JDE Peet's FY 2021 organic sales rise 6.1%

March 1, 2022

Coffee company JDE Peet's N.V. said its fiscal-year 2021 organic sales rose 6.1%, and expects sales to climb by 7.9% in the first half of 2022.

"2021 marked the year where we refocused on our founding entrepreneurial values," said JDE Peet's chief executive Fabien Simon. "We set out our new strategic framework, reinvested in our powerful portfolio, and reinforced our operational discipline, including taking the lead on pricing in the majority of our markets. As a result, our organic sales growth accelerated, the absolute margin per cup increased, so did the free cash flow generation."

JDE Peet's 2021 highlights

  • Deliberate increase in investments for growth (>EUR 110 mln), self-funded by gross profit up +5%.
  • Solid market shares, while leading on price increases in the majority of geographies and categories.
  • Organic adjusted EBIT up +1.5% to EUR 1,304 million.
  • Free cash flow increased to EUR 1,368 million and leverage reduced to below 2.7x.
  • Underlying EPS up +13.7% to EUR 1.79.
  • Stepping up the progress on sustainability and raising the ambition.
  • Proposal to pay a cash dividend of EUR 0.70 per share in two equal installments.

JDE Peet’s describes itself as world's leading pure-play coffee and tea company, serving about 4,500 cups of coffee or tea per second.


Keurig 2021

Keurig Dr Pepper reports full year 2021 results and delivery of three-year merger commitments

Feb. 24, 2022
The company delivers high single-digit revenue growth and double-digit EPS growth in 2021 and affirms guidance for 2022.
[Credit: JDE Peet's]
Jde Peets Cafitesse

JDE Peet’s prices inaugural EUR 2 billion multi-tranche bond issue

June 10, 2021
JDE Peet’s (EURONEXT: JDEP), the world’s largest pure-play coffee and tea group by revenue, announced that it has priced EUR 2 billion aggregate principal of bonds.KEY POINTS:...