Amsterdam / NL. (jab) JDE Peets, the combination of Peet’s Coffee and Jacobs Douwe Egberts (JDE), reported strong half-year 2020 results. The strong performance reflects resilience of business and brands, JDE Peets said in its statement. H1-2020 Summary:
- Record in-home (CPG) sales growth driven by developed markets
- CPG performance largely offsets away-from-home
- Good recovery in away-from-home starting in June
- Adjusted Ebit organic growth of 10.5 percent to EUR 642 million
- Underlying profit increased by 12.0 percent; underlying EPS of EUR 0.79
- Leverage improved to 3.4x, from 4.2x at end of FY 2019
- Successful completion of IPO
For additional information please read the Company’s PDF file below (682 KB):
20200804-JDE-PEETS-H1-2020.
