Mondelēz International reports improve global sales of $28 billion
pic by Mike Mitchell
Mondelēz International has released its latest annual figures for 2021, revealing key organic growth of 8%, posting net revenues of $28.7 billion for its global activities reports Neill Barston.
Despite pandemic pressures, the company has continued with its acquisition plans over the past two years, as well as supporting the development of new and emerging ventures, particularly within the healthier snacking segment.
The firm’s largest market is Europe, delivering sales of $11 billion, followed by the US ($8 billion), Asia ($6 billion), and Latin America, $708 million.
As the company explained, its improved fortunes were driven by favourable currency, incremental sales from its acquisitions of Give & Go, Hu, Grenade and Gourmet Food. Furthermore, volume and pricing were said to have been other contributing factors.
Another of its major milestones was recently achieved in completing a deal for Greek-based Chipita S.A , as part of a strategic plan, focused on accelerating growth in core snacking adjacencies, while continuing to expand its footprint in core markets. The newly acquired business delivers croissants and other baked snack brands to two billion consumers in more than 50 countries.
“2021 marked another year of strong top and bottom-line results despite a challenging macro environment,” said Dirk Van de Put, Chairman and Chief Executive Officer. “We continued to execute well against our strategic growth initiatives with volume-led topline growth, strong profitability, increased investments in brands and capabilities, and strong free cash flow generation.
“We further strengthened our portfolio with the addition of several growth accretive acquisitions, which increase our exposure to broader snacking categories and expanding profit pools. I am proud of the way our colleagues continue to respond to challenging operating conditions by maintaining focus on delivering great products for our consumers and customers, while advancing against our ESG goals.
“We are confident that our brands, strategy and focus on execution position us well to successfully navigate near-term volatility; to profitably deliver against a clear set of sizable growth opportunities; and to achieve our long-term financial targets in 2022 and beyond.”