“In Mexico, we now with the acquisition of Ricolino have significantly increased our distribution power. So there we will see the distribution of Mondelez brands increasing significantly in the coming months.”

In context

“in capacity increases, which we are doing. But as you know, it's a combination of the strength of our Cadbury and Oreo franchises who are receiving heavy support with strong innovations and as well a distribution expansion, where we still have a runway for several years to go. In China, we also have strong momentum. There we also see good share gains. We have in the past quarters been establishing Chips Ahoy! as a second biscuits brands after Oreo business as you noticed, mainly Biscuits and gum. And I think with the post-COVID period now in China, we see the confidence of the consumer going up and we're expecting a strong year in China also. Same thing as in India, heavy support in our brands, good innovations, building extra capacity and still big upside on increasing our distribution. In Mexico, we now with the acquisition of Ricolino have significantly increased our distribution power. So there we will see the distribution of Mondelez brands increasing significantly in the coming months. We also have double-digit growth in the quarters, and the whole acquisition and integration of Ricolino is on track. Then maybe adding Brazil. Brazil is also double-digit growth. We continue to see strong demand and we are expanding our distribution also in Brazil. So I would say, overall, the key markets in our emerging markets group are doing well and particularly in Latin America, I would add to that the whole economic environment is pretty strong. Important to note is that they have delivered and are delivering reported dollar growth in top and bottom line. And that the cash flow that we're generating is also very strong. So the return on our investments in emerging markets is very good. And I would say that we believe that we have a sustainable growth engine that will continue for th”