Lagos, Nigeria– January 30, 2023 – Cadbury Nigeria Plc, a subsidiary of Mondelēz International,
has announced a turnover of N55.21billion for the year ended 31 December 2022, representing
an increase of 30.3 percent over N42.37billion recorded in the same period in 2021.
The Company’s recently released unaudited financial highlights for the full year 2022 (covering
the period January 2022 to December 2022), also indicated that its gross profit grew from
N6.48billion in 2021, to N7.76billion in 2022, representing an increase of 19.87 percent. Cadbury
Nigeria’s profit for the period under review, increased by 110.22 percent from N450million to
N946million, while the Company’s basic earnings per share rose by 108.33 percent from 24 kobo
to 50 kobo, within the same period, showing that it maintained growth across various indices.
In a statement issued by the Company, Mrs. Oyeyimika Adeboye, its Managing Director, said
Cadbury Nigeria has continued to push the boundaries to sustain its current growth trajectory in
a tough business environment.
“Our recently launched candies (Cadbury Caramel, Cadbury Coffee), and Cadbury Bournvita
Biscuit, all contributed to our growth profile in 2022,” Adeboye said. “We will keep finetuning
our strategies to manage these challenges, in line with our mission, which is focused on
nourishing and delighting our consumers with the right snacks, while remaining committed to
our stakeholders and doing what is right for our environment.”
About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries
around the world. With 2021 net revenues of approximately $29 billion, MD
LZ is leading the future of snacking with iconic global and local brands such as OREO, belVita and LU
biscuits; Cadbury Dairy Milk, Milka and Toblerone chocolate; Sour Patch Kids candy and Trident gum.
Mondelēz International is a proud member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones
Sustainability Index. Visit www.mondelezinternational.com or follow the company on Twitter at
www.twitter.com/MDLZ.
About Cadbury Nigeria
Cadbury Nigeria Plc (CNP), a publicly quoted company, is the pioneer cocoa beverage manufacturer
offering some of the most loved brands in the country. Cadbury Nigeria is a 74.99%-owned subsidiary of
Mondelēz International, a global snacking powerhouse with an unrivalled portfolio of brands. The
remaining 25.01% of shares are held by a diverse group of indigenous, individual and institutional
investors. A front-runner in beverages, confectionery and gum, Cadbury Nigeria’s quality products–
Bournvita, Hot Chocolate 3 in 1, TomTom, Buttermint, and Clorets–are market leaders in their respective
consumer segments. For more information, visit www.cadburynigeria.com or
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