Britain, Ireland, Middle East and Africa
Base revenues in Britain, Ireland, the Middle East and Africa rose 6% with Cadbury Nigeria and Dandy Products in South Africa that were made in 2006 contributing £11 million in revenues.
Europe
Revenues in Europe, which were up 7%, were driven mainly in gum were revenues climbed 11%. Centre-filled was launched in Russia, Turkey, Spain and Portugal under the Dirol and Trident brands.
Asia Pacific & Emerging Markets
Revenue growth in Asia was at 4% while emerging market rose 14%.
The net impact of acquisitions in developed markets stifled revenues and reduced revenue growth by £3 million.
Among emerging markets, revenues in India grew by 20%.
Demerger of Units
Cadbury said the demerger of the confectionery and the beverages units are expected to be completed by the end of the second quarter of 2008.
In line with the preparations, the company has announced that Roger Carr, currently Deputy Chairman will be appointed Chairman of the new confectionery company, Cadbury plc and Wayne Sanders, former President and CEO of Kimberly-Clark, will be appointed Chairman of the new beverages company, Dr Pepper Snapple Group, Inc.
Outlook
Cadbury plans to grow base business revenues towards the upper end of the 4% to 6% range and commodity input costs are expected to be 5% to 6% higher in 2008. The company also plans to report significant margin growth by 2011. |