Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Mondelez International    MDLZ

MONDELEZ INTERNATIONAL

(MDLZ)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Cadbury owner Mondelez builds Brexit chocolate stash

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/11/2018 | 11:55am EDT
FILE PHOTO: The Cadbury name is seen on a bar of Dairy Milk chocolate

(Reuters) - Cadbury owner Mondelez International is stockpiling ingredients, chocolates and biscuits in Britain to avoid interruptions to business in the event of a hard Brexit.

The preparations are the latest from a growing list of big companies unsettled by the lack so far of an exit deal as Britain's planned March 29 departure from the European Union looms ever larger.

While many manufacturers in Britain clearly desire a Brexit deal that would allow the free flow of products, Mondelez is preparing for the worst, The Times reported https://bit.ly/2MjCYjJ on Tuesday, citing the president of the company's European division.

"We are stocking higher levels of ingredients and finished products," Hubert Weber was quoted as saying, with the paper adding that the Mondelez contingency plans are in place because the UK is not self-sufficient in terms of food ingredients.

In an emailed statement, a Mondelez spokeswoman said: "Like all businesses, we're monitoring the political decision-making process and preparing for a number of potential outcomes.

"We stand by Hubert Weber's comments and have nothing further to add at this time."

Many commodities used by British manufacturers, such as sugar, wheat and cocoa, are either often produced domestically or imported from outside the European Union.

Cadbury process cocoa in a plant in Chirk in Wales and mixes it with milk and sugar to create the base chocolate product – chocolate crumb – in Marlbrook, Herefordshire. The milk is sourced locally.

Other sectors, including pharmaceuticals and manufacturing, have also begun or are planning to begin stockpiling.

"With uncertainty prevailing around the UK’s post-Brexit trading position, stockpiling could help some businesses to mitigate possible supply shortages," said Mark Waterman at Vendigital, a consultancy that helps companies to prepare for Brexit. "However, stocking high levels of raw materials could put pressure on cash flow."

The Centre for Economics and Business Research this week predicted that the UK's imports could jump by 38 billion pounds ($49.37 billion) if businesses were to stockpile an additional three months' worth of raw materials and semi-manufactured goods from the European Union and an additional month's worth of finished goods.

($1 = 0.7696 pounds)

(Reporting by Martinne Geller, Paul Sandle and Nigel Hunt in London and Shubham Kalia and Mekhla Raina in Bengaluru; Editing by David Goodman)

Stocks mentioned in the article
ChangeLast1st jan.
CLASS III MILK FUTURES (DC) - CMG (ELECTRONIC)/C1 -0.06% 17.41 End-of-day quote.25.67%
CLASS IV MILK?FUTURES (GDK) - CMG (ELECTRONIC)/C1 -0.06% 16.9 End-of-day quote.11.85%
DRY WHEY?FUTURES (DY) - CMG (ELECTRONIC)/C1 0.00% 35.875 End-of-day quote.-23.72%
LONDON SUGAR 0.19% 313 End-of-day quote.-6.29%
MONDELEZ INTERNATIONAL -0.39% 55.01 Delayed Quote.37.97%
NEW YORK COCOA 0.66% 2440 End-of-day quote.0.87%
NONFAT DRY MILK FUTURES (GNF) - CMG (ELECTRONIC)/C1 0.12% 103.9 End-of-day quote.14.05%
WHEAT FUTURES (W) - CBR (FLOOR)/C1 -2.37% 493.5 End-of-day quote.0.84%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MONDELEZ INTERNATIONAL
07/18MONDELEZ INTERNATIONAL, INC. : Change in Directors or Principal Officers (form 8..
AQ
07/17MONDELEZ INTERNATIONAL : to Report Q2 Earnings on July 30, 2019
AQ
07/17MONDELEZ INTERNATIONAL : Completes Acquisition of Majority Interest in Perfect S..
AQ
07/16Mondelēz International Completes Acquisition of Majority Interest in Per..
GL
07/12Campbell to sell Kelsen snacks unit to Ferrero for $300 million
RE
07/11MONDELEZ INTERNATIONAL, INC. : Regulation FD Disclosure, Financial Statements an..
AQ
07/11MONDELEZ INTERNATIONAL : to Report Q2 Earnings on July 30, 2019
AQ
07/10Mondelēz International to Report Q2 Earnings on July 30, 2019
GL
07/03GRAIN HIGHLIGHTS : Top Stories of the Day
DJ
07/03LIVESTOCK HIGHLIGHTS : Top Stories of the Day
DJ
More news
Financials (USD)
Sales 2019 25 859 M
EBIT 2019 4 312 M
Net income 2019 3 351 M
Debt 2019 17 826 M
Yield 2019 1,92%
P/E ratio 2019 23,5x
P/E ratio 2020 22,0x
EV / Sales2019 3,77x
EV / Sales2020 3,66x
Capitalization 79 555 M
Chart MONDELEZ INTERNATIONAL
Duration : Period :
Mondelez International Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MONDELEZ INTERNATIONAL
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 58,05  $
Last Close Price 55,23  $
Spread / Highest target 23,1%
Spread / Average Target 5,11%
Spread / Lowest Target -13,1%
EPS Revisions
Managers
NameTitle
Dirk van de Put Chairman & Chief Executive Officer
Luca Zaramella Chief Financial Officer & Executive Vice President
Robin S. Hargrove Executive VP-Research, Development & Quality
Mark D. Ketchum Lead Independent Director
Lois D. Juliber Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
MONDELEZ INTERNATIONAL37.97%79 555
NESTLÉ29.95%303 517
DANONE23.13%55 076
THE KRAFT HEINZ COMPANY-27.86%37 879
GENERAL MILLS36.24%32 072
THE HERSHEY COMPANY37.62%30 798