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JDE Peets NV

JDEP.AS

Latest Trade

31.49EUR

Change

-0.22(-0.69%)

Volume

29,858

Today's Range

31.37

 - 

31.75

52 Week Range

29.92

 - 

39.95

As of on the Euronext Amsterdam Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

JDE Peet's Announces Equity Distribution By Its Majority Shareholder

March 18 (Reuters) - JDE PEETS NV <JDEP.AS>::JDE PEET'S ANNOUNCES EQUITY DISTRIBUTION BY ITS MAJORITY SHAREHOLDER.JAB MAJORITY-OWNED SUBSIDIARY ACORN HOLDINGS B.V. ("ACORN") HAS CONVERTED A PORTION OF INTEREST OF ITS MINORITY PARTNERS INTO DIRECTLY HELD SHARES OF JDE PEET'S SHARE CAPITAL.FOLLOWING THE DISTRIBUTION, ACORN REMAINS THE CONTROLLING SHAREHOLDER WITH A 53.4% STAKE IN JDE PEET'S.MINORITY PARTNERS INVOLVED IN TRANSACTION INCLUDE AFFILIATES OF BDT CAPITAL PARTNERS ("BDT"), AFFILIATES OF QUADRANT CAPITAL ADVISORS ("QUADRANT"), AND OTHER CO-INVESTORS, INCLUDING INVESTORS IN JAB CONSUMER FUND ("JCF").ACORN REMAINS CONTROLLING SHAREHOLDER WITH A 53.4% STAKE IN JDE PEET'S.JAB, WHICH WAS NOT PART OF THE DISTRIBUTION, CONTINUES TO MAINTAIN ITS CONTROLLING STAKE IN ACORN.IN AGGREGATE, ACORN DISTRIBUTED 35,649,053 SHARES, REPRESENTING 7.1% OF TOTAL ISSUED AND OUTSTANDING SHARE CAPITAL OF JDE PEET'S, INCREASING FREE FLOAT TO 23.8%.BOTH GENEVIEVE HOVDE FROM BDT AND ALEJANDRO SANTO DOMINGO FROM QUADRANT WILL REMAIN ON BOARD OF COMPANY.JAB HAS RECENTLY INCREASED ITS STAKE DIRECTLY IN JDE PEET'S.

JDE Peet's Eyes Organic Adjusted EBIT Growth In Low Single-Digit Range In FY 21

March 9 (Reuters) - JDE Peets NV <JDEP.AS>::WE REMAIN COMMITTED TO REDUCING OUR LEVERAGE TO BELOW 3X NET DEBT TO ADJUSTED EBITDA.WE EXPECT ORGANIC SALES GROWTH OF 3 TO 5% IN FY 21, ASSUMING A MODERATE RECOVERY IN AWAY-FROM-HOME.WE WILL STEP UP OUR INVESTMENTS FOR GROWTH IN 2021, NOTABLY IN MARKETING AND INNOVATION SUPPORT.WE EXPECT ORGANIC ADJUSTED EBIT GROWTH TO BE IN THE LOW SINGLE-DIGIT RANGE IN FY 21.TARGETS FOR THE MEDIUM- TO LONG-TERM TO DELIVER ORGANIC SALES GROWTH OF 3 TO 5% AND MID-SINGLE-DIGIT ORGANIC ADJUSTED EBIT GROWTH WITH QUALITY MARGINS IN ADDITION, THE COMPANY CONTINUES TO TARGET A FREE CASH FLOW CONVERSION OF APPROXIMATELY 70%.TOTAL ORGANIC SALES GROWTH ACCELERATED FROM -1.1% IN H1 TO 0.7% IN H2.ORGANIC ADJUSTED EBIT GROWTH OF 6.2% TO EUR 1,278 MILLION IN FY 20.END-FY FREE CASH FLOW OF EUR 877 MILLION, AFTER ONE-OFF TAX AND IPO PAYMENTS OF EUR 277 MILLION.PROPOSAL TO PAY A TOTAL CASH DIVIDEND OF EUR 0.70 PER SHARE IN TWO EQUAL INSTALMENTS.FY 21 OUTLOOK: ORGANIC SALES GROWTH OF 3 TO 5%, WITH A CATCH-UP ON MARKETING INVESTMENT LEVEL, WILL RESULT IN A LOW SINGLE-DIGIT ORGANIC INCREASE IN ADJUSTED EBIT.FY CONSENSUS: SALES EUR 6.68 BILLION; ADJUSTED EBIT EUR 1.29 BILLION; PROFIT GROUP SHARE EUR 485 MILLION.FY SALES EUR 6.65 BILLION VERSUS EUR 6.68 BILLION IN COMPANY-COMPILED CONSENSUS.FY UNDERLYING PROFIT FOR THE PERIOD EUR 787 MILLION VERSUS EUR 801 MILLION YEAR AGO.WE IMPROVED OUR LEVERAGE, AND REDUCED NET DEBT BY ANOTHER EUR 462 MILLION IN SECOND HALF OF 2020 - CEO.

