Given our strong portfolio of products and channels, we are uniquely positioned to continue to gain market share as we pivot to meet the needs and opportunities of our customers and consumers around the world.”. The measures taken by governments around the world to reduce the outbreak have resulted in a noticeable shift in coffee and tea consumption from away-from-home to in-home, and to a significant increase in sales through e-commerce. Our teams continue to closely monitor the evolution of the pandemic - and the related changes in consumer behaviour it triggers - to ensure that we follow customer and consumer demand and adjust our operations accordingly. View the full release here: In the first half of 2020, JDE Peet’s was affected by the outbreak of the COVID-19 pandemic, which led to unprecedented circumstances for our company, employees, customers and suppliers. We also 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. Tools FAQs Email Alerts Print Page Contact IR. To determine organic sales in a given year, revenue in that year is translated at the average foreign exchange rate of the comparable year and excludes revenue from acquired/divested companies until 12 months following the transaction date. On May 26, 2020, JDE Peet’s published a prospectus in connection with the offering and the admission. Our liquidity position remains strong, with total liquidity of EUR 1,222 million consisting of a cash position of EUR 504 million and available committed RCF facilities of EUR 718 million. Underlying Profit is defined as Adjusted EBIT for the period including Financial Income and Expenses, Adjusted Taxes and Adjusted Income from associates and joint ventures. A live and on-demand audio webcast of the conference call will be available via JDE Peet’s’ Investor Relations website. Certain figures in these materials, including financial data, have been rounded. Organic sales growth is defined as the growth in organic sales between the given and comparable year. n.a. However, starting in June when restrictions were gradually lifted across markets, we saw good recovery. No assurance can be given that such future results will be achieved. Aug 4, 2020. 2020 Investor Day. Casey Keller (CEO) and Scott Gray (CFO) will host a conference call for analysts and institutional investors at 10:00 AM CET today to discuss the half-year results 2020. Adjusted EBIT increased organically by 74.4% to EUR 69 million in H1 20 largely reflecting lower operating expenses and a soft comparable basis. These Non-IFRS Measures are presented in addition to the figures that are prepared in accordance with IFRS. Adjusted EBIT increased organically by 18.2% to EUR 50 million in H1 20, largely driven by the growth in CPG and the transition of the ready-to-drink coffee business to a licensing partnership with Keurig Dr. Pepper. The easiest way is to search by name. These Non-IFRS Measures are presented in addition to the figures that are prepared in accordance with IFRS. As part of your year-end procedures, you must close your books for the fiscal year. Peet’s CPG business delivered strong double-digit organic sales growth, driven by the shift to in-home consumption and the popularity of Peet’s premium Beans, Ground and Single Serve offerings. On May 26, 2020, JDE Peet’s published a prospectus in connection with the offering and the admission. To register for this virtual event, visit the INFOCUS event page. Adjusted EBITDA are defined as operating profit before depreciation and amortisation, adjusted for the same factors as listed under Adjusted EBIT. Business coffee solutions by JDE Professional. Net Income. Nine-month report (pdf) The H&M group’s sales development and preliminary results in the third quarter 2020 (pdf) 2019. Limited service was maintained where possible in our coffee stores with pick-up and delivery. On May 26, 2020, JDE Peet’s published a prospectus in connection with the offering and the admission. Related Information HKEX Filings Investor News and Events. Certain figures in these materials, including financial data, have been rounded. We are well on track to reduce our leverage to below 3x net debt to adjusted EBITDA by the end of H1 21. Private postsecondary educational institutions are required by law to submit an Annual Report to the Bureau. Our global manufacturing and supply network, combined with a large portfolio of trusted brands and our strong, diversified go-to-market approach, means we are well-placed to withstand future economic uncertainties. According to Refinitiv data, European listings raised $918m in the first quarter of 2020, but the pipeline came