(Reuters) - Mondelez International Inc MDLZ.O, the world's No. 2 confectionary company, posted a quarterly profit that beat estimates on Wednesday, benefiting from strong demand for Cadbury Dairy Milk and Oreo cookies in Europe and growth in emerging markets.

FILE PHOTO: The logo of Mondelez International is pictured at the company's building in Zurich November 14, 2012. REUTERS/Michael Buholzer/File Photo

Revenue from Europe, its largest market, rose 5 percent and accounted for nearly 40 percent of total revenue.

However, revenue from North America fell 0.6 percent, as its biscuits business was affected by malware-related losses.

The snack giant was hit by a cyber attack last year that hurt shipment volumes, leading to a $100 million loss in revenue for the full year.

“Since the malware incident last summer, our supply chain execution has been challenged (in North America),” newly-appointed Chief Executive Dirk Van de Put said on a post-earnings conference call on Wednesday.

“While we are making progress, returning to normal service levels is taking longer than anticipated,” he said.

The East Hanover, New Jersey-based company said its net revenue rose to $6.97 billion, meeting analysts’ average estimate of $6.97 billion.

Net income rose to $802 million, or 53 cents per share in the fourth quarter ended Dec. 31, from $93 million, or 6 cents per share, a year earlier.

Excluding items, Mondelez earned 57 cents per share, just brushing past estimates of 56 cents.

“Moving forward we believe that Mondelez needs to find a more permanent solution to their difficulties in North America,” said Anthony Riva, an analyst at GlobalData Retail.

The company said it expects double-digit adjusted earnings per share growth on a constant currency basis for 2018.

Mondelez also expects organic net revenue to increase 1 percent to 2 percent for 2018 and adjusted operating income margin of about 17 percent.

Shares of the confectionery, food and beverage company were flat in extended trading on Wednesday.