Global FMCG manufacturer Mondelez has posted mixed first-quarter results, with net revenue increasing by 8.2 per cent year-on-year to around £7.5bn.

In the European market, the net revenue grew by 9 per cent year-on-year to around £2.8bn.

However, the Group’s adjusted gross profit decreased by approximately £124.4m due to a negative impact by higher input cost inflation and an unfavourable volume and mix.

The parent company of Cadbury and Oreo saw its operating income decrease by 14 per cent to £875.5m, driven by higher input costs as well as increased advertising and consumer promotion costs.

Additionally, the results were impacted by an increase in selling and administrative expenses.

Sign up here to get the latest grocery and food news each morning

CEO and chair of Mondelez Dirk Van de Put said: “We posted solid first-quarter results led by strong top-line growth in our emerging markets while developed market growth showed signs of improvement.

“These results reflect strong execution of our consumer-centric strategy supported by increased investments behind our brands and growth platforms despite ongoing macro volatility.

“The fundamentals of our business remain strong, the capabilities of our people are unmatched, and we continue to boldly invest behind our long-term growth opportunities to enable sustained performance for years to come.”

Moving forward, Mondelez expects organic net revenue growth ranging from flat to two per cent and adjusted EPS growth ranging from flat to five per cent on a constant currency basis.