to a halt in March. Annual Report 2019 (pdf) Sustainability Report 2019 (pdf) 2020. The measures used should not be considered as an alternative to profit (loss), revenue or any other performance measure derived in accordance with IFRS or to net cash provided by operating activities as a measure of liquidity. SUMMARY INDICATORS For the 2020 APCO Annual Report, Jacobs douwe Egberts AU Pty Ltd has achieved Level 4 (Leading) for the core crite ria. Throughout the crisis, our primary focus remained the same: the assurance of employees’ health and safety and maintaining business continuity. We understand that no business is the same, which is why we tailor the right coffee solution to meet your needs. M&A and divestures). Underlying profit - excluding non-recurring items - increased by 12.0% to EUR 393 million, due to a higher operating profit, which was partly offset by higher tax charges. EBIT that are not allocated to the segments. The Group cannot give any assurance that forward-looking statements will prove correct and investors are cautioned not to place undue reliance on any forward-looking statements. JDE Peet’s Reports Strong Half-year 2020 Results. Our company and the wider coffee and tea category continued to show strong resilience during the height of the COVID-19 crisis, despite global economic uncertainty. The forward-looking statements contained in these materials speak only as of the date of these materials. Reported sales decreased by 1.1% to EUR 308 million, which included a foreign exchange impact of -1.2% related to depreciation of the Australian dollar, New Zealand dollar and Singapore dollar. Sales in the coffee stores and away-from-home business were significantly impacted by the COVID-19 lockdowns. Annual Report: 2019 Annual Report (PDF – 3.7 MB) 2018 Annual Report (PDF – 903 KB) 2017 Annual Report (PDF – 1 MB) 2016 Annual Report (PDF – 1.1 MB) 2015 Annual Report (PDF – 472 KB) 2014 Annual Report (PDF – 855 KB) ... April 8, 2020. The volume/mix effect was driven by continued strong growth in the Single Serve and Freeze-dried instants offerings. The JDE Peet’s global portfolio includes: Jacobs, Peet’s, L’OR, Senseo, Tassimo and Ti Ora. This positive volume/mix effect was largely driven by the continued success of our Beans and Single Serve offerings, as well as increased in-home consumption because of changing consumer behaviour during the COVID-19 lockdowns. For further information on Non-IFRS Measures, see "Non-IFRS Measures" in the Group’s financial statements as of, and for, the six months ended 30 June 2020. In FY 2019, JDE Peet’s generated total sales of EUR 6.9 billion and had on average 21,255 employees worldwide. Statutory Trust Annual Reports are due by … Including the effects of foreign exchange and scope changes, adjusted EBIT increased by 9.1%. Organic growth consisted of 5.2% volume/mix growth which was partly offset by a price effect of -0.5%. The organic sales growth reflects a volume/mix of -0.9% and -0.2% in price. This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Organic sales are defined as revenue translated at the prior year average foreign exchange rate and adjusted for scope changes (a.o. The Group is not under any obligation to (and expressly disclaim any such obligation to) revise or update any forward-looking statements to reflect events or circumstances after the date of these materials or to reflect the occurrence of unanticipated events. Notes Financial Performance Indicators - Interim Report 01-09/2020 Interim Report 01-03/2020 Notes Financial Performance Indicators - Interim Report 01-03/2020 Applies to: JD Edwards EnterpriseOne HCM Foundation - Version 9.1 to 9.2 [Release 9.1 to 9.2] JD Edwards EnterpriseOne Human Resources Management - Version 9.1 to 9.2 [Release 9.1 to 9.2] JD Edwards EnterpriseOne Employee Self-Service - Version 9.1 to 9.2 [Release 9.1 to 9.2] Organic Adjusted EBIT are defined as Adjusted EBIT translated at the prior year average foreign exchange rate and adjusted for scope changes (a.o. For example, if your 'initial filing' date is May 15, your Annual Report is due May 1 of each year. No assurance can be given that such future results will be achieved. Organic growth consisted of a volume/mix effect of -0.2%, offset by a positive price effect of 0.3%. With a portfolio of more than 50 leading global, regional and local coffee and tea brands, JDE Peet’s offers an extensive range of high-quality and innovative coffee and tea products and solutions to serve consumer needs across markets, consumer preferences and price levels. These materials contain forward-looking statements as defined