Dutch JDE Peet's soars to near two-year high on half-year profit beat

JDE Peets NV

30/07/2025 08:53

** Shares in coffee and tea company JDE Peet's JDEP.AS rise as much as nearly 13% to 27 euros per share, its highest level in almost two years

** Co's half-year results beat market expectations

** "Adjusted EBIT beat came from Europe," J.P.Morgan says, referring to group's main market, which profited on stocking up before the expected hike in coffee prices

** The group earlier mentioned that results in 2025 would likely be back end loaded - KBC Securities

** J.P.Morgan and KBC analysts also highlight co's improved outlook

** YTD, shares were up 44.8%​, up to previous close

($1 = 0.8659 euros)

 (Reporting by Mateusz Rabiega)

 ((Mateusz.rabiega@thomsonreuters.com))