Mondelēz International posts growth with $26 billion annual revenues
Global confectionery group Mondelēz International has reported an annual net revenue increase of 0.2%, to $25.9 billion across its business activities across the world.
According to its latest financial results, the company’s gross profit for 2018 also increased 3% to $318 million, though operating income for last year declined 4% to $3.3 billion.
Among the company’s core goals are a commitment to making all packaging recyclable by 2025 to help deliver the company’s long-term vision for zero-net waste packaging and expanded the Cocoa Life sustainability program in Brazil.
In addition, the firm said it has also initiated expansion of research, development and quality capabilities to drive innovation, including a new technical centre in India and additional investment in a state-of-the-art facility in Poland. It has deployed a ‘test, learn and scale’ approach to innovation and launched SnackFutures, an innovation hub focused on the invention and reinvention of new brands, as well having ventured with entrepreneurs to seed new businesses in key strategic areas.
“Our fourth quarter and full-year 2018 results demonstrate the power of our brands, the strength of our global footprint and the potential of our strategic plan,” said Dirk Van de Put, chairman and CEO.
He added: “We delivered on our key financial and strategic commitments for the year, including solid top-line and bottom-line growth and strong cash flow generation. In 2019, we will continue to progress against our new strategy, which includes new investments to drive organic revenue growth and operational excellence across the organisation.”
In addition to its focus on sustainability, the company is also placing considerable investment into confectionery production reformulation, thorough its brands including Cadbury.
According to the business, it has developed a more locally-oriented commercial structure in order to drive greater consumer focus, improve speed and reduce complexity within its operations.
The company added that it continues to expect its organic net revenue growth to be between two and and three percent during 2019.