Latest news with #JDEPeet
Yahoo
08-05-2025
- Business
- Yahoo
JDE Peet's on track to achieve 2025 outlook with solid Q1 progress; Rob de Groot proposed for appointment to JDE Peet's Board.
JDE Peet's N.V. PRESS RELEASE Amsterdam, May 8, 2025 JDE Peet's (EURONEXT: JDEP), the world's leading pure-play coffee company, today provided an interim update on its year-to-date business and financial performance and proposes the appointment of Mr. Rob de Groot as non-executive member of the Board of the Directors. Strategic Review Update As part of its strategic efforts to optimise resource allocation and simplify operating models, JDE Peet's: divested its tea business in Turkey – which generated around EUR 60 million in annual sales with a negative contribution to adj. EBIT – to Efor Holding for an undisclosed amount, and has decided to discontinue the roll-out of its L'OR Barista machines in the U.S., and transfer the management of the L'OR capsules business in the U.S. to Peet's, to better capture the significant potential of the US coffee market. A range of additional strategic initiatives to drive growth, operational simplification and efficiency gains are progressing well. More details on the company's strategy, transformation and simplification initiatives, as well as other value creation opportunities, will be shared at the company's Capital Markets Day on July 1, 2025. Business Performance Update By the end of Q1 25, commercial agreements had been reached with the vast majority of customers worldwide. While volumes in Europe were materially impacted in January and February, the segment has witnessed a strong volume rebound since March, reflecting the strength of JDE Peet's brands. As green coffee prices are, on average, 28% higher in the first four months of 2025, compared to H2 24, the company is considering additional measures, including price increases. The company received the prestigious 2025 Catalyst Award, which recognises organisations that excel in advancing workplace inclusion and gender equity. New CFO, Yang Xu, will start on May 19, 2025. Financial Performance Update Overall financial performance in Q1 25 in line with company expectations. Disciplined pricing and cost control are sustaining gross profit and supporting adj. EBIT. Based on current information, the recently announced U.S. trade tariffs are not expected to materially impact financial performance. 28% of EUR 250 million 2025 share buyback completed as of May 2, 2025. On track to achieve 2025 outlook, as outlined in the FY 24 results announcement. Proposal to appoint non-executive member to JDE Peet's Board of Directors JDE Peet's Board of Directors (the Board) proposes the appointment of Mr. Rob de Groot as non-executive member of the Board, recognising his extensive international experience in the FMCG sector, including his instrumental role in transforming Reckitt Benckiser into a high-growth and innovative blue-chip company. Rob de Groot (1966), Dutch, previously held various leadership positions at Reckitt Benckiser Group plc for over 30 years, including President Hygiene and Home, Executive Vice President (EVP) Europe & North America, EVP North America & Australia/NZ and Global Category Officer Surface, Dish and Homecare. He is the co-founder and co-owner of NXT Equity Ltd., a company dedicated to building a portfolio of cause-driven, e-commerce-led FMCG start-ups. Rob is also the founder, co-owner and director of TOORG Holdco B.V., which currently owns 25.8% of the share capital of CRU Kafe, an early-stage Certified B Corporation focused on organic and fair-trade coffee sold in the United Kingdom. Rob's relationship with CRU Kafe enhances his perspective on market trends and consumer preferences, and reflects a genuine passion for the coffee industry and a depth of experience that will meaningfully contribute to the strategic direction of the Board. The appointment of Rob de Groot is subject to approval by the 2025 Annual General Meeting of Shareholders, which is scheduled to take place on June 19, 2025. Pending this approval, Rob has been appointed as a stand-in non-executive member of the Board. Market Abuse Regulation This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
Yahoo
28-03-2025
- Business
- Yahoo
JDE Peet's receives Fair Pay Leader certification
