Mondelez Sees FY Double-digit Adj. EPS Growth At Constant Currency

(RTTNews) - Mondelez International Inc. (MDLZ) provided an estimate for 2016 Free Cash Flow excluding items of $1.4 billion, and affirmed other elements of its 2016 outlook.

For 2016, the company still expects double-digit adjusted earnings per share growth at constant currency, organic net revenue growth of at least 2 percent, adjusted operating income margin of 15 to 16 percent.

The company projects adjusted operating income margin of 17 to 18 percent for 2018.

The company stated that its 2016 outlook reflects the current challenging external conditions, which feature slower economic and snacks category growth, as well as a volatile commodity-cost and currency environment.