The American company Mondelēz International, one of the world’s largest producers of snacks and confectionery, has estimated its losses and additional expenses in the first quarter of 2022 due to the war unleashed by Russia against Ukraine at $143 million (after taxes – $145 million).
“In February 2022, Russia launched a military invasion of Ukraine, and the company closed its operations and facilities in Ukraine. In March 2022, the company’s two Ukrainian production facilities in Trostianets and Vyshgorod were seriously affected,” the company said in a quarterly report on Tuesday evening.
According to him, this amount included $75 million reflected in the impairment of these and other assets and exit costs, $44 million in cost of sales and $24 million in marketing, general and administrative expenses.
As reported, PrJSC Mondelis Ukraine (formerly Kraft Foods Ukraine) is part of the Mondelēz International (USA) group of companies, the holding company of which is Mondelēz Nederland Services B.V (Netherlands).
The company in Ukraine includes the Trostyanets confectionery factory (Sumy region) and a subsidiary company “Chipsy Lux” LLC (Kyiv region).
Since 2003, Mondelis Ukraine has been managing business development in the Moldovan market, since 2005 – in the markets of Belarus, Georgia, Armenia and Azerbaijan, and since 2008 – also in the markets of Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, Turkmenistan and Mongolia.
The company’s business in Ukraine as of autumn last year amounted to more than $400 million. Mondelis Ukraine invested more than $200 million in business development in Ukraine.
“Mondelis Ukraine” sells products under the trademarks “Korona”, Milka, “Vedmedic “Barni”, Tuc, “Belvita! Good Morning!”, “Lux”, Halls, Dirol, Picnic and others.
PrJSC Mondelez Ukraine (previously Kraft Foods Ukraine) in 2018 saw its net profit rise by 63%, to UAH 450.6 million.
According to the company’s report, its revenue amounted to UAH 5.9 billion (24% more). Confectionery made up 42% of the revenue, cookies 24%, salty snacks 17%, the rest were cocoa products and snacks.
The share of exports in total sales amounted to 57%.
The company has no long-term liabilities, while its current liabilities for 2018 rose by 33%, to UAH 1.9 billion.
Last year’s retained earnings amounted to UAH 1.4 billion (16% less).
PrJSC Mondelez Ukraine is part of Mondelez International, one of the world’s largest producers of chocolate goods, cookies, candies, and chewing gum.
Shareholders in private joint-stock company Mondelez Ukraine (earlier Kraft Foods Ukraine) decided to pay UAH 128.78 million in dividends for 2011.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, the decision was made on April 5.
The dividends will be paid from April 24 through October 5, 2018.
Mondelez Ukraine is part of Mondelez International group of companies, one of the world’s largest producers of chocolate goods, cookies, sweets, and chewing gum.
The company in Ukraine includes Trostianets confectionery factory (Sumy region) and Chips Lux LLC subsidiary company (Kyiv region).
Kraft Foods Entity Holdings B.V. operates as a subsidiary of Mondelez International.
