USA: Mondelez Intenational reports 2013 results
Mondelez International has reported its first annual financial results, with figures for 2013 showing net revenues for the full year of $35.5 billion, up 0.8%. Operating income increased by 9.2% to $4.0 billion, while operating income margin was 11.2%. Organic net revenues increased 3.9%, driven by strong volume/mix of 3.4 percentage points as well as […]
India: Mondelez announces investment plans
Mondelez International has announced plans to invest US$190 million in the Indian state of Andhra Pradesh to establish the company’s largest manufacturing plant in Asia Pacific. According to AP Food Online, the new facility will span a 134 acre site and will have an annual capacity of 250,000 tonnes, making it the largest chocolate manufacturing […]
France: Mondelez reports mixed picture in H1
Mondelez International has reported its H1 results for the French market, revealing category performance and asserting plans for future growth. Speaking to a press gathering in France, Pascal Bourdin, president of Mondelez International (France and Benelux), struck an upbeat tone and stated that the company was on track for growth in Q2. “[In Europe], France […]