On the occasion of its Investor Day, Mondelēz International announces an increase in its long-term algorithm to organic growth of 3 to 5% in net sales, compared to a previous forecast of ‘more than 3%’.
The group, owner of brands such as Lu, Milka or Oreo, continues to expect constant exchange rate adjusted EPS growth ‘in the high single digits’ and a gradual increase in FCF of more than three billion dollars. long term.
Mondelēz says it is reshaping its portfolio, with a vision of generating 90% of its revenue from chocolate and biscuits. It intends to divest its chewing gum business in developed markets, as well as its Halls cough drops.
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