Kraft Foods has announced a quarterly publication mixed Thursday night between better than expected results for the first quarter rather disappointing and forecasts for the full year.
The food group, which operates among other Lu biscuits and Milka chocolates, has announced a net profit down nearly 60% to $ 799 million (45 cents per share) due to divestments. Excluding items, operating EPS increased 6% to 52 cents, three cents higher than consensus.
Despite increasing its advertising spending, Kraft has improved its operating margin 60 points behind with 13.9% for a turnover growth of 11% to $ 12.6 billion.
In organic growth stood at 4.6%, supported by price increases for 3.7% intended to pass on soaring raw material prices, while volumes rose only by 0.9%.
Despite this good start to the year, Kraft Foods displays some caution for the whole year, especially because of the continued escalation of agricultural prices and continuing instability in the economic environment.
The U.S. group reduced its forecast for organic sales growth of 5% to "at least 4% " and is operating EPS of $ 2.20, slightly below the market hypothesis.
The food group, which operates among other Lu biscuits and Milka chocolates, has announced a net profit down nearly 60% to $ 799 million (45 cents per share) due to divestments. Excluding items, operating EPS increased 6% to 52 cents, three cents higher than consensus.
Despite increasing its advertising spending, Kraft has improved its operating margin 60 points behind with 13.9% for a turnover growth of 11% to $ 12.6 billion.
In organic growth stood at 4.6%, supported by price increases for 3.7% intended to pass on soaring raw material prices, while volumes rose only by 0.9%.
Despite this good start to the year, Kraft Foods displays some caution for the whole year, especially because of the continued escalation of agricultural prices and continuing instability in the economic environment.
The U.S. group reduced its forecast for organic sales growth of 5% to "at least 4% " and is operating EPS of $ 2.20, slightly below the market hypothesis.