PRESS RELEASEAmsterdam, March 28, 2025Certification Recognizes Company's Achievements and Commitment to Pay EquityJDE Peet's, the world's leading pure play coffee and tea company, has been awarded the prestigious Fair Pay Leader certification by the Fair Pay Innovation Lab (FPI). This gold-standard certification recognises the absence of any significant differences in overall pay between genders across the company's global workforce and is a testament to JDE Peet's commitment to ensuring fair and equitable pay. A 2024 global gender pay equity study analysed the compensation structures and anonymized remuneration data of approximately 19,000 JDE Peet's employees. The study, which accounted for factors including role, internal job band and differences in work location, concluded that the gap between the pay of men and women is 0.52%. This difference is well under the future EU directive's threshold of 5% and is generally not considered to represent a meaningful gap. JDE Peet's recognition as a Fair Pay Leader follows its recent receipt of the highly regarded 2025 Catalyst Award, both of which underscore the company's commitment to promoting equity and inclusion in the workplace. Rafael Oliveira, CEO of JDE Peet's, commented: 'At JDE Peet's, we want to create a workplace where a diversity of ideas, perspectives, cultures, and backgrounds are welcome. Our workforce represents the people we serve – our consumers. Diversity leads to better business decisions. The Fair Pay Leader certification is a wonderful recognition and does not mean we stop here. We will continue to assess and address equity gaps to create a workplace where talent is fairly recognised and rewarded.' JDE Peet's has been committed to monitoring its gender pay equity position since 2022, when the first pay equity study was conducted, well ahead of regulatory requirements. Since then, JDE Peet's has not only focused on identifying potential gaps but also on ensuring that its policies and practices support equal opportunity. # # # EnquiriesMediaKhaled Rabbani+31 20 558 1735Media@ Investors & AnalystsRobin Jansen+31 6 1594 4569IR@ About JDE Peet's JDE Peet's is the world's leading pure-play coffee and tea company, serving approximately 4,400 cups of coffee or tea per second. JDE Peet's unleashes the possibilities of coffee and tea in more than 100 markets, with a portfolio of over 50 brands including L'OR, Peet's, Jacobs, Senseo, Tassimo, Douwe Egberts, OldTown, Super, Pickwick and Moccona. In 2024, JDE Peet's generated total sales of EUR 8.8 billion and employed a global workforce of more than 21,000 employees. Read more about our journey towards a coffee and tea for every cup at Attachment jde-peets-receives-fair-pay-leader-certificationSign in to access your portfolio
Yahoo
10-03-2025
- Business
- Yahoo
JDE Peet's starts EUR 250 million share buyback programme
PRESS RELEASEAmsterdam, March 3, 2025JDE Peet's (EURONEXT: JDEP), the world's leading pure-play coffee and tea company by revenue, today announced the start of its share buyback programme to return up to EUR 250 million to shareholders in 2025, as announced on February 26, 2025. The programme will start on March 3, 2025 and the maximum duration of the programme is up to the end of 2025, barring unforeseen circumstances. The main purpose of the programme is to reduce the capital of JDE Peet's, by cancelling virtually all the ordinary shares acquired through the programme. A small portion will be used to cover share-based remuneration obligations. At the current share price, the programme represents a maximum of approximately 13.9 million shares, or 2.8% of total shares outstanding. The programme will be executed within the limits of relevant laws and regulations, the existing authority granted at JDE Peet's 2024 Annual General Meeting of Shareholders (AGM) on May 30, 2024 and the authority (if granted) by the AGM on June 19, 2025. The share buyback programme will be executed by an intermediary to allow for share buybacks at its discretion during open and closed periods in compliance with the EU Market Abuse Regulation and within pre-defined execution parameters. JDE Peet's will provide regular updates on the progress of the share buyback programme by means of press releases and a dedicated section on JDE Peet's website for the duration of the programme as appropriate. # # # Market Abuse Regulation This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation. EnquiriesMedia Khaled Rabbani+31 20 558 1735Media@ & AnalystsRobin Jansen+31 6 1594 4569IR@ About JDE Peet's JDE Peet's is the world's leading pure-play coffee and tea company, serving approximately 4,400 cups of coffee or tea per second. JDE Peet's unleashes the possibilities of coffee and tea in more than 100 markets, with a portfolio of over 50 brands including L'OR, Peet's, Jacobs, Senseo, Tassimo, Douwe Egberts, OldTown, Super, Pickwick and Moccona. In 2024, JDE Peet's generated total sales of EUR 8.8 billion and employed a global workforce of more than 21,000 employees. Read more about our journey towards a coffee and tea for every cup at Attachment jde-peets-starts-EUR-250-million-share-buyback-programme
