Oddo BHF - JDE Peets NV (JDEP) JDE Peets N.V. : 2023 results and 2024 outlook no reasons for a relieved market reaction

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Oddo BHF

Robert Jan Vos

JDE Peet's N.V. : 2023 results and 2024 outlook no reasons for a relieved market reaction

>Apart from free cash flow, most items came in below expectations in 2023 - JDE Peet’s 2023 sales came in at € 8,191m and organic sales growth was 3.9% (ABNe: € 8,332m and 4.6%, consensus: € 8,222m and 3.6%, respectively). Volume growth was -0.8% (ABNe: 0.1%, consensus: -1.0%). Adjusted EBIT increased 1.1% organically to € 1,128m. Our forecasts were 1e3.5% and € 1,154m, consensus was 1e1.8% and € 1,142m. Underlying EPS was € 1.51 (ABNe: € 1.73). Earlier JDE Peet’s had a...

21/02/2024 1 EN

Underlying

JDE Peet's NV

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NL0014332678 Euronext Amsterdam Netherlands

Provider

Oddo BHF

Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Analysts

Robert Jan Vos

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JDE Peet's N.V. : 2023 results and 2024 outlook no reasons for a relieved market reaction

ODDO : Olympic Games and Euro 2024: a limited economic impact but an opportunity nonetheless for several sectors – six stocks to favour ahead of the events

ODDO : Jeux Olympiques et Euro 2024 : un impact économique limité mais une opportunité sur de nombreux secteurs – 6 valeurs à privilégier en amont

JDE Peet’s signs MOUs with Honduras, Peru and Rwanda to combat coffee-related deforestation

Aixtron SE : Preliminary Q2 2024 results and 2024 guidance reset should come as a relief

Shell Plc : Oil will be driver of a strong Q2 performance

Trump, la politique fiscale et la guerre tarifaire

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