JDE Peet's N.V.

JDEP

Equity

ISIN NL0014332678 / Valor 55007591

Euronext - Euronext Amsterdam (2026-01-20)

EUR 31.60%

JDE Peet's N.V.
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About company

JDE Peet's N.V. is a leading coffee and tea company operating in over 100 markets worldwide, offering a diverse portfolio of more than 50 brands including well-known names like L’OR, Peet’s, Jacobs, and Douwe Egberts. The company is focused on unleashing the possibilities of coffee and tea, serving approximately 4,100 cups of coffee or tea per second. JDE Peet's is dedicated to providing high-quality products to consumers across the globe, covering the entire category landscape in both developed and emerging markets.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Headline sales and margin

Reported sales: EUR 5,045m (+19.8% reported; +22.5% organic). Organic growth was driven by +21.5% price and +1.0% volume/mix. Organic adjusted gross profit +2.2%; reported gross profit declined (company reports ~‑8.7% reflecting mark‑to‑market, impairments and transformation costs).

Profitability and earnings per share

Adjusted EBIT: EUR 709m (organic adjusted EBIT +2.0%). Underlying profit (adjusted for non‑recurring items) was EUR 649m. Underlying EPS was EUR 1.33; excluding a EUR 151m fair‑value gain on equity derivatives underlying EPS would be EUR 1.02 (up ~3.4%). Reported basic EPS: EUR 0.86.

Cash flow and balance sheet

Free cash flow for H1 2025: EUR 565m (vs EUR 315m in H1 2024). Net debt at 30 June 2025: EUR 3,992m, down EUR 337m vs year‑end; net leverage improved to 2.5x (from 2.7x).

Share buyback and capital returns

2025 share buyback programme (up to EUR 250m): 38% completed by 25 July 2025. Dividend: a two‑installment dividend totalling EUR 0.73 per share was approved (first instalment paid in July; second payable Jan 2026).

Outlook

FY‑2025 guidance raised: now targeting high‑teens organic sales growth and at least stable adjusted EBIT on an organic basis; free cash flow guidance unchanged at around EUR 1bn.

Commodity cost environment

Green coffee prices averaged >60% higher in H1 2025 vs prior year (sharp rise early in the year followed by some easing). Management continues to mitigate via productivity initiatives and measured pricing while aiming to protect consumer affordability.

Portfolio, strategy and structural actions

New strategy "Reignite the Amazing" launched (three Big Bets: Peet’s, L’OR, and 10 local icons led by Jacobs) with a target of EUR 500m savings (>50% by end‑2027) and 50% reinvestment into growth. Operational actions in H1 included divestment of Turkey tea business, discontinuing L'OR Barista roll‑out in the U.S., transferring L'OR capsules in the U.S. to Peet’s, and announcing the intended closure of the Banbury (U.K.) factory and other operating‑model optimisations.

Segment highlights

Europe: sales EUR 2,677m, organic +17.2% and organic adjusted EBIT +8.6%. LARMEA: sales EUR 1,286m, organic +53.8% and organic adjusted EBIT +19.2% (price‑led). Peet’s: sales EUR 645m, organic +4.1% but organic adjusted EBIT down ~37.6% (high prior‑year comparator and gross‑profit phasing). APAC: sales EUR 417m, organic +8.4% with organic adjusted EBIT down ~14.7%.

Summarized from source with an LLMView Source

Key figures

83.2%1Y

13.2%3Y

-2.38%5Y

Performance

25.8%1Y

24.9%3Y

24.9%5Y

Volatility