Earnings Call Summary | JDE PEETS N.V.(JDEPF.US) Q4 2023 Earnings Conference
Earnings Call Summary | JDE PEETS N.V.(JDEPF.US) Q4 2023 Earnings Conference
The following is a summary of the JDE Peet's N.V. (JDEPF) Q4 2023 Earnings Call Transcript:
以下是JDE Peet's N.V.（JDEPF）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
JDE Peet's noted an organic sales growth of 4.3% for the second half of 2023 and an increase in adjusted EBIT by 5.5% organically.
The company reduced net debt and achieved a net leverage of 2.7x, generating €0.5 million in free cash flow in the 2nd half of 2023.
For 2023, the company reported an overall organic sales growth of 3.9% and an adjusted EBIT growth of 1.1%; without Russia's performance, the growth would have been over 6%.
The underlying earnings per share for 2023 was €1.51, with a net debt decrease of €160 million.
The company expects a mid-single digit organic growth in adjusted EBIT for the second half of 2024, and a low single-digit growth for the first half.
The net leverage is projected to be around 3x by end of 2024, with free cash flow expected to exceed the 2023 level.
JDE Peet's指出，2023年下半年的有機銷售增長了4.3％，調整後的息稅前利潤有機增長了5.5％。
該公司減少了淨負債，實現了2.7倍的淨槓桿率，在2023年下半年創造了50萬歐元的自由現金流。
該公司報告稱，2023年的整體有機銷售增長3.9％，調整後的息稅前利潤增長1.1％；如果沒有俄羅斯的表現，增長將超過6％。
2023年的基礎每股收益爲1.51歐元，淨負債減少1.6億歐元。
該公司預計，2024年下半年調整後的息稅前利潤將實現中等個位數的有機增長，上半年將出現較低的個位數增長。
預計到2024年底，淨槓桿率將達到3倍左右，自由現金流預計將超過2023年的水平。
Business Progress:
業務進展：
JDE Peet's is in the process of a transformation with 5 operating facilities closed, SKU count reduced by over 20%, and workforce reduced by 10% by the end of 2023.
The company doubled investment in development areas such as working media, R&D, product innovations, sustainability, and digital/e-commerce capabilities.
In line with sustainability efforts, JDE Peet's responsibly sourced green coffee increased from 21% in 2020 to 98% in 2023, reducing greenhouse gas emissions by 9.3% in 2023.
Plans are in place to conclude two transactions in Q1 2024, one with Marata's coffee and tea in Brazil and a global CPG license of Caribou Coffee.
Business expansion in the U.S. market, replicating their European aluminum capsule agenda, is underway.
The company is anticipating a recovery in the coffee industry post-pandemic, based on observed consumer behavior.
A proposal to the AGM in May to pay a dividend of €0.70 per share for the full year 2023 has been made by the board.
JDE Peet's正在進行轉型，到2023年底，關閉了5個運營設施，SKU數量減少了20％以上，員工人數減少了10％。
該公司在工作媒體、研發、產品創新、可持續發展和數字/電子商務能力等開發領域的投資翻了一番。
爲了實現可持續發展，JDE Peet的負責任採購的綠色咖啡從2020年的21％增加到2023年的98％，在2023年減少了9.3％的溫室氣體排放。
計劃在2024年第一季度完成兩筆交易，一項涉及馬拉塔在巴西的咖啡和茶，以及Caribou Coffee的全球CPG許可證。
美國市場的業務擴張正在進行中，複製了他們的歐洲鋁膠囊議程。
根據觀察到的消費者行爲，該公司預計咖啡行業將在疫情後復甦。
董事會已向5月的股東周年大會提議，在2023年全年派發每股0.70歐元的股息。
More details: JDE PEETS N.V. IR
更多詳情： JDE PEETS N.V. IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。