News & Videos - JDE PEETS - English

PRESS RELEASE Amsterdam 18 April 2024 JDE Peet’s (EURONEXT: JDEP) has expanded its global effort to combat coffee-related deforestation by signing three Memoranda of Understanding (MOUs) with Peru, Honduras and Rwanda. This not only ensures continued access to the European market for smallholder farmers upon implementation of the EU Deforestation Regulation (EUDR), but crucially also fosters climate change resilience for coffee, which is imperative to ensuring that JDE Peet’s’ customers...

PRESS RELEASE Amsterdam, 28 March 2024 Commitment to target further reductions in Greenhouse Gas (GHG) emissions and specific Forest, Land, and Agriculture (FLAG) emissions JDE Peet’s (EURONEXT: JDEP) today has committed to newly validated Science Based Targets initiative (SBTi) targets as part of its Common Grounds sustainability programme . In line with the SBTi-validated targets and new Forest Land and Agriculture Science-Based Target-Setting Guidance (FLAG), JDE Peet’s is committed to...

PRESS RELEASE Amsterdam, 26 March 2024 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced the completion of the previously announced transaction under which the company has been granted a long-term global license to manufacture, market and sell Caribou consumer and foodservice coffee products, excluding Caribou coffeehouses. The transaction provides JDE Peet’s a strong platform to expand its premium coffee portfolio in the United...

PRESS RELEASE Amsterdam, 8 March 2024 Industry Veteran Luc Vandevelde Appointed Interim CEO and Nominated Chairman JDE Peet’s (EURONEXT: JDEP) today announced that Luc Vandevelde has been appointed Interim CEO of JDE Peet’s, effective 1 April 2024. Vandevelde will also become Chairman of the Board of JDE Peet’s after the next Annual General Meeting on 25 May 2024. Under Vandevelde’s leadership, the company will initiate a search process for a permanent CEO, evaluating both internal and...

PRESS RELEASE Amsterdam, 22 February 2024 JDE Peet’s (EURONEXT: JDEP) today announced that L’OR Espresso has entered into a new global partnership with Ferrari. The collaboration will see L’OR Espresso embark on a new chapter alongside the Ferrari in the FIA World Endurance Championship (WEC). The WEC is the world’s premier international sportscar championship and includes the legendary 24 Hours of Le Mans. The partnership between these two iconic brands is fuelled by the shared values...

Strong H2 23, marking the return to the long-term profitability algorithm PRESS RELEASE Amsterdam, 21 February 2024 Key items 1 Organic sales up +3.9% (H2 23: +4.3%), with positive volume/mix momentum in H2 Organic adj. EBIT up +1.1% (H2 23: +5.5%); up more than 6% FY when excluding Russia's performance Organic adj. gross profit increased +2.9% (H2 23: +4.7%), from premiumisation and efficiencies Free cash flow of EUR 522 million and leverage of 2.7x, despite currency headwinds Underlying EPS of...

PRESS RELEASE Amsterdam, 16 February 2024 JDE Peet’s (EURONEXT: JDEP) is pleased to announce that, starting in September 2024, JDE Peet’s will manufacture, distribute, and sell Costa Coffee branded aluminium coffee capsules in Great Britain. The expanded collaboration between the two companies marks a significant development in their partnership which will serve as a key driver of future growth in Great Britain. Since 2012, JDE Peet’s has offered Costa Coffee-branded single-serve coffee...

PRESS RELEASE Amsterdam, 13 February 2024 JDE Peet’s and Enveritas are leading the way in the coffee industry through technology and on-the-ground verification to tackle coffee-related deforestation and protect smallholder farmers. JDE Peet’s (EURONEXT: JDEP) today announced plans to roll out an innovative new programme to assess and address coffee-related deforestation globally. JDE Peet’s has partnered with Enveritas to leverage a combination of satellite imagery, artificial...

Press Release Amsterdam, 18 January 2024 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced it has signed a long-term global license agreement to manufacture, market and sell Caribou consumer and foodservice coffee products, excluding Caribou coffeehouses. The transaction, which is expected to close in the first quarter of 2024, provides JDE Peet’s a strong platform to expand its premium coffee portfolio in North America. Under the...

