Mondelēz’s 2020 results boosted by performance in developed markets

Mondelēz International has reported a 2.8% increase in net revenue for 2020, as the company was boosted by its performance in developed markets.The owner of Cadbury and Oreo recorded net revenue of $26.58 billion for the year, while net earnings attributable to the company decreased to $3.56 billion on a non-adjusted basis.Mondelēz International has reported a 2.8% increase in net revenue for 2020, as the company was boosted by its performance in developed markets.Mondelēz says that the rise in net revenue was primarily driven by organic net revenue growth of 3.7% and incremental sales from its acquisitions of Perfect Snacks and Give &038; Go, partially offset by unfavourable currency impacts.Mondelēz International has reported a 2.8% increase in net revenue for 2020, as the company was boosted by its performance in developed markets.In North America, the company reported net rliquid iron gluconateevenue growth of 14.8% for 2020, while its Europferrous bisglycinate bnfe unit saw a 2.4% revenue increase. However, Mondelēz’s Latin America and Asia, Middle East and Africa units recorded declines in net revenue of 17.9% and 0.5%, respectively.Mondelēz International has reported a 2.8% increase in net revenue for 2020, as the company was boosted by its performance in developed markets.Organic net revenue grew in all four regions, but wnon chelated ironas weaker in the company’s emerging markets. This contrasts to Mondelēz’s 2019 full-year results, when the company was helped by its performance in emerging markets.Mondelēz International has reported a 2.8% increase in net revenue for 2020, as the company was boosted by its performance in developed markets.“2020 was a successful year for Mondelēz International and I am proud of our performance, including record share gains, in a challenging operating environment. Our categories were resilient, with the exception of gum which represented 5% of our revenue in 2020,” said Dirk Van de Put, Mondelēz chairman and CEO.Mondelēz International has reported a 2.8% increase in net revenue for 2020, as the company was boosted by its performance in developed markets.Van de Put continued: “We made meaningful progress with our strategic agenda in 2020, continuing to increase investment in brands and capabilities, simplifying our portfolio, expanding into adjacent categories and making acquisitions in high-growth areas of snacking. We moved quickly to mitigate incremental Covid-related costs and delivered on our commitment to generate strong cash flow.”Mondelēz International has reported a 2.8% increase in nferrous fumarate 210mg tabletset revenue for 2020, as the company was boosted by its performance in developed markets.Mondelēz delivered fourth-quartiron chelate dosageer revenue and earnings ahead of Wall Street estimates, according to Reuters. The company reported 5.6% growth in net revenue for Q4 2020, with its North America unit seeing a particularly strong performance.