Chicago / IL. (mdlz) Mondelez International reported its third quarter 2021 results. «We delivered strong revenue and earnings growth in the third quarter with broad strength across both developed and emerging markets. Demand for our categories and brands remains vibrant and volume growth is solid as we implement pricing to reflect higher inflation,» said Dirk Van de Put, Chairman and Chief Executive Officer. «We expect elevated inflation and logistics volatility to persist, but remain confident in our plans to deliver on our financial algorithm, supported by compounding brand investments, pricing as necessary, distribution expansion and our robust ESG agenda, including our recently announced target of net zero emissions by 2050.»
Third Quarter Highlights
- Net revenues increased +7.8 percent driven by Organic Net Revenue1 growth of +5.5 percent, favorable currency and acquisitions
- Diluted EPS was USD 0.89, up 14.1 percent; Adjusted EPS1 was USD 0.71, up +9.4 percent on a constant-currency basis
- Year-to-date cash provided by operating activities was USD 2.7 billion, an increase of +USD 0.4 billion versus prior year; year-to-date Free Cash Flow1 was USD 2.1 billion, an increase of +USD 0.4 billion
- Returned USD 3.2 billion of capital to shareholders year-to-date
- Raising full-year 2021 Organic Net Revenue growth outlook to approximately 4.5 percent, reaffirming Adjusted EPS and Free Cash Flow outlook
- Announced target of net zero greenhouse gas emissions by 2050
For additional information please read the Company’s PDF file below (372 KB):
20211102-MONDELEZ-Q3-2021.
