- Cadbury Nigeria, others in AMEA contribute 3.4%
By Franklin Ocheneyi
Mondelēz International, Incsays Cadbury Nigeria Plc and its other operations in Asia, Middle East and Africa (AMEA)region delivered $1.5 billion to its global net revenues of $6.7 billion posted in the first quarter of 2018. This represents 3.4 percent.
Mondelez International in a breakdown of itsearnings in the first quarter 2018 seen by Nigeria Industrial Digest, saidits operations in Latin America contributed $891 representing 2.1 percent to the total net revenues in the period under review, while Europe delivered the Lion’s share of $2.7billionrepresenting 14.4 percent; and North America $1.6 billion or 1.3 percent, to the results.
“We had a good start to the year with improving top-line momentum and continued progress in margin expansion driven by strength in Europe and AMEA,” said Dirk Van de Put, Chairman and CEO.
He also added: “We continue to see encouraging snacking category growth trends, especially in emerging markets. We remain focused on executing our 2018 plan while making good progress developing our long-term strategic framework.”
Mondelēz International provides guidance on a non-GAAP basis, as the company cannot predict some elements that are included in reported GAAP results, including the impact of foreign exchange. Refer to the Outlook section in the discussion of non-GAAP financial measures below for more details.
The company maintains its full year 2018 outlook of Organic Net Revenue growth of 1 to 2 percent, Adjusted Operating Income margin of approximately 17 percent and double-digit Adjusted EPS growth on a constant-currency basis. The company estimates currency translation would increase net revenue growth by approximately 2 percent3 and Adjusted EPS by approximately $0.063. In addition, the company continues to expect Free Cash Flow1 of approximately $2.8 billion.