date:Sep 10, 2012
Kraft Foods has said earnings from Mondelez International, the global snacks business the split of the US food giant will create next month, will be affected by currency headwinds in 2013.
The US food giant, which will split into two on 1 October, said yesterday, it is targeting double-digit growth in operating EPS, excluding the impact of currency, over the long-term. The company is predicting long-term organic sales growth of 5-7%.
However, for 2013, Kraft said the recent weakening of variou