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MONDELĒZ INTERNATIONAL REPORTS 2015 RESULTS AND PROVIDES 2016 OUTLOOK AND 2018 MARGIN TARGET

Съобщение в пресата   •   фев 15, 2016 17:33 EET

DEERFIELD, Ill. – Feb. 3, 2016 – Mondelēz International, Inc. (NASDAQ: MDLZ) today reported its fourth quarter and full year 2015 results, reflecting strong Adjusted Operating Income1 margin expansion and solid Organic Net Revenue1 growth, resulting in double-digit Adjusted EPS1 growth on a constant-currency basis.
“In 2015, we delivered another year of very strong results despite the highly volatile macroeconomic environment,” said Irene Rosenfeld, Chairman and CEO. “Our aggressive cost-savings programs drove significant margin expansion. In addition, we increased our marketing investments, enabling us to steadily accelerate organic revenue growth and improve our share performance as the year progressed.”
Rosenfeld continued, “We remain confident in our ability to execute our transformation agenda despite weakening macroeconomic conditions in emerging markets. As a result, in 2016, we expect to deliver another year of strong margin expansion and double-digit EPS growth on a constant currency basis by continuing to reduce supply chain and overhead costs. We also expect underlying organic revenue growth that’s in line with our categories as we prudently invest behind our Power Brands and innovation platforms. In addition, we’ll continue to build on this momentum going forward and now have clear line of sight to an Adjusted Operating Income margin of 17 to 18 percent in 2018, which represents about a 400 basis point improvement from 2015.”
Full Year and Fourth Quarter GAAP Results
For the full year, net revenues were $29.6 billion, down 13.5 percent, including a negative 12.6 percentage point impact from currency and a negative 5.4 percentage point impact from the coffee business transactions. Operating income was $8.9 billion, up 174.4 percent, including a $6.8 billion pre-tax gain from the coffee transaction and a $778 million one-time charge for a change in accounting for the Venezuela operations. Diluted EPS was $4.44, up $3.16, including a positive impact of $4.05 from the coffee transaction gain and a negative $0.48 impact related to the Venezuela accounting charge.
Contacts:
Michael Mitchell (Media)
Dexter Congbalay (Investors)
+1-847-943-5678
+1-847-943-5454
news@mdlz.com
ir@mdlz.com
2
On a reported basis for the fourth quarter, net revenues were $7.4 billion, down 16.6 percent,
including a negative 11.4 percentage point impact from the coffee business transactions and a negative
11.0 percentage point impact from currency. The company posted an operating loss of $557 million,
down 194.6 percent, including the Venezuela accounting charge and a $313 million decrease to the
coffee transaction pre-tax gain recorded in the third quarter. Diluted EPS was a negative $0.46, down
$0.75, including a negative $0.48 impact related to the Venezuela charge, a negative $0.19 impact from
the adjustment to the coffee transaction gain and a negative $0.09 impact from currency.

Full Year Commentary

Organic Net Revenue increased 3.7 percent, as the company raised prices to recover currency-driven input cost inflation. Power Brands

2 grew 5.4 percent. Organic Net Revenue from emerging markets3 was up 10.6 percent, while developed markets4 decreased 0.7 percent.

Fourth Quarter Commentary

Organic Net Revenue increased 4.7 percent, as the company raised prices to recover currency-driven inflation in emerging markets. Power Brands grew 5.5 percent. Organic Net Revenue from emerging markets was up 12.4 percent, and developed markets were essentially flat versus the prior year quarter.

За „Монделийз Интернешънъл“

„Монделийз Интернешънъл“ (регистрирана на NASDAQ: MDLZ) е водещ световен производител на леки закуски с приходи от 35 млрд. щ.д. за 2014 г. Създавайки вкусни моменти за потребителите си в 165 държави, „Монделийз Интереншънъл“ е световен лидер в производството на шоколад, бисквити, дъвки, бонбони . Компанията произвежда и предлага любими марки на стойност милиарди долари, като Cadbury, CadburyDairyMilkи шоколад MilkaOreo, BelVita, TUC и др. „Монделийз Интереншънъл“ попада в класацията на StandardandPoors 500, 100 компании на NASDAQ, Индекс за устойчиво развитие на DowJones. За повече информация, може да посетите:www.mondelezinternational.com и да ни последвате в Twitter: www.twitter.com/MDLZ.

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