities was USD 4.0 billion, flat versus prior year; Free Cash Flow1 was USD 3.1 billion, an increase of USD 0.1 billion versus prior year
- Return of capital to shareholders was USD 3.1 billion
Fourth Quarter Highlights
- Net revenues increased 5.6 percent primarily driven by Organic Net Revenue growth of 3.2 percent
- Diluted EPS was USD 0.80, up 60.0 percent; Adjusted EPS was USD 0.67, up 8.2 percent on a constant-currency basis
- Resumed share repurchase program in November and returned USD 1.1 billion of capital to shareholders including USD 0.7 billion in repurchases
For additional information please read the Company’s PDF file below (322 KB):
20210130-MONDELEZ-Q4-2020.