亿滋国际Mondelez International (MDLZ) 2003年年度报告「NASDAQ」.pdf

1、How we will grow grow ourour future future.Kraft Foods Inc.2003 Annual ReportWe can say it in six simple words.Value.TransformWe are committed to delivering sustainable growth top must delight the world with the right benefits at the right a step ahead of tomorrow.We must expand our global We must b

2、e organized to leverage our strengths.And Thats exactly what we intend to do.ation.Scale.Cost.Organization.Responsibility.line,bottom line and cash flow.To do it,we know our brands price.We must continuously transform our products scale.We must capture cost savings to fuel our growth.we must act res

3、ponsibly throughout the world community.2003 Financial Highlights.Consolidated Results2(in millions,except per share data)2003 2002%ChangeVolume(in pounds)18,681 18,549 0.7%Net revenues$31,010$29,723 4.3%Operating income 6,011 6,114(1.7)%Net earnings 3,476 3,394 2.4%Diluted earnings per share 2.01 1

4、.96 2.6%Results by Business SegmentNorth AmericaCheese,Meals and Enhancers Net revenues$9,439$9,172*2.9%Operating companies income*2,230 2,210*0.9%Biscuits,Snacks and Confectionery Net revenues 4,801 4,887*(1.8)%Operating companies income*887 1,051*(15.6)%Beverages,Desserts and Cereals Net revenues

5、4,567 4,412 3.5%Operating companies income*1,247 1,136 9.8%Oscar Mayer and Pizza Net revenues 3,100 3,014 2.9%Operating companies income*556 556 Total North America Net revenues$21,907$21,485 2.0%Operating companies income*4,920 4,953(0.7)%InternationalEurope,Middle East and Africa Net revenues$7,04

6、5$6,203 13.6%Operating companies income*1,012 962 5.2%Latin America and Asia Pacific Net revenues 2,058 2,035 1.1%Operating companies income*270 368(26.6)%Total International Net revenues$9,103$8,238 10.5%Operating companies income*1,282 1,330(3.6)%*Krafts management reviews operating companies inco