Jacobs coffee maker JDE Peet's sets mid-term targets as part of new strategy

JDE Peets NV

01/07/2025 07:16

July 1 (Reuters) - Coffee and tea company JDE Peet's JDEP.AS set new medium-term targets on Tuesday as it unveiled a brand-led strategy to accelerate profitable growth ahead of its investor day event.
The Dutch maker of coffee brands Jacobs, L'Or, Tassimo and Douwe Egberts expects its gross profit to grow between 4% and 7% in 2030-2032 and beyond, with an adjusted operating profit growth of 5% to 8% and a cumulative free cash flow of at least 3.5 billion euros ($4.12 billion).

($1 = 0.8487 euros)

 (Reporting by Mathias de Rozario in Gdansk, editing by Milla Nissi-Prussak)

 ((mathias.derozario@thomsonreuters.com))