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Cadbury Annual Report & Accounts 2008
Focus on Performance - delivering against our plan

Cadbury Online Annual Report & Accounts 2008

Welcome to Cadbury. We create chocolate, gum and candy treats people love – brands such as Cadbury Dairy Milk, Trident and Halls.
Our vision is to be the biggest and the best confectionery company in the world.

2008 highlights

7%
Revenue growth†
11.9%
Operating margin*
16%
EPS growth**
6%
Dividend growth

Financial highlights

  • Base business revenues up 7%
  • Underlying operating margins up 150 bps
  • Proforma EPS from continuing operations up 16%
  • Return on invested capital up 110 bps
  • Full-year dividend 16.4p, up 6%

Strategic highlights

  • Transformation of the business into a category-led pure-play confectionery company
  • Vision into Action business plan well underway
  • Simplified organisation from 2009

† Base business revenue

* Underlying operating margin at reported currency

** Proforma EPS from continuing operations (Except where stated, all movements use constant currency)

Chairman's statement

chairman

The Group delivered a strong performance in 2008. We met or exceeded our financial targets during a period of economic slowdown and financial turmoil while at the same time implementing important changes to the structure of the Group and the confectionery business.

Strategic review

strategic

2008 was a year of significant development for Cadbury. We transformed our business, evolved our organisation model and started to implement major restructuring and reconfiguration. I am very pleased that during this eventful period, our people maintained their focus on performance and delivered against our strategic plan.

Strong positions

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Our strong positions in emerging markets.

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Forward looking statements Forward looking statements

Please note that this website contains information that may or may not have been subject to audit by Deloitte LLP, Cadbury plc's Auditor.

Specifically, Deloitte LLP has audited the Group and Parent financial statements of Cadbury plc for the year ended 31 December 2008 which comprise the Group Income Statement, the Group Statement of Recognised Income and Expense, the Group and Parent Company Balance Sheets and Group and Parent Cash Flow Statement, Segmental Reporting (a) to (d) and the related notes 1 to 40. By selecting links to review other sections of the Cadbury plc 2008 Annual Report and Accounts, you may view data and information that has not been subject to audit by Deloitte LLP.

Todd Stitzer,
Chief Executive Officer, talks about our 2008 full year results

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