In This Article:
JDE Peet's (AMS:JDEP) Full Year 2024 Results
Key Financial Results
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Revenue: €8.84b (up 7.9% from FY 2023).
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Net income: €561.0m (up 53% from FY 2023).
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Profit margin: 6.3% (up from 4.5% in FY 2023). The increase in margin was driven by higher revenue.
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EPS: €1.15 (up from €0.76 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
JDE Peet's Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 17%.
The primary driver behind last 12 months revenue was the Europe (Incl. Out-Of-Home) segment contributing a total revenue of €4.72b (53% of total revenue). Notably, cost of sales worth €5.58b amounted to 63% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to €2.19b (81% of total expenses). Explore how JDEP's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Food industry in Europe.
Performance of the market in the Netherlands.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on JDE Peet's' balance sheet.
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