JDE Peet’s announces changes to its Executive Committee CFO Scott Gray to step down to join family in the US; Board appoints new CFO Ricard Barri Valentines appointed as Chief Marketing OfficerPRESS RELEASEAmsterdam, 22 January 2025JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced changes to its Executive Committee. Scott Gray has decided to step down as CFO to be reunited with his family in the United States. After evaluating both internal and external candidates, the company has appointed a new external CFO, who will start in th...
JDE Peet’s recognised for Diversity Excellence with 2025 Catalyst Award PRESS RELEASEAmsterdam, 12 December 2024 Company significantly boosts women in key leadership positionsJDE Peet’s (EURONEXT: JDEP) is proud to have received the 2025 Catalyst Award, which recognises organisations that excel in advancing workplace inclusion and gender equity. This prestigious honour celebrates JDE Peet’s’ innovative approach to Diversity, Equity and Inclusion (DE&I), fostering a workplace where employees are empowered to thrive.According to Catalyst, JDE Peet’s’ strategic approach, supported by innova...
Aalberts: highlights ING Benelux Conference Brussels 2024, Ackermans & Van Haaren: Highlights ING Benelux Conference Brussels,Ackermans & Van Haaren: Strong operational performance of underlying companies and guidance fine-tuned upwards, AMG: Highlights ING Benelux Conference Brussels, Aperam: Highlights ING Benelux Conference Brussels, Arcadis: Highlights ING Benelux conference, Azelis: Highlights ING Benelux Conference Brussels, Bekaert: Guidance cut and €200m buyback as sweetener, CFE: No new...
JDE Peet's has announced the appointment of its third full-time CEO since its IPO, Rafael (Rafa) Oliveira. His appointment has given JDE Peet's an opportunity to reiterate 2024 guidance and coincides with the elimination of the Mondelez stock overhang, which has been purchased by JAB Holdings and partially distributed to the Limited Partners in the JAB Consumer Partners fund. As a result of these actions, we upgrade our 2024 adj. EBITDA forecast by 10% and increase our 12-month target price to €...
>JDE Peet’s announced the planned appointment of a new CEO - In March 2024, JDE Peet’s announced that its CEO (Fabien Simon) would be replaced by Luc Vandevelde as Interim CEO. At the time, JDE Peet’s said that it would initiate a search process for a permanent CEO, evaluation both internal and external candidates. On 12 August, JDE Peet’s announced that Luc Vandevelde, due to unforeseen matters, would step down as Interim CEO immediately. This morning, JDE Peet’s ann...
JDE Peet’s appoints Rafael Oliveira as Chief Executive Officer Seasoned FMCG industry executive tapped to drive growth and value creation at the world’s leading pure-play coffee and tea company Company reaffirms its 2024 outlook PRESS RELEASEAmsterdam, 21 October 2024 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced the appointment of Rafael (Rafa) Oliveira as Chief Executive Officer and stand-in Executive Director. Rafa Oliveira’s appointment is expected to take effect on 1 November 2024. Rafa Oliveira brings extens...
JDE Peet’s announces interim leadership transition PRESS RELEASE Amsterdam, 12 August 2024 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced that Luc Vandevelde will step down as Interim CEO and Chairman of the Board of JDE Peet’s, effective today, due to unforeseen matters that require his immediate attention. JAB Managing Partner and Chairman, Peter Harf, who has served as Non-Executive Director of the Board since the inception of JDE Peet’s, will assume the role of Interim Chairman of the Board, effective immediately. Scott ...
>On most headlines, relatively broad-based strong H1 2024 results - JDE Peet’s reported stronger than expected organic growth in sales and adjusted EBIT in H1 2024, for two out of four divisions (LARMEA and Peet’s) for sales, and in all divisions for adjusted EBIT, even when correcting for a one-off insurance payment of € 16m (for Peet’s) included in adjusted operating profit in H1 2024. Below the EBIT line, we see confirmation that the group’s finance expenses are ve...
>Solid sales growth and adjusted EBIT >15% ahead of consensus in H1 2024 - JDE Peet’s reported organic sales growth of 3.6% (volume/mix: 2.4%) in H1 2024 (ABNe: 1.3% and -0.2%, consensus: 2.0% and 0.3%). Sales came in at € 4,210m (ABNe: € 4,108m, consensus: € 4,121m). Adjusted EBIT amounted to € 692m, up 17.5% organically (ABNe: € 609m, 4.0%, consensus: € 601m, 3.2%). Underlying EPS was € 0.76, compared with our estimate of € 0.76 and consensus of € 0.80. Free cash fl...
JDE Peet’s reports half-year results 2024 Strong, broad-based performance across top-line, profitability and cash flow PRESS RELEASEAmsterdam, 31 July 2024Key items1 Organic sales up +3.6% (5-yr CAGR: +5.0%), driven by +2.4% price and +1.2% volume/mixReported sales up +5.6% to EUR 4,210 millionOrganic adjusted gross profit up +9.0%Organic adjusted EBIT up +17.5% (5-yr CAGR: +4.4%); A&P slightly up organicallyFree cash flow of EUR 315 million; net leverage at 3.1xUnderlying EPS of EUR 0.76; Basic EPS of EUR 0.74FY 24 outlook raised A message from Luc Vandevelde, Interim CEO of JDE P...
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