Report
JDE Peet's N.V. : No imminent rerating expected, TP cut to € 23.5; Neutral reiterated
>Underwhelming results with a few clear bright spots in 2023 - Apart from free cash flow that recovered materially in H2 2023, JDE Peet’s 2023 results did not impress. Sales, EBIT and net profit all came in below both our expectations and consensus. That said, the largest segment Europe and APAC outperformed expectations. However, this was more than offset by a very weak LARMEA (2.9% EBIT margin in H2 2023), predominantly due to Brazil and Russia, the latter impacted ...
Underlying
JDE Peet's NV
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.
Robert Jan Vos
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