- Net revenues declined 3.7% driven by currency; Organic Net Revenue1 grew 1.2%, which includes 60 basis points of headwinds for malware effects in the prior year
- Operating income margin was 11.7%, down 620 basis points; Adjusted Operating Income1 margin was 17.1%, up 40 basis points
- Diluted EPS was $0.81, up 27%; Adjusted EPS1 was $0.62, up 18% on a constant-currency basis
- Vinzenz Gruber to become EVP and President, Europe, following retirement of Hubert Weber on January 31
Mondelēz International, Inc. (NASDAQ: MDLZ) today reported its third quarter 2018 results.
"We performed well in the third quarter," said Dirk Van de Put, Chairman and CEO. "We continue to see good momentum in emerging markets, underpinned by solid volume growth and strong execution. We are beginning to deliver against our new long-term growth strategy by implementing a more agile innovation model and establishing a new commercial structure that will improve our consumer focus and drive greater local accountability, while igniting our global and local brand and innovation agendas."
