US companies Mondelez, Mars and PepsiCo showed a rapid growth in sales in Russia last year, writes Bloomberg. year, up to 92 billion rubles ($1.1 billion). The company ended up more than doubling its total profit compared to 2021.
Margins improved thanks to pricing, volume growth and the suspension of advertising, Mondelez said in its annual report, adding that Russia accounted for 4% of its consolidated revenue last year.
Mars, which entered Russia in the early 90s -s, recorded a 14% increase in sales last year, to 177 billion rubles (about $1.9 billion), while profit grew by 58% to 27 billion rubles ($294.3 million).
PepsiCo's revenue in Russia grew by 16%, while profit quadrupled. The carbonated drinks maker said that sales in Russia will bring the corporation 5% of consolidated net revenue in 2022, compared with 4% a year earlier.
Earlier, Ukraine's national anti-corruption agency listed confectionery manufacturer Mondelez as a «war sponsor». international. The reason was the preservation of the American manufacturer of assets in Russia. The ministry said in a statement that the company still owns three factories in the Russian Federation, where it produces popular brand chewing gum, stuffed bears, round chocolate cookies, crackers, refreshing hard candies, chocolate bars with wafers and raisins and Alpine chocolate.