Report
Robert Jan Vos

JDE Peet's N.V. : Apart from dividend, a decent 2022 update; € 33 TP and Neutral reiterated

>Headline results for 2022 in line with preliminary results reported 24 Jan - At a group level, 2022 organic sales growth, sales, EBIT(DA), net profit and EPS were in line with preliminary results reported on 24 January. The group ended the year with net debt of € 4bn, liquidity of € 2.4bn, and financial leverage of 2.65x. In light of these healthy financials, we think the group’s dividend proposal of € 0.70 was disappointing, particularly knowing that, as per JDE Pee...
Underlying
JDE Peet's NV

Provider
Oddo BHF
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.

Analysts
Robert Jan Vos

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