JDE Peets: reports half-year financial results 2024

Amsterdam / NL. (jde) JDE Peet’s N.V. (JDE), the world’s largest pure-play coffee and tea group by revenue, published its financial results for the first half of 2024. Interim CEO Luc Vandevelde: «I am very pleased with this strong set of results for the first half of 2024. We delivered robust, broad-based performance across top-line, profitability and cash flow, despite operating in a challenging environment that continues to be characterised by rising green coffee prices and a growing demand for more affordable offerings. In the first half, we continued to make good progress in our strategic priorities, achieving double-digit growth in E-commerce and China, continued good performance for Peet’s and L’OR Barista. The integration of Maratá and Caribou is also well underway, with both delivering results that are in line with our expectations.» For additional information please read the company’s PDF file below (185 KB):