JDE Peet's names interim CEO | Food Business News
Luc Vandevelde succeeds Fabien Simon.
Stay updated with breaking news from Fabien Simon. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Luc Vandevelde succeeds Fabien Simon.
Strong H2 23, marking the return to the long-term profitability algorithm PRESS RELEASE Amsterdam, 21 February 2024 Key items1 Organic sales up +3.9% (H2 23: +4.3%), with positive volume/mix momentum in H2Organic adj. EBIT up +1.1% (H2 23: +5.5%); up more than 6% FY when excluding Russia's performanceOrganic adj. gross profit increased +2.9% (H2 23: +4.7%), from premiumisation and efficienciesFree cash flow of EUR 522 million and leverage of 2.7x, despite currency headwindsUnderlying EPS of EUR
Strong H2 23, marking the return to the long-term profitability algorithm PRESS RELEASE Amsterdam, 21 February 2024 Key items1 Organic sales up +3.9% , with positive volume/mix momentum in...
JDE Peet’s has agreed on a long-term global licensing agreement to manufacture, market and sell Caribou coffee products.
Transaction will enable Caribou Coffee to build on its core strategy of operating and growing its retail coffeehouse business.