Net Revenue Decrease for Mondelēz International

The figures revealed by Mondelēz International for its third quarter 2016 results show that the company registered a decrease in net revenue of 6.6%, to USD6,3bn, driven by currency headwinds and deconsolidation of the company’s Venezuelan operations. 

Organic net revenue increased 1.1%, driven by continued improvement in overall volume/mix trends and pricing to recover currency-driven input costs in inflationary markets, according to a press release.

Gross profit margin was 38.9%, a decrease of 10 basis points, driven primarily by higher restructuring program costs partially offset by the deconsolidation of the company’s Venezuelan operations. Adjusted gross profit margin was 39.9%, an increase of 30 basis points. Strong net productivity and improved volume/mix was mostly offset by higher trade investments in a few key markets.