On Tuesday evening, Mondelez reported adjusted EPS of 84 cents, up 23.5%, with adjusted operating margin improving by 0.4 points to 15.1%, on revenues of 9.31 billion, up 9.8% organically, thanks to price effects (+10.2 points).

For the full year 2023, the holder of the Milka, Lu and Cadbury brands, among others, posted adjusted EPS of $3.19, up 19% at constant exchange rates, on revenues of $36 billion, up 14.7% organically.

For the year ahead, the food group is forecasting growth in adjusted EPS at constant exchange rates 'in the high single-digit range', as well as organic revenue growth of between 3% and 5%.

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