The agro-food group Mondelez International, parent company of Lu, Milka and Oreo, continued to grow in the second quarter thanks to the recovery, posting a profit slightly above forecasts.
Read also: Lu, Oreo and Milka in the sights of Brussels, for anti-competitive practices
Adjusted earnings per share were 66 cents, two cents above analysts' median forecast and up 1.6% from the second quarter of 2020. Revenue was up 12. 4% to 6.64 billion dollars, against 6.41 billion expected.
“We had another strong quarter across the board, including sales, profitability and cash generation
,
”
said Dirk Van de Put, Group CEO. For the whole of 2021, he added
"to continue to see solid activity in the majority of our geographical areas and our brands"
, evoking the desire to also make investments.
The food group should post at the end of the fiscal year an organic growth of its turnover of more than 4% with a net profit per share in growth
"in single digits, in the high range"
, continues Mondelez.
The company's previous projection envisioned sales up 3% for the year.
Takeover of Chipita
The company has confirmed the takeover of the croissant and snack brand Chipita, which operates in Central and Eastern Europe, which is expected to close within the next nine months.
The action which ended up 0.60% to 65.23 dollars on Tuesday, lost 1.96% in electronic exchanges after the closure of the New York Stock Exchange.
