JDE Full-Year Report 2023

Highlights

• Organic sales up +3.9% (H2 23: +4.3%), with positive volume/mix momentum in H2
• Organic adj. EBIT up +1.1% (H2 23: +5.5%); up more than 6% FY when excluding Russia’s performance
• Organic adj. gross profit increased +2.9% (H2 23: +4.7%), from premiumization and efficiencies
• Free cash flow of EUR 522 million and leverage of 2.7x, despite currency headwinds
• Underlying EPS of EUR 1.51, with strong operating result offset by fair value changes of derivatives & FX
• GHG emissions reduced by 9% in 2023, cumulating to -21% in Scope 1 & 2 and -9% in Scope 3 vs 2020
• Proposal to pay a cash dividend of EUR 0.70 per share in two equal installments