Frequently Asked Questions

JDE Peet’s is the world's leading pure-play coffee and tea company, serving approximately 4,100 cups of coffee or tea per second. JDE Peet's unleashes the possibilities of coffee and tea in more than 100 markets with a portfolio of over 50 brands including L’OR, Peet’s, Jacobs, Senseo, Tassimo, Douwe Egberts, Old Town, Super, Pickwick and Moccona. In 2023, JDE Peet’s generated total sales of EUR 8.2 billion and employed a global workforce of more than 21,000 employees.

JDE Peet’s distributes its products to both In-Home and Away-from-Home consumers. Our In-Home consumer packaged goods are distributed through retailers or directly to consumers online. Our Away-from-Home products are sold through coffee stores as well as to a variety of businesses, both public and private, such as corporations, hospitals, and universities.

In 2023, JDE Peet's employed a workforce of more than 21,000 employees.

At JDE Peet's, we recognise that our business activities impact the environment and the communities in which we operate. Sourcing our raw materials responsibly, taking care of the environment, and engaging our own employees and communities are all important principles that guide our business activities. Within this context, our sustainability strategy focuses on those issues that are most material to our business and where we can have the greatest impact given the reach of our operations, supply chain and value chain. In line with feedback from our stakeholders, our corporate responsibility strategy is underpinned by a commitment to Responsible Business Practices and is built on three pillars:

• Responsible Sourcing – Sourcing for better: We are championing regenerative agriculture to enhance livelihoods and positively impact our planet
• Minimising Footprint – Towards planet positive: We are striving towards a planet-positive supply chain through innovation and collaboration on sustainable solutions
• Connecting People – We are engaging colleagues and communities through the joy of coffee and tea to support wellbeing and promote equal opportunity

More information can be found in the Sustainability section of our website and in our 2023 Annual Report.

At JDE Peet’s, we focus on those issues that are most material to our business and where we can have the greatest impact given the reach of our operations, supply chain and value chain. In line with feedback from our stakeholders, we have set primary targets for our sustainability programme which can be found in the Sustainability section of our website and on page 43 in our 2023 Annual Report.

One of our most material challenges is the responsible sourcing of coffee & tea, our two key raw materials, which are grown in countries that face significant socio-economic and environmental challenges. Common Grounds aims to address these challenges by identifying the main issues occurring along the entire supply chain, so that we can work with supply chain participants to develop solutions that ultimately lead to value creation for the company and our stakeholders.

We believe responsible sourcing is about understanding our supply chain and taking action to avoid and mitigate the risk of negative impacts when sourcing agricultural commodities. Our Responsible Sourcing Principles and our Supplier Code of Conduct address the key risks we have identified, such as working conditions, environmental practices, safety standards and human rights.

Our response through Common Grounds is to co-fund the development of resilient coffee cultivars and the promotion of regenerative agricultural practices, as well as investing in projects to build the capacities of smallholder farmers. We believe that training farmers in regenerative agriculture will lead to improved coffee yields and farmers' income, while helping to prevent deforestation. This will contribute to a sustainable coffee supply going forward, benefiting all of our stakeholders.

Also further down the supply chain, in the production and packaging of our products, we manage the use of resources (“Minimising footprint” p68 in our 2023 Annual Report), limit the environmental impact and promote circularity (“Working towards sustainable packaging and reduced waste” on p75 in our 2023 Annual Report).

More information can be found in the Sustainability section of our website and on p15 (Our sustainable supply chain) and p42 (Common Grounds) in our 2023 Annual Report.

JDE Peet’s was listed and began trading on the Euronext Amsterdam stock exchange on 29 May 2020 under the ticker “JDEP” and ISIN code NL0014332678.  Options on JDE Peet’s ordinary shares began trading on the European Option Exchange in Amsterdam (Euronext.Liffe) on 14 August 2020. 

JDE Peet’s shares can be purchased through most brokerage firms, including online brokerage services. Your bank or a stockbroker will be able to advise you, or you could contact an independent financial advisor. 

As of 11 November 2024, the total number of issued and outstanding ordinary shares in the share capital of JDE Peet’s amounted to 487,863,763 shares.

The Dutch Financial Markets Supervision Act requires institutions and individuals holding a (potential) capital and/or voting interest of 3% or more in JDEP to disclose such to the Netherlands Authority for the Financial Markets (AFM). The AFM processes these disclosures in its publicly available register, which can be found at www.afm.nl. 

These stated interests could differ from the current interests of the relevant shareholders as the fillings are only updated when a threshold is crossed. Additionally, institutions only have to update their filings if their capital and/or voting interest crosses various thresholds, such as the 3% or a subsequent 5% threshold. 

More information on our shareholder base and structure can be found on this page.  

Information about JDE Peet’s’ Board of Directors can be found on this page. 

An overview of the share ownership for each member of JDE Peet's' Board of Directors can be found on page 186 and 187 of the 2023 Annual Report.

Historical financial information on JDE Peet’s can be found in our IPO prospectus, as well as in our results publications which can be accessed on this page.  

JDE Peet’s’ products are available in more than 100+ markets and in many different forms.

In 2023, our sales of EUR 8.2 billion were split as per the chart below: 

JDE Peet's expects the following for 2024:

• Organic sales growth at the higher end of its medium-term range of 3 - 5%;
• Organic adjusted EBIT growth of around 10%;
• Free cash flow of at least EUR 850 million;
• Net leverage below 3x;
• Stable dividend.

• Organic sales growth of 3 to 5% 
• Mid-single-digit organic adjusted EBIT growth with quality margins 
• Stable to increasing dividends over time

The dividend policy of JDE Peet’s intends to preserve the independence of the company and maintain a healthy financial structure. Dividend distribution will be done in a prudent and disciplined manner, ensuring that the company retains sufficient earnings to fulfil its first three capital allocation priorities, which are key to the sustainable development of the business. The ability and intention of the company to declare and pay dividends in the future will mainly depend on its financial position, results of operations, capital requirements, investment prospects, the existence of distributable reserves and available liquidity and such other factors as the Board may deem relevant; and are subject to factors that are beyond the company's control.

Subject to the aforementioned limitations, the company intends to provide a stable or increasing dividend per share, while the pace will be determined by the company’s capital allocation priorities. These dividends will be paid in two equal instalments.

Dividend in cash is, in principle, subject to 15% Dutch dividend withholding tax, which will be deducted from the dividend in cash paid to shareholders. A shareholder's claim to payments of dividends lapses five years after the day on which the claim became payable. Any dividends that are not collected within this period revert to the company.

Information about JDE Peet’s’ debt and debt structure can be found on this page.