Coffee company JDE Peet's reports mixed H1 numbers, repeats FY targets
- Revenues were 3.25 billion euros, up from 3.24 billion in the corresponding period a year earlier
AMSTERDAM: Coffee company JDE Peet's reported on Wednesday better-than-expected revenues and operating profit for the first half of 2021, amid a halting recovery as the coronavirus pandemic eased in some areas.
Revenues were 3.25 billion euros, up from 3.24 billion in the corresponding period a year earlier.
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Adjusted operating profit (EBIT) was 636 million euros, down from 642 million, which the company said was due in part to unfavorable exchange rates.
Analysts in a company-compiled poll had seen revenues at 3.28 billion euros and EBIT at 610 million euros.
The company repeated a March forecast for organic sales growth of 3% to 5% for the full year and a "single-digit" increase in adjusted EBIT.
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