Financials & Economy

Consolidated net sales reached US$2,787.3 million, an increase of 6.6% compared with the prior-year period, while organic net sales on a constant-currency basis rose 3.6%.

Group revenue increased 7.4% year-on-year to AED 2.6 billion, with growth supported in part by one-off sales under the UAE food security programme.

ADM financial results indicate profitability driven by robust performance in its oilseed crushing, ethanol and nutrition businesses, prompting the Chicago-based agribusiness giant to raise its full-year earnings guidance.

Second quarter net sales increased 1%, driven primarily by higher net sales volume in the Texture & Healthful Solutions segment and favorable foreign exchange in Food & Industrial Ingredients in Latin America.

Mondelēz International attributed the performance to strong execution across its global operations, continued brand investment, and disciplined cost management.