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亿滋国际Mondelez International (MDLZ)2025年第四季度及全年业绩报告(英文版)(32页).pdf

上传人: 1****1 编号:1169480 2026-03-27 32页 1.82MB

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1、Q4&FY 2025RESULTSFebruary 3,2026FORWARD-LOOKING STATEMENTSThis presentation and accompanying prepared remarks contain forward-looking statements.All statements other than statements of historical fact are“forward-looking statements”for purposes of federal and state securities laws.Words,and variatio

2、ns of words,such as“will,”“may,”“expect,”“would,”“could,”“might,”“intend,”“plan,”“believe,”“likely,”“estimate,”“anticipate,”“objective,”“predict,”“project,”“drive,”“seek,”“aim,”“target,”“remain,”“potential,”“commitment,”“outlook,”“continue,”“goal”or any other similar words are intended to identify o

3、ur forward-looking statements.Although we believe that the expectations reflected in any of our forward-looking statements are reasonable,actual results or outcomes could differ materially from those projected or assumed in any of our forward-looking statements.Our future financial condition and res

4、ults of operations,as well as any forward-looking statements,are subject to change and to inherent risks and uncertainties,many of which are beyond our control,which could cause our actual results to differ materially from those indicated in these forward-looking statements.We disclaim and do not un

5、dertake any obligation to update or revise any forward-looking statement in this presentation and accompanying prepared remarks except as required by applicable law or regulation.In addition,historical,current and forward-looking sustainability-related statements may be based on standards for measur

6、ing progress that are still developing,internal controls and processes that continue to evolve,and assumptions that are subject to change in the future.For important information on forward-looking statements,please see our earnings release for Q4 2025 on our investor website at https:/ FINANCIAL MEA

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1. **Q4 2025业绩**:有机净收入增长5.1%(定价+9.9pp,部分抵消销量/组合-4.8pp);调整后EPS增长4.6%(至0.72美元),得益于成本管控及可可成本回落。 2. **全年表现**:有机净收入增长4.3%;自由现金流32亿美元;资本回报49亿美元(股息+回购)。 3. **市场分化**:新兴市场增长强劲(有机收入+7.2%),发达国家承压(+2.5%);巧克力品类靠定价驱动(+11.4%), biscuits因美国消费疲软下滑。 4. **2026展望**:有机净收入目标平至+2%;调整后EPS平至+5%;自由现金流30亿美元;聚焦发达国家改善(如北美提品牌认知、欧洲推性价比)及新兴市场扩张。
**2026增长动力?** **巧克力如何逆势增长?** **新兴市场为何强势?**
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