The Mondelez International, owner of brands such as Lacta, Trident and Oreo, closed the first quarter of the year with net income attributed to the $ $938 million controllers, 48.9% higher profit result for the first quarter of last year. Diluted earnings per share reached $ $0.62, up from $ $0.41 a year earlier. The result was favored by increased global sales, coupled with a strict cost management.
"We had a good start to the year, with revenue improvement and steady progress in profit, driven by sales force in Europe and in Asia, Middle East and Africa," said Dirk Van de Put said in a statement, Chief Executive Officer and Chairman of the Board of Directors of Mondelez International.
"We're still seeing encouraging growth trends in the category of snacks, especially in emerging markets. We remain focused on executing our plan of 2018, while we made good progress in developing our long-term structural strategy, "added the Executive.
Net sales for the quarter totaled $ $6.77 billion, with an increase of 5.5% over the first quarter of 2017, favoured by the Exchange variation. Excluding the change in the exchange rate, the increase was 2.4%.
Sales costs were virtually stable at $ $3.91 billion. The cost of sales, General and administrative, for your time, increased by 3%, to $ $1.53 billion. Expenditure on divestments was 65% lower this year, getting $ $54 million.
The operating profit was $ $1.22 billion in the first quarter, 48.4% higher operating profit recorded a year before. The tax provision amounted to $ $307 million in the first quarter, compared with $ $154 million in the first quarter of last year.
To the year 2018, Mondelez keeps the net revenue growth projection of 1% to 2%, excluding the Exchange variation. Including the change in the exchange rate, growth would be 2% to 3%. The company also expects an operating profit margin at 17% next year and double-digit growth in diluted earnings per share in constant currency.
Supermercado Moderno - 02/05/2018
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