March 2014 BUSINESS NEWS MANUFACTURING CONFECTIONER —Global Source for Chocolate, Confectionery and Biscuit Information

Mondelēz sales $35 billion In their first full year as a standalone Revenue Results by Region company, Mondelēz International Latin America Full-year net revenues reported net revenues of $35.3 bil- decreased 0.3 percent. Organic net lion, up 0.8 percent. Operating revenues grew 12.3 percent mostly income increased 9.2 percent to driven by pricing, especially in the $4.0 billion. Organic net revenues inflationary economies of Venezuela increased 3.9 percent. and Argentina. Brazil grew double Revenues from emerging markets digits with a balanced contribution were up 8.8 percent, led by a nearly from volume/mix and pricing. 10 percent gain in the BRIC (Brazil, Asia Pacific Full-year net revenues Russia, India and China) markets. decreased 4.1 percent. Net revenues Developed markets increased increased 0.6 percent, as higher vol- 0.8 percent as growth in North ume/mix was mostly offset by lower America and Europe was partially pricing. offset by a decline in Asia Pacific. Companies in the News Power brands grew 6.5 percent. EEMEA Full-year net revenues Asociación Nacional de , Tuc, Club Social, and increased 4.8 percent. Organic net Exportadores de Cacao ...... 16 Australian Industry Group ...... 12 Barni biscuits, Dairy Milk revenues grew 9.2 percent. The Carlyle Group ...... 12 and chocolate and cof- region’s power brands grew 13.6 per- ChocoSuisse ...... 20 fee each posted double-digit increases. cent, led by and ConTech ...... 12 chocolate, Barni, Oreo, Tuc Enstrom Candies ...... 16, 18 Fourth-Quarter Results and belVita biscuits, coffee and Heirloom Cacao Preservation Initiative 29 The Hershey Co...... 8 Net revenues for the fourth quarter powdered beverages. Interpack ...... 22 were $9.5 billion, down 0.1 percent. Europe Full-year net revenues ISM ...... 18, 20 Operating income increased 5.3 per- increased 1.8 percent. Organic net Jelly Belly ...... 20 cent to $1 billion, while operating revenues increased 0.8 percent. Leclerc Foods ...... 8 income margin was 10.6 percent. Lily O’Brien’s ...... 12 Organic net revenues increased North America Full-year net revenues Lotte Confectionery ...... 14 Mondelēz International ...... 7, 14 2.5 percent, nearly all due to vol- increased 1.3 percent. Organic net rev- National Association of ume/mix. enues increased 2.9 percent. Convenience Stores ...... 18, 28 Natra ...... 18 Mondelēz condensed consolidated statements of income

Nestlé ...... 16, 24 in millions of US dollars Three Months ending Twelve Months ending PMCA ...... 26 12/1/2013 12/1/2012 12/1/2013 12/1/2012 Post Holdings ...... 16 Net Revenues $9,488 $9,495 $35,299 $35,015 Retail Confectioners International . . . 27 Cost of Sales 5,995 5,945 22,189 21,939 Toms Foundation ...... 14 Gross Profit 3,493 3,550 13,110 13,076 Gross Profit Margin 36.8% 37.4% 37.1% 37.3% Toms Confectionary Group ...... 14 Selling, General and Admin. Exp. 2,294 2,575 8,679 9,176 United Biscuits ...... 12 Operating Income 1,010 959 3,971 3,637 University of Wisconsin –Madison . . . 24 Operating Income Margin 10.6% 10.1% 11.2% 10.4% Western Candy Conference ...... 8 Net Earnings $1,773 $578 $3,935 $3,094 World Cocoa Foundation ...... 10, 14

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