Coffee maker JDE Peet’s has benefited from the many working from home because of the corona crisis. The company recorded a record with the sale of products for the home, such as coffee cups, according to the half-year figures on Tuesday.
Due to the corona crisis, sales of outdoor products came to a standstill, particularly in April and May, the company writes in its semi-annual report. Sales picked up a bit in June, but JDE Peet’s total sales were 2.9 percent lower.
But because the company has to rely mainly on the products for the home, 10.5 percent of the profit before tax grew. Adjusted for exchange rate effects, earnings growth is still over 9 percent.
The company consists of the originally Dutch JDE (Jacobs Douwe Egberts) and the American Peet’s. At the end of May, JDE Peet’s was listed on the Amsterdam stock exchange