Mondelez International said net revenues in 2024 increased $425 million (1.2%) to $36,441 million, and Organic Net Revenue increased $1,544 million (4.3%) to $37,054 million.

1. 01

   Mondelez International said net revenues in 2024 increased $425 million (1.2%) to $36,441 million, and Organic Net Revenue increased $1,544 million (4.3%) to $37,054 million.

2. 02

   The company said operating income in 2024 increased $843 million (15.3%) to $6,345 million, and Adjusted Operating Income increased $265 million (4.7%) to $5,899 million. Operating income margin changed from 15.3% in 2023 to 17.4% in 2024, and Adjusted Operating Income margin changed from 15.9% to 16.2%.

3. 03

   Mondelez International cited an increase in cash-basis net earnings as a factor in the increase in operating cash flow in 2024, and said capital expenditures were $1,387 million and dividend payments were $2,349 million. The company said it expects capital expenditures in 2025 to be up to $1.4 billion.

4. 04

   The company said its Board of Directors approved funding of $1.2 billion in July 2024 for a multi-year program to upgrade its global ERP and supply chain systems. It explained that spending comprises both capital expenditures and operating expenses, with a majority expected to relate to operating expenses, and that completion is expected by year-end 2028 over the next 5 years.

Key figures

Fiscal year ended December 31, 2024

Revenue

$36.4B

Operating income

$6.3B

Net income

$4.6B

EPS

$3.42

Gross profit

$14.3B

Operating cash flow

$4.9B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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