Kraft Foods: third quarter results driven by strong organic revenue growth

“Our investments in marketing and new products continue to drive high quality growth and solid market shares. And we`ve accomplished this despite having taken significant price increases to offset record-high input costs,” said Irene Rosenfeld, Chairman and CEO. “Together with substantial savings opportunities, we expect to deliver top-tier results in 2011 and remain on track to launch two industry-leading companies with strong operating momentum in the coming year.”

According to the company net revenues for the third quarter were USD 13.2 bn, up 11.5 percent. Organic net revenues grew 8.4 percent, driven by strong growth in all geographies. Pricing contributed 7.0 percentage points of growth as the company continued to successfully implement pricing actions to recover higher input costs. Despite these pricing actions, volume/mix contributed 1.4 percentage points to growth. Operating income was USD 1.7 bn, and operating income margin was 12.8 percent.

www.kraftfoodscompany.com