“Ricolino remains on track in terms of integration, and we expect to begin capturing more benefits towards the end of the year.”

In context

“h our base Biscuits business and our ventures, such as Give & Go, Perfect Snacks and Clif. Clif also posted robust growth and deliver another operating margin increase of double-digit percentage points in Q2 versus last year. Now profitability is approaching the level of total North America, but we still have to generate material synergies both on revenue and cost line. So Clif is a business that is growing as now some margins and still with meaningful synergy potential. AMEA grew 13.2% with solid volume mix growth of more than 3%, while dollars increased plus 4.2%. India, China, Southeast Asia, all posted strong top-line growth for the quarter. Latin America grew more than 37% with OI dollar growth of nearly 65%. Mexico, Western Andean countries and Brazil, all turned in robust quarters. Ricolino remains on track in terms of integration, and we expect to begin capturing more benefits towards the end of the year. Next to EPS on slide 16. In the quarter, EPS grew plus 21.5% in constant currency or nearly 17% at reported dollars. Turning to slide 17. Free cash flow was $1.5 billion in the first half with $1.7 billion in return of capital to shareholders. We also announced today an increase in our dividends of plus 10%, marking a double-digit increase in eight of the last nine years of the history of Mondelez. Turning to our outlook on page 19. Given the strength of our Q2 and first half performance the successful conclusion of our negotiations in Europe, the strong volume momentum of our brands, we are raising our full year outlook for both revenue growth and adjusted EPS. We now expect top-line growth of 12% plus versus our original outlook of 5% to 7% and most recent outlook of 10% plus. EPS growt”