Mondelez International: Reports Q4 and FY 2022 Results

Chicago / IL. (mdlz) Mondelez International reported its fourth quarter 2022 results. Full Year Highlights:

  • Net revenues for the full year increased +9.7 percent driven by Organic Net Revenue growth of +12.3 percent with underlying Volume/Mix of +2.7 percent. For the fourth quarter, Net revenues increased +13.5 percent driven by Organic Net Revenue1 growth of +15.4 percent with underlying Volume/Mix of +1.6 percent
  • Diluted EPS was USD 1.96, down 35.5 percent; Adjusted EPS1 was USD 2.95, up +11.9 percent on a constant currency basis
  • Cash provided by operating activities was USD 3.9 billion, a decrease of USD 0.2 billion versus prior year; Free Cash Flow1 was USD 3.0 billion, down USD 0.2 billion versus prior year
  • Return of capital to shareholders was USD 4.0 billion; increased dividend per share by 10 percent
  • Announced agreement with Perfetti Van Melle to acquire our developed markets gum business in the U.S., Canada and Europe. Deal expected to close in Q4 2023

«Our 2022 results demonstrate the strength and diversification of our portfolio as we delivered broad-based growth in terms of regions, categories, and brands. We delivered strong gross profit dollar growth, driven by double-digit top-line growth supported by both pricing and volume, enabling robust cash flow generation and significant return of capital to shareholders. These results were underscored by continued strength in emerging and developed markets as well as solid contributions from our recently acquired businesses,» said Dirk van de Put, Chairman and Chief Executive Officer. «We made significant progress against our strategy of accelerating growth and focusing our portfolio in the attractive, resilient categories of chocolate, biscuits and baked snacks, while continuing to invest in our brands and capabilities. We also continued to deliver strong marketplace execution amid challenging operating conditions and continued macroeconomic volatility.» For additional information please read the company’s PDF file below (409 KB):