Kraft is optimistic for 2012 after a solid fourth quarter
Kraft Foods posted a quarterly profit Tuesday as expected and said anticipating a growth in operating income of at least 9% this year, despite pruning announced its range in North America.
The first U.S. food group, which holds particular LU biscuits and coffee Carte Noire, will split into two companies later this year.
One will be dedicated to its snacks marketed worldwide as Cadbury chocolate and biscuits Oreos, the other brands in North America specifically, the e ; door leaf thereof being referred to shrink.
To prepare for this separation, the group will fund a special charge of $ 1.6 billion to $ 1.8 billion (1.2 to 1.4 billion euros).
Kraft has said it expected a net increase its turnover by around 5% in 2012. This forecast takes into account the negative effect of around one percentage point reduction in its range in North America.
The group said also anticipate an increase of at least 9% of its operating profit at constant exchange rates, despite higher taxes and pension costs.
The action Kraft gained 1.9% to 38.73 dollars to 4:20 p.m. GMT on Wall Street, while the Dow Jones progressed from 0.37%.
The group recorded a fourth quarter profit of $ 830 million, or 47 cents a share, against $ 540 million (31 cents) a year earlier.
Excluding items, earnings per share were 57 cents, according to Thomson Reuters consensus I / B / E / S.
Turnover increased by 6.6% to $ 14.7 billion. Organic growth – is out acquisitions, disposals, calendar effects and exchange – rose 7% in North America, 3.1% in Europe and 7.2% in emerging markets.