in the United States Private Securities Litigation Reform Act of 1995 concerning the financial condition, results of operations and businesses of the Group. These materials contain non-IFRS financial measures (Non-IFRS Measures), which are not liquidity or performance measures under IFRS. The measures used should not be considered as an alternative to profit (loss), revenue or any other performance measure derived in accordance with IFRS or to net cash provided by operating activities as a measure of liquidity. Including the effects of foreign exchange and scope changes, adjusted EBIT increased by 9.1%. Selection of historical financial data for JDE Peet’s for the period 2017 to 2019 By the end of June, most coffee stores were open with pick-up, delivery and limited inside service. These materials contain non-IFRS financial measures (Non-IFRS Measures), which are not liquidity or performance measures under IFRS. Financial Year Ended 2019. Rankings are based on revenue, unless otherwise stated. To determine organic Adjusted EBIT in a given year, Adjusted EBIT in that year is translated at the average foreign exchange rate of the comparable year and excludes Adjusted EBIT from acquired/divested companies until 12 months following the transaction date. All references to industry forecasts, industry statistics, market data and market share in these materials comprise estimates compiled by analysts, competitors, industry professionals and organisations, of publicly available information or of the Group's own assessment of its markets and sales. Per share data are based on a pro-forma average number of shares of 499 million. Savings in operating expenses were offset by bad debt provisions. There are a number of factors that could affect the Group’s future operations and could cause those results to differ materially from those expressed in the forward-looking statements including (without limitation): (a) competitive pressures and changes in consumer trends and preferences as well as consumer perceptions of its brands; (b) fluctuations in the cost of green coffee, including premium Arabica coffee beans, tea or other commodities, and its ability to secure an adequate supply of quality or sustainable coffee and tea; (c) global and regional economic and financial conditions, as well as political and business conditions or other developments; (d) interruption in the Group's manufacturing and distribution facilities; (e) its ability to successfully innovate, develop and launch new products and product extensions and on effectively marketing its existing products; (f) actual or alleged non-compliance with applicable laws or regulations and any legal claims or government investigations in respect of the Group's businesses; (g) difficulties associated with successfully completing acquisitions and integrating acquired businesses; (h) the loss of senior management and other key personnel; and (i) changes in applicable environmental laws or regulations. On 29 May 2020, the company was successfully listed on the Euronext Amsterdam stock exchange. Our global manufacturing and supply network, combined with a large portfolio of trusted brands and our strong, diversified go-to-market approach, means we are well-placed to withstand future economic uncertainties. These Non-IFRS Measures are presented in addition to the figures that are prepared in accordance with IFRS. Wenda's political gambit backfires in Papua, President Jokowi warns Indonesian ministers to not commit corruption, OMRON strengthens engagement with AliveCor with series E investment, reinforces cross-company alliance for remote cardiovascular condition management, President Jokowi appoints Effendy as acting Social Affairs Minister, Governor plans to build railroad in South Sulawesi, South Coast of Yogyakarta not significantly impacted by supermoon. On May 29, 2020, JDE Peet’s announced the final pricing terms of the offering, and JDE Peet’s and the selling shareholders, including the company, agreed to sell at a price of €31.50 per ordinary share a total of approximately 82.1 million ordinary shares, including ordinary shares … ... Investor Relations Key Facts Reports & Presentations Regulatory News & Results Financial Calendar Share Price Shareholder Information Email Alerts Offer for Footasylum Plc; Starting in June, we have seen good recovery in our away-from-home businesses. 