Mondelez: Q3 EPS up almost 29%

(CercleFinance.com) - Mondelez International has reported adjusted EPS of $0.
99 for Q3 2024, up 28.6% at constant exchange rates, with operating margin improving by 2.7 points to 18.9%. NB: pmt +0.6%.

The food group's revenues rise by 1.9% to $9.2bn, up 5.4% organically, driven mainly by price increases (+5.1 points), while its volumes were almost stagnant (+0.3 points).

For 2024, the holder of the Milka, Lu and Cadbury brands, confirms that it expects adjusted EPS growth in the high single-digit range at constant exchange rates, and organic sales growth 'towards the upper end of the 3%-5% range.


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