Mondelez International: Reports Q4 and FY-2023 Results

Chicago / IL. (mdlz) Mondelez International reported its fourth quarter 2023 results. Full Year Highlights:

  • Net revenues for the full year increased +14.4 percent driven by Organic Net Revenue growth of +14.7 percent with underlying Volume/Mix of +1.3 percent. For the fourth quarter, Net revenues increased +7.1 percent driven by Organic Net Revenue growth of +9.8 percent with underlying Volume/Mix of -0.4 percent
  • Diluted EPS was USD 3.62, up +84.7 percent; Adjusted EPS was USD 3.19, up +19.0 percent on a constant currency basis
  • Year-to-date cash provided by operating activities was USD 4.7 billion; Free Cash Flow was USD 3.6 billion, up +USD 0.6 billion vs prior year
  • Return of capital to shareholders was USD 3.7 billion; increased dividend per share by 10 percent
  • Closed the divestiture of our developed market gum business for USD 1.4 billion
  • Expecting for 2024 an on-algorithm year for Organic Net Revenue, Adjusted EPS and Free Cash Flow, with revenue growth at upper end of 3-5 percent range

«Our 2023 results underscore the strength of our execution, the importance of our investments and the resiliency of our portfolio, footprint, categories, and brands. We delivered double-digit top-line and earnings growth for the year, leading to strong cash flow generation and capital return to shareholders. Our growth was balanced across developed and emerging markets, with robust performance in all regions,» said Dirk van de Put, Chairman and Chief Executive Officer. «As we enter 2024, we continue focusing on strong execution, supported by a significant increase in investments behind our brands, capabilities, and talent. We remain confident that we are well positioned for sustainable top- and bottom-line growth in the years ahead.» For additional information please read the company’s PDF file below (355 KB):

20240201-MONDELEZ-FY2023.

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