Mondelēz International: Reports Q2-2021 Results

Chicago / IL. (mdlz) Mondelez International reported its second quarter 2021 results. «We delivered another strong quarter of performance across all key metrics, including top-line, profitability and cash generation,» said Dirk Van de Put, Chairman and Chief Executive Officer. «We continue to see strength across the vast majority of our geographies, categories and brands as we remain intensely focused on consistent execution and reinvestment to further strengthen our position. We are confident that our strategy, long runway of clear growth drivers and advantaged enablers will continue to drive consistent and attractive growth and value generation over the long term.»

Second Quarter Highlights

  • Net revenues increased +12.4 percent driven by Organic Net Revenue growth of +6.2 percent, favorable currency and acquisitions
  • Diluted EPS was USD 0.76, up +100.0 percent; Adjusted EPS was USD 0.66, up +1.6 percent on a constant-currency basis
  • Returned USD 2.4 billion of capital to shareholders in the first half
  • Announced agreement to acquire Chipita, a leading cakes and pastries company in Europe
  • Announcing +11 percent increase to quarterly dividend
  • Year-to-date cash provided by operating activities was USD 1.8 billion, an increase of +USD 0.2 billion versus prior year; year-to-date Free Cash Flow was USD 1.4 billion, an increase of +USD 0.3 billion
  • Raising Organic Net Revenue growth outlook for full year to 4 percent+

For additional information please read the Company’s PDF file below (103 KB):

20210728-MONDELEZ-Q2-2021
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