Cadbury’s parent company Mondelez International’s third-quarter profits have jumped,as its CEO looks to reshape its core portfolio.

The confectionery manufacturer’s operating profits in the quarter ending 30 September increased by 21% to £1.3bn ($1.7bn) and its net organic sales by 5.4% to £7bn ($9.2bn), beating market expectations.

Mondelez’s quarterly volumes also edged up 0.3 percentage points, while prices increased by 5.1 percentage points.

However, it added that both sales and profits were dampened by the offloading of its developed market gum business,  which includes Trident and Dentyne, to Perfetti Van Melle, completed in 2024.

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Mondelez chair and chief executive Dirk Van de Put said its performance was “robust” and pointed to further reshaping of the snack manufacturer’s core portfolio.

“We posted robust results for Q3, with accelerated top-line growth, strong earnings and attractive cash flow generation. These results were driven by our commitment to executing with excellence across our categories, markets and brands.

“We remain focused on reinvesting behind our brands, driving distribution, expanding our capabilities and maintaining cost discipline. We continue working to accelerate our core business while strategically reshaping our portfolio – for example, through our expanded partnership with Evirth, a leading manufacturer of cakes and pastries in China.

Mondelez International’s latest results come after its UK arm earlier this month reported its pre-tax profits plummeted 33% to £88.1m in the 12 months ending 31 December 2023.