Mondelez delivered a strong quarterly result and surpassed market expectations in terms of the revenues as well as earnings. The strong top-line performance of the company was driven by continued volume strength and pricing execution. Mondelez delivered robust top-line growth in both developed and emerging markets. Both biscuits and chocolate businesses delivered double-digit growth. Toblerone, Lacta, Milka, and Cadbury Dairy Milk delivered robust growth. The company launched the upcoming chapter of its signature cocoa-sourcing program, Cocoa life. The management continued advancing its Light & Right packing strategy. For instance, in New Zealand, Australia, and the UK, Cadbury Dairy Milk Chocolate is now wrapped in packaging with over 30% recycled content. We provide the stock of Mondelez with a ‘Hold’ rating with a revision in the target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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