CLAIM #39794 · Mondelez International Inc (MDLZ) · 2024Q2 earnings call · Jul 30, 2024 · due Dec 31, 2024
“I think the expectation it is still around having a sort of flattish volume mix for the year.”
Luca Zaramella · CFO
In context
“ble] Delta and people go crazy for them on there. So you've probably got at least a better head start in the US than you may know. But, I’ll pass it on. Dirk Van de Put: Thank you, Okay. Operator: [Operator Instructions] We'll move next to Tom Palmer of Citi. Your line is open. Tom Palmer: Hi, thanks for the question. Dirk Van de Put: Hi. Tom Palmer: I think a quarter ago, you talked about volume being a flattish year-over-year in 2024. I just wanted to confirm, is this still the expectation? And then any help as to how much maybe some of the more non-recurring items like the disruptions in Europe or the subsidy timing in Mexico might have weighed on volumes in the second quarter because so we could think about kind of an entry run rate at least for the third quarter? Luca Zaramella: Yes. I think the expectation it is still around having a sort of flattish volume mix for the year and in terms of one-timers as I said, there is 1.3 points of expected -- of disruption that happened in Q2. The whole 4 points of volume mix in Europe are attributable to the consumer -- or the customer disruption, sorry. There is another component which is about the Middle East conflict that impacted on about 3 percentage points for the quarter. The other one, as I said, that you need to bear in mind, is the impact of give and go and this continuation that we had in Q4 last year. But also importantly, last year we had a carryover of the first half disruption in Europe into half two. And that was around about $100 million of revenue impact. So when you strip out all these impacts, you clearly see a much better linearity of the volume mix and revenue. And when you come to terms that the act”
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SEC filings for MDLZ ↗ · Claim quote is verbatim from the 2024Q2 earnings call.