(CercleFinance.com) – Kellogg on Wednesday detailed the terms of its planned split, which should see it separate into two independent and listed entities in the course of the fourth quarter of 2023.
The American agribusiness group specifies that Kellanova, the company having to understand its fastest growing businesses such as snacks and its activities in emerging markets, should generate a turnover of between 13.4 and 13.6 billion dollars in 2024 for adjusted operating income (Ebitda) of 2.25 to 2.30 billion.
In the longer term, this entity should post organic revenue growth of 3% to 5% for operating income up 7% to 9% (at constant exchange rates).
As for WK Kellogg Co, the company expected to regroup its more traditional cereal activities in North America, it should achieve a more modest turnover, of the order of 2.7 billion dollars in 2024. for an adjusted Ebitda of 255-265 million dollars.
Over a three-year horizon, WK Kellogg Co nevertheless intends to improve its operating margin by around five percentage points thanks to the modernization of its supply chain and its stable growth trajectory.
These perspectives were unveiled today during an Investor Day.
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