07.06.2020 from Harald Mohring

Successful IPO of JDE Peet's

The Luxembourg-based company JDE Peet's was successfully launched on the stock exchange on 29.05.2020 under the WKN A2P0E9. The name was created from the top-selling brands Jacobs (Germany), Douwe Egberts (Netherlands) and Peet's Coffee (USA). The brands are represented in over 140 countries. These include coffee brands:

• Jacobs
• Douwe Egberts
• L'OR
• Piazza D'Oro
• Cafitesse
• Promesso
• Splendid
• Peet's Coffee
• Balzac
• Café Hag
• Senseo
• Tassimo
• Maxwell House
• Moccona
• Pilão
• Kenco

In addition to coffee and espresso, the portfolio includes tea, instant coffee, capsule and pad systems (Senseo and Tassimo) and coffee house chains. JDE Peet's expects a turnover of approx. 7 billion euros for 2020. The operating result for 2019 was just under 1.3 billion euros.