---
title: "Mondelēz International Reports 2021 Annual Results: Full-Year Net Revenue of $28.72 Billion, Up 8% Year-Over-Year"
description: "On January 28, 2022, at 5:00 AM Beijing time, Mondelēz International, Inc. (NASDAQ: MDLZ) announced its fourth-quarter and full-year 2021 financial results. Full-year net revenue was $28.72 billion, up 8.0% year-over-year, with organic net revenue growth of 5.2%, driven by favorable currency and foreign exchange factors and several acquisitions."
author: "FBIF"
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published: "2022-02-12"
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# Mondelēz International Reports 2021 Annual Results: Full-Year Net Revenue of $28.72 Billion, Up 8% Year-Over-Year

> On January 28, 2022, at 5:00 AM Beijing time, Mondelēz International, Inc. (NASDAQ: MDLZ) announced its fourth-quarter and full-year 2021 financial results. Full-year net revenue was $28.72 billion, up 8.0% year-over-year, with organic net revenue growth of 5.2%, driven by favorable currency and foreign exchange factors and several acquisitions.

On January 28, 2022, at 5:00 AM Beijing time, Mondelēz International, Inc. (NASDAQ: MDLZ) announced its fourth-quarter and full-year 2021 financial results.
Mondelēz International's full-year 2021 net revenue was $28.72 billion, up 8.0% year-over-year, with organic net revenue growth of 5.2%, primarily due to favorable monetary policy and foreign exchange factors, as well as several acquisitions.
Mondelēz International financial report (Image source: Mondelēz International)
In the fourth quarter of 2021, Mondelēz International's net revenue was $7.658 billion, up 4.9% year-over-year, with organic net revenue growth of 5.4%.
**At the earnings conference, Mondelēz International's Chairman and CEO Dirk Van de Put shared the key drivers of growth:**
1. Strong revenue growth with balanced volume and pricing
2. Health focus during COVID-19 driving share gains
3. Improving dynamic operating environment through ongoing cost control and additional pricing strategies to offset inflation
4. Increased investment in brands, capabilities, and sustainability initiatives, and strengthened M&A acquisitions
5. Achieved LT algorithm, returning $3.9 billion to shareholders
Mondelēz International's high-growth businesses in 2021 (Image source: Mondelēz International)
In recent years, **Mondelēz International has frequently made acquisitions,** acquiring stakes in Chipita, Give & Go, Hu, Grenade, and Gourmet Food, among others, which brought incremental sales.
Acquisitions and divestitures (Image source: Mondelēz International)
On January 3, 2022, the company acquired 100% of Chipita S.A. ("Chipita"), a leading croissant and baked snacks company based in Central and Eastern Europe. The acquisition of Chipita provides a strategic complement to Mondelēz International's existing portfolio.
Chipita products (Image source: Chipita)
On April 1, 2021, the company acquired Gourmet Food Holdings Pty Ltd, a leading Australian premium biscuit and cracker food company.
Mondelēz International acquires Gourmet Food Holdings Pty Ltd (Image source: Gourmet Food)
On March 25, 2021, the company acquired a majority stake in Lion/Gemstone Topco Ltd ("Grenade"), a UK leader in high-performance nutrition. The acquisition of Grenade expands the company's position in the premium nutrition market.
Grenade products (Image source: Grenade)
On January 4, 2021, the company acquired the remaining 93% stake in Hu Master Holdings, a leader in the U.S. premium chocolate category. This provides a strategic complement to the company's North American snacking portfolio through growth opportunities in chocolate and other products.
Hu Master products (Image source: Hu Master)
On April 1, 2020, the company acquired a majority stake in Give & Go, a North American baked goods supplier with the Two Bite® brownie brand and the Create-A-Treat® brand known for cookies and gingerbread houses. The acquisition of Give & Go provides Mondelēz International with access to the in-store bakery channel, expanding the company's position in the broader snacking space.
Give & Go brand products (Image source: Give & Go)
At the earnings conference, Van de Put also shared the key drivers of Mondelēz International's continued growth in 2021. **In terms of channel expansion in emerging markets, Asia saw significant channel expansion.** In 2021, Mondelēz International covered over 300,000 stores in China and over 200,000 stores in India. **In 2021, Mondelēz China also achieved double-digit growth.**
Key drivers of continued growth in 2021 (Image source: Mondelēz International)
Mondelēz International's Chief Financial Officer Luca Zaramella also shared data at the earnings conference. **Demand for the company's products in emerging markets increased rapidly, while demand in developed markets remained stable.** Data shows that emerging markets grew at an annual rate of 12.2%, higher than 7.7% in 2019 and 2.3% in 2020.
Emerging markets accelerate, developed markets remain stable (Image source: Mondelēz International)
At the earnings conference, it was stated that **Mondelēz International's biscuit and chocolate categories continued to perform well, with share gains in almost all regions compared to 2019 and 2020.** The confectionery category grew well especially in China, Russia, India, and Brazil, and the gum business in China performed well.
Although the brand did not directly disclose sales of Trident products, the gum business growth was mentioned twice at the conference, indicating good performance.
Finally, Mondelēz International also analyzed macroeconomic factors. The company identified three major factors that will impact development in 2022: reduced mobility due to the pandemic, increased snacking behavior, and the impact of inflation on consumer shopping.
Under these macroeconomic factors, Mondelēz International stated that it will drive at-home consumption occasions for biscuits and chocolate, and drive growth of the company's core snacking brands, capturing moderate price points and volume growth opportunities.
In addition, Mondelēz International also stated that in 2022, due to cost pressures from global inflation, Mondelēz International will raise prices in multiple countries, with no mention of China. It had previously revealed plans to raise prices by 7% in the United States. Mondelēz International expressed confidence in consumer demand due to low price elasticity.
Impact of 2022 megatrends on the business (Image source: Mondelēz International)
Mondelēz International's Chairman and CEO Dirk Van de Put said that despite the challenging macro environment, Mondelēz International will continue to execute its strategic growth plan, driving revenue growth led by volume. At the same time, the company will further strengthen its portfolio with several acquisitions, which will also drive Mondelēz International to expand into broader snacking categories and expand margins. Additionally, the company will advance its ESG goals.
# Source: FBIF Food & Beverage Innovation (ID: FoodInnovation) Author: FBIF (Chinese editor: Riri)
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