PRESS RELEASE Amsterdam, 9 January 2024 JDE Peet’s (EURONEXT: JDEP) was recognised as a leader in sustainability through its inclusion in the prestigious Dow Jones Sustainability Europe Index. The index recognises the most sustainable companies in Europe and JDE Peet’s is one of only four European food companies included in the index. At JDE Peet’s, we act with purpose to ensure that every cup contributes to a better future. From farmers to consumers, we champion an inclusive and...

PRESS RELEASE Amsterdam, 5 January 2024 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced that it has successfully completed the acquisition of the Brazilian coffee & tea business from JAV Group for an undisclosed amount in cash, which was first announced on 24 July 2023. Maratá’s coffee & tea business is predominantly present in the northern part of Brazil through its longstanding and well-known brands Café Maratá and Chá...

PRESS RELEASE Amsterdam, 28 November 2023 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced it has priced EUR 1 billion aggregate principal of bonds (the “Notes”). The Notes will be issued on 5 December 2023 and comprise the following series: 6.2-year EUR 500 million 4.125% Notes due 2030 10.2-year EUR 500 million 4.500% Notes due 2034 The proceeds will be used for general corporate purposes and to refinance existing debt...

Focus and disciplined execution of strategy, leading to in-market outperformance PRESS RELEASE Amsterdam, 2 August 2023 Key items 1 Organic sales up +3.5% (+2.4% reported), driven by +6.8% price and volume/mix of -3.3% Organic gross profit up +0.9% and high single-digit growth of advertising spend Organic adjusted EBIT down -3.0% to EUR 581 million Free cash flow of EUR 14 million due to normalisation of working capital; net leverage at 2.8x Underlying EPS of EUR 0.85 FY 23 outlook updated A...

PRESS RELEASE Amsterdam, 24 July 2023 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced that it has signed an agreement to acquire the Brazilian coffee & tea business from JAV Group for an undisclosed amount in cash. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in 2024. Maratá’s coffee & tea business is predominantly present in the northern part of Brazil...

PRESS RELEASE Amsterdam, 19 July 2023 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced its intention to launch a new paper pack for its soluble coffee ranges. This new paper pack solution, the first of its kind in the coffee market, will be recyclable. It is designed to create a more sustainable ecosystem in the soluble coffee market by incentivising the reuse of existing glass jars and tin formats. Moreover, the coffee from this...

PRESS RELEASE Amsterdam, 25 May 2023 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced that, following receipt of the requisite authorisation from the company’s shareholders at the Annual General Meeting held on 25 May 2023, the Board has resolved to cancel 15,300,000 of the company’s treasury shares. The company has filed a notice of cancellation of 15,300,000 treasury shares with the Dutch Chamber of Commerce and is in the...

PRESS RELEASE Amsterdam, 25 April 2023 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced its intention to combine its Out-Of-Home and CPG Europe segments, into one European segment under the leadership of Juan Amat, currently President, CPG Europe. This proposed organisational change will enable the European markets to apply a true omnichannel approach, a model the company successfully applies in all of its other markets....

PRESS RELEASE Amsterdam, 30 March 2023 JDE Peet’s (EURONEXT: JDEP), the world’s leading pure-play coffee and tea company by revenue, today announced that Fitch Ratings has upgraded the company’s credit rating from ‘BBB-‘ to ‘BBB’ with a stable outlook. This upgrade underscores the company’s operating strength, strong financial structure and financial discipline. In its release, Fitch noted : “The upgrade reflects the company’s recent de-leveraging and Fitch’s confidence...

Exceeded guidance, and executing the company's growth strategy with discipline PRESS RELEASE Amsterdam, 22 February 2023 Key items 1 Total sales up +16.4% to EUR 8.2 billion, of which +11.3% organically, driven by price Gross profit up +3.3% supported by efficiencies, disciplined pricing and revenue management SG&A increased by 10.6%, driven by working media and other growth-related investments Adjusted EBIT down -5.9%, or -9.3% organically, to EUR 1,227 million, as SG&A increased Underlying EPS...

PRESS RELEASE Amsterdam, 24 January 2023 Key Highlights JDE Peet’s has made significant progress on its growth and purpose - led strategy t hat was introduced in March 202 1 , and which supported a strong set of quality results s ince the company entered the public market The company has successfully accelerated growth in the US and in emerging markets, while strengthening capabilities and competitiveness in Digital C ommerce and Single-Serve appliance s JDE Peet’s’ ESG performance and...