2020 Report of the Secretary-Generalon the Work of the Organization For further information on Non-IFRS Measures, see "Non-IFRS Measures" in the Group’s financial statements as of, and for, the six months ended 30 June 2020. Apr 17, 2015. The organic sales decline was driven by volume/mix of -27.3% and a price effect of -2.1%. Assuming this trend continues, we expect positive organic sales growth for FY 20. More information can be found in the Interim Financial Statements. Organic growth was driven by volume/mix growth of 7.0%, which was slightly offset by a price effect of -0.8%. In preparing the financial information included in these materials, most numerical figures are presented in millions of euro. Net leverage ratio is defined as net debt divided by Adjusted EBITDA of the last twelve months. All references to industry forecasts, industry statistics, market data and market share in these materials comprise estimates compiled by analysts, competitors, industry professionals and organisations, of publicly available information or of the Group's own assessment of its markets and sales. Historical Financial Data. Applies to: JD Edwards EnterpriseOne General Ledger - Version XE and later Information in this document applies to any platform. Adjusted EBIT increased organically by 34.4% to EUR 109 million in H1 20, mainly driven by higher sales and lower expenses. Download. While uncertainty remains on the future implications COVID-19 may have on global markets, we have seen positive signs of improvement starting in June as markets began to reopen. During the company's 2020 annual testing of non-amortizable intangible assets, the company recorded approximately $54 million of impairment charges in the third quarter of 2020 related to three gum and chocolate brands. Underlying profit - excluding non-recurring items - increased by 12.0% to EUR 393 million, due to a higher operating profit, which was partly offset by higher tax charges. There are a number of factors that could affect the Group’s future operations and could cause those results to differ materially from those expressed in the forward-looking statements including (without limitation): (a) competitive pressures and changes in consumer trends and preferences as well as consumer perceptions of its brands; (b) fluctuations in the cost of green coffee, including premium Arabica coffee beans, tea or other commodities, and its ability to secure an adequate supply of quality or sustainable coffee and tea; (c) global and regional economic and financial conditions, as well as political and business conditions or other developments; (d) interruption in the Group's manufacturing and distribution facilities; (e) its ability to successfully innovate, develop and launch new products and product extensions and on effectively marketing its existing products; (f) actual or alleged non-compliance with applicable laws or regulations and any legal claims or government investigations in respect of the Group's businesses; (g) difficulties associated with successfully completing acquisitions and integrating acquired businesses; (h) the loss of senior management and other key personnel; and (i) changes in applicable environmental laws or regulations. In H1 20, total sales decreased by 1.1% on an organic basis. 1 Underlying earnings (per share) excludes all adjusting items (net of tax), 2 Based on a pro-forma average number of shares of 499 million. Adjusted EBIT decreased from EUR 89 million in H1 19 to EUR (8) million in H1 20 due to declining sales. Explore our 2020 Annual Report to learn more about our global commitments, development results, and project and financial highlights from July 1, 2019 to June 30, 2020. These materials do not constitute an offer to sell or issue, or a solicitation of an offer to purchase or subscribe for, any securities in any jurisdiction. Apr 19, 2016. M&A and divestures). Organic growth was driven by volume/mix growth of 7.0%, which was slightly offset by a price effect of -0.8%. More information can be found in the Interim Financial Statements. 2015 Annual Report 10.9 MB. We also 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. Underlying Profit is defined as Adjusted EBIT for the period including Financial Income and Expenses, Adjusted Taxes and Adjusted Income from associates and joint ventures. Organic Adjusted EBIT are defined as Adjusted EBIT translated at the prior year average foreign exchange rate and adjusted for scope changes (a.o. Strong performance reflects resilience of business and brands, AMSTERDAM--(BUSINESS WIRE)--A message from Casey Keller, CEO of JDE Peet’s, “JDE Peet’s delivered strong performance in the first half of 2020, demonstrating the resilience of our business and brands despite the unprecedented economic and social disruption of COVID-19. 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