jde annual report 2020

The away-from-home businesses were challenged during the COVID-19 lockdowns. 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. Published December 4, 2020 • Updated on December 4, 2020 at 12:26 pm Getty Images As the nation looks forward to 2021, Grubhub is looking back at how Americans ate their way through 2020. Actual events or results may differ materially as a result of risks and uncertainties facing the Group. We understand that no business is the same, which is why we tailor the right coffee solution to meet your needs. Since the outbreak of the COVID-19 pandemic, we have taken proactive, precautionary measures to ensure the health and safety of our employees, and to protect business continuity. These Non-IFRS Measures are presented in addition to the figures that are prepared in accordance with IFRS. 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. 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. M&A and divestures). Per share data are based on a pro-forma average number of shares of 499 million. Rankings are based on revenue, unless otherwise stated. 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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. Adjusted EBITDA are defined as operating profit before depreciation and amortisation, adjusted for the same factors as listed under Adjusted EBIT. 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. In tables, negative amounts are shown in parentheses. 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. 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. 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. Out of Home 336 -29.5 % -29.8 % (8 ) n.a. 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. Annual Reports Annual Reports Date Title; Apr 15, 2020. Through our brands, we have also donated more than 20 million cups of coffee and tea to the health care sector and foodbanks. Free cash flow of EUR 402 million included costs related to the IPO and higher levels of inventory required to maintain supply continuity during the COVID-19 crisis. 2016 Annual Report 3.7 MB. Per share data are based on a pro-forma average number of shares of 499 million. Applies to: JD Edwards EnterpriseOne General Ledger - Version XE and later Information in this document applies to any platform. On May 26, 2020, JDE Peet’s published a prospectus in connection with the offering and the admission. n.a. 2015 Annual Report 10.9 MB. Actual events or results may differ materially as a result of risks and uncertainties facing the Group. Certain figures in these materials, including financial data, have been rounded. 12 2020 FSOC // Annual Report 40 50 60 70 80 40 50 60 70 80 1990 1994 1998 2002 2006 2010 2014 2018 1990-Present Average 3.1.3 Owners’ Equity as Share of Household Real Estate Percent Percent Source: Federal Reserve, Haver Analytics As Of: 2020 Q2 Note: Gray bars signify NBER recessions. More information can be found in the Interim Financial Statements. 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. By the end of June, most coffee stores were open with pick-up, delivery and limited inside service. 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 growth consisted of a volume/mix effect of -0.2%, offset by a positive price effect of 0.3%. The JDE Peet’s global portfolio includes: Jacobs, Peet’s, L’OR, Senseo, Tassimo and Ti Ora. Total reported sales decreased by 2.9% to EUR 3,236 million. 2020 Investor Day. We are well on track to reduce our leverage to below 3x net debt to adjusted EBITDA by the end of H1 21. 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. 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. 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. Adjusted taxes are defined as taxes adjusted for the effect of the non-recurring items mainly related to non-deductible expenses and changes in tax reserves and recognised deferred tax assets. Annual Reports for corporations, LLCs, LPs, RLLPs and SFs are due on the first day of the anniversary month of formation. These materials contain non-IFRS financial measures (Non-IFRS Measures), which are not liquidity or performance measures under IFRS. Adjusted EBIT increased organically by 16.3% to EUR 558 million in H1 20, driven by higher sales and lower expenses during the COVID-19 crisis. For more information please visit. Adjusted EBIT decreased from EUR 89 million in H1 19 to EUR (8) million in H1 20 due to declining sales. Thursday, September 17, 2020 Nova Brasilia coffee celebrates production of its 500 millionth pack for the Bulgarian market JDE celebrates 25 years of international coffee production together with Bulgarian partners and the diplomatic community at Kostinbrod factory. 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Organic sales growth is defined as the growth in organic sales between the given and comparable year. Assuming this trend continues, we expect positive organic sales growth for FY 20. Download. Organic growth consisted of a volume/mix effect of -4.1% and a price effect of 3.4%. Net Income. 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. Across the business, April and May were most severely impacted. JDE Peet’s is the world's largest pure-play coffee and tea group by revenue, serving approximately 130 billion cups of coffee and tea in the financial year ended 31 December 2019 (“FY”) in more than 100 developed and emerging countries. “Captain Tsubasa: Dream Team” worldwide release 3rd anniversary kicks off today! 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] Australia, New Zealand and China experienced strong in-home growth during the COVID-19 crisis. Business coffee solutions by JDE Professional. Throughout the crisis, our primary focus remained the same: the assurance of employees’ health and safety and maintaining business continuity. Annual Report 2019 (pdf) Sustainability Report 2019 (pdf) 2020. These forward-looking statements and other statements contained in these materials regarding matters that are not historical facts involve predictions. Reported sales decreased by 3.1% to EUR 492 million, including a foreign exchange impact of -9.4% driven by the depreciation of the Brazilian real, the Russian ruble, the Turkish lira and the South African rand. Adjusted EBIT increased organically by 10.5% to EUR 642 million driven by double-digit growth in all three CPG segments and Peet’s, offset by a decline in the Out-of-Home segment. Organic sales growth is defined as the growth in organic sales between the given and comparable year. We continue to make significant progress on our deleveraging priority and we are well on track to reduce our leverage below 3.0x by the end of H1 21. 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. Adjusted EBIT increased organically by 74.4% to EUR 69 million in H1 20 largely reflecting lower operating expenses and a soft comparable basis. Adjusted EBITDA are defined as operating profit before depreciation and amortisation, adjusted for the same factors as listed under Adjusted EBIT. 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