Mondelēz contributes nearly £1 billion to UK economy last year

Mondelēz International, makers of brands including Cadbury, Oreo and Maynards Bassetts, said its UK business’ economic contribution totaled £933 million in overall gross value added to the UK economy in 2021.

The company, which reported its third quarter results on Thursday, has also launched its latest economic and social report.

According to the report, titled Mondelēz UK: Making the Right Impact, the business supports 10,372 jobs across the UK, with 4,231 directly employed and 6,141 indirectly supported.

From 2012 to 2021 it invested £273 million into its five UK manufacturing sites: Bournville in Birmingham, Credition in Devon, Chirk in Wales, Marlbrook in Worcestershire, and Sheffield in Yorkshire.

The Bournville factory has stood for 110 years, and 2021 saw a further commitment of £15 million to upgrade the Dairy Milk tablet production and to expand chocolate making capacity.

“200 years on we are still motivated by the same values of generosity and duty to nurture the community, evident in the significant impact we have on the economy and communities in the UK as a whole,” Louise Stigant, UK managing director at Mondelēz International, said.

“We have a long, proud history in the UK of adapting to change, enabled by our scale around the world, which has secured enduring success of our business and our beloved brands.”

The company reported an 8.1 per cent increase in net revenues, driven partly by pricing and volume, and 15.7 per cent increase in adjusted EPS, on a constant currency basis, in its third quarter, and raised outlook for its full-year.

“Our third quarter performance demonstrates the resilience of our snacking categories, strength of our brands, broad-based net revenue growth of both our emerging and developed markets, effective execution of pricing, and solid volume growth, enabling us to raise our full-year revenue and earnings outlook,” said Dirk Van de Put, chairman and chief executive.

“Despite ongoing macro volatility, we remain focused on executing against our strategy and delivering on items we can control, including supporting our brands and retaining healthy volumes, while continuing to deliver strong profit dollar growth and long-term share gains.”