$MDLZ (+1,03%)
- Revenue: $9.6B, +3.1% YoY
- Net income: $1.75B, +83.7% YoY
- Organic net revenue growth: +5.2% YoY
- Adjusted EPS: $0.65, -20.7% YoY
CEO Dirk Van de Put: "Fiscal 2024 was another strong year of performance for our company. We delivered balanced top-line growth, strong earnings, and robust free cash flow generation, while returning significant capital back to shareholders."
🌱Revenue & Growth
- Latin America: $1.17B, -7.2% YoY
- Asia, Middle East & Africa: $1.91B, +9.9% YoY
- Europe: $3.74B, +5.8% YoY
- North America: $2.78B, +0.1% YoY
- Emerging Markets: $3.64B, +1.7% YoY
- Developed Markets: $5.96B, +4.0% YoY
💰Profits & Financials
- Gross profit margin: 38.6% vs 37.3% YoY
- Operating income margin: 16.8% vs 12.8% YoY
- Free cash flow: $3.5B vs $3.6B YoY
- Return of capital to shareholders: $4.7B
- Net debt reduced by $1.2B to $16.4B
📌Business Highlights
- Completed acquisition of Evirth in China
- Divested remaining shares in JDE Peet's
- Fully resumed production at Ukrainian facilities
- Implemented new ERP system transformation program
🔮Future Outlook
- FY2025 organic net revenue growth target: ~5%
- Expects adjusted EPS to decline ~10% due to cocoa cost inflation
- Projects 2025 free cash flow of $3+ billion
- Estimates currency translation to decrease 2025 net revenue growth by ~2.5%