JDE Peet’S To Invest 110 Million Euros In Its Aluminium Coffee Capsule Production Lines

Oct 20 (Reuters) - JDE PEETS NV <JDEP.AS>::JDE PEET’S TO SIGNIFICANTLY EXPAND ITS ALUMINIUM COFFEE CAPSULE PRODUCTION CAPACITY.EUR 110 MILLION INVESTMENT WILL INCREASE CAPSULE PRODUCTION BY +60%.THESE ADDITIONAL LINES WILL BE INSTALLED IN STAGES OVER COMING 18 MONTHS BEGINNING WITH NEW LINES IN ANDRÉZIEUX, FRANCE.

JDE Peet's Appoints Fabien Simon As CEO

Sept 4 (Reuters) - JDE Peet's BV <JDEP.AS>::FABIEN SIMON SUCCEEDS CASEY KELLER WHO DECIDED TO RETURN TO U.S. TO BE WITH HIS FAMILY.APPOINTS FABIEN SIMON AS CHIEF EXECUTIVE OFFICER.APPOINTMENT WILL BE TABLED FOR FORMALIZATION AT NEXT GENERAL MEETING.

JDE Peet's H1 Adjusted EBIT Up At 642 Million Euros

Aug 4 (Reuters) - JDE PEETS NV <JDEP.AS>::JDE PEET’S REPORTS STRONG HALF-YEAR 2020 RESULTS.IN FIRST HALF OF 2020, JDE PEET'S WAS AFFECTED BY OUTBREAK OF COVID-19 PANDEMIC, WHICH LED TO UNPRECEDENTED CIRCUMSTANCES FOR OUR COMPANY, EMPLOYEES, CUSTOMERS AND SUPPLIERS.WE ARE WELL ON TRACK TO REDUCE OUR LEVERAGE TO BELOW 3X NET DEBT TO ADJUSTED EBITDA BY END OF H1 21.WHILE UNCERTAINTY REMAINS ON FUTURE IMPLICATIONS COVID-19 MAY HAVE ON GLOBAL MARKETS, WE HAVE SEEN POSITIVE SIGNS OF IMPROVEMENT STARTING IN JUNE AS MARKETS BEGAN TO REOPEN.OUTLOOK: EXPECT POSITIVE ORGANIC SALES GROWTH FOR FY 20.IN H1 20, TOTAL SALES DECREASED BY 1.1% ON AN ORGANIC BASIS.EXPECT THAT OUR ADJUSTED EBIT GROWTH FOR FY 20 WILL BE WITHIN OUR MEDIUM TO LONG-TERM RANGE OF 5-8% WITH INCREASED MARKETING AND PROMOTIONS IN H2.H1 ADJUSTED EBIT INCREASED ORGANICALLY BY 10.5% TO EUR 642 MILLION.H1 UNDERLYING PROFIT - EXCLUDING NON-RECURRING ITEMS - INCREASED BY 12.0% TO EUR 393 MILLION.OUR END-H1 LIQUIDITY POSITION REMAINS STRONG, WITH TOTAL LIQUIDITY OF EUR 1,222 MILLION CONSISTING OF A CASH POSITION OF EUR 504 MILLION.JDE PEETS NV H1 PROVIDED CONSENSUS: SALES EUR 3.29 BILLION; ADJUSTED EBITDA EUR 756 MILLION; ADJUSTED NET PROFIT EUR 269 MILLION.H1 TOTAL REPORTED SALES DECREASED BY 2.9% TO EUR 3,236 MLN.

JDE Peet's: Full Exercise Of Over-Allotment Option

June 4 (Reuters) - JDE Peet's BV <JDEP.AS>::FULL EXERCISE OF OVER-ALLOTMENT OPTION AND END OF STABILISATION PERIOD ANNOUNCEMENT.J.P. MORGAN SECURITIES PLC FULLY EXERCISED OVER-ALLOTMENT OPTION, SELLING AN ADDITIONAL 10,714,285 SHARES.ADDITIONAL SHARES SOLD AT PRICE OF EUR 31.50 PER SHARE.THIS BRINGS GROSS PROCEEDS OF OFFERING OF ORDINARY SHARES TO APPROXIMATELY EUR 2,587 MILLION.

JDE Peet Says IPO Priced At 31.50 Euro Per Share

May 29 (Reuters) - JDE PEET'S BV <JDEP.AS>::SAYS EXISTING OFFER SHARES RAISED GROSS PROCEEDS OF APPROXIMATELY EUR 1.55 BILLION.JDE PEET'S IPO PRICED AT EUR 31.50 PER SHARE.OFFER PRICE HAS BEEN SET AT EUR 31.50,1 IMPLYING A MARKET CAPITALISATION OF EUR 15.6 BILLION.IN LIGHT OF STRONG RESPONSE BY INVESTORS TO OFFER, CLOSING OF OFFER WAS BROUGHT FORWARD.INTENDS TO USE NET PROCEEDS OF ISSUE OF NEW OFFER SHARES TO REPAY PART OF ITS OUTSTANDING DEBT IN ORDER TO FURTHER STRENGTHEN ITS BALANCE SHEET.SETTLEMENT OF OFFER IS EXPECTED TO TAKE PLACE ON TUESDAY, 2 JUNE 2020.IF OVER-ALLOTMENT OPTION IS EXERCISED IN FULL, TOTAL NUMBER OF OFFER SHARES WILL REPRESENT MAXIMUM ABOUT Y 16.5% OF TOTAL ISSUED SHARE CAPITAL.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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