Mondelēz has announced that last week’s cyber attack on its infrastructure systems will cut into its revenue growth for the second quarter by 3%.
The multinational said the incident caused particular disruptions in shipping and invoices.
The Petya malware attacked companies around the world, including shipping company Maersk, Reckitt Benckiser and FedEx. Many have struggled to get their security systems back up and running more than a week after the incident.
Mondelēz expects to incur ‘one-time costs’ in the second and third quarters but it is now making ‘good progress’ to restore its systems.
In a statement the company said: “Given the timing of this significant global attack, despite our best efforts, we experienced disruption in our ability to ship and invoice during the last four days of our second quarter.
“There are a few markets where we have permanently lost some of that revenue due to holiday feature timing, but we expect we will be able to recognize the majority of these delayed shipments in our third quarter results.”
The company, which makes Cadbury chocolate and Oreo biscuits, is still assessing the full impact of the attack and will give further details in August.
© FoodBev Media Ltd 2018
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