Mondelez International: sales down in 2012

Mondelez International, Inc. reported fourth quarter and full year 2012 results, reflecting solid organic revenue growth, higher gross and operating income margins, and significant investments in innovation, advertising and consumer support, and sales and distribution capabilities to drive Power Brand growth.

"This was a transformational year for our company," said Irene Rosenfeld, Chairman and CEO. "We successfully completed the spin-off of Kraft Foods Group, resulting in a significant increase in shareholder value, and delivered solid top-line growth and higher Adjusted Operating Income margins across all geographies. We remain relentlessly focused on driving our global snacking platforms and Power Brands while leveraging our strong routes-to-market to deliver on the exciting promise of our new growth company."

Net revenues in the full year 2012 were USD 35.0 bn, down 2.2%. Organic net revenues increased 4.4%. Power Brands grew nearly double the company rate at 8.1%, and included double-digit increases in belVita, Barni, Oreo and Tuc/Club Social biscuits, Lacta and Cadbury Dairy Milk chocolate, Cadbury Eclairs candy, and Tassimo and Tang beverages. Operating income was USD 3.6 bn, up 4.0%. Adjusted operating income grew 7.1% on a constant currency basis. Diluted EPS was USD 1.69, down 15.1%. Operating EPS was USD 1.39 including a negative impact of USD 0.06 from currency. On a constant currency basis, Operating EPS increased 5.1%.

www.mondelezinternational.com