Royal UNIBREW A/S
RBREW
ISIN DK0060634707 / Valor 28088825
Royal UNIBREW A/S
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About company
Royal UNIBREW A/S is a Danish-headquartered, publicly listed beverage company (Nasdaq Copenhagen) that manufactures, markets and distributes a broad portfolio of alcoholic and non‑alcoholic drinks. Its offerings include beer and cider alongside soft drinks, bottled water and ready‑to‑drink products, and it has expanded its range to include no‑/low‑alcohol and no‑/low‑sugar variants. The company combines locally established brands with internationally recognized and licensed names and operates production facilities, brand management and distribution networks to sell through retail, on‑trade and export channels across several European markets and selected international territories.
Summarized from source with an LLMView SourceSector: Consumer Non-CyclicalsLatest Results (27.08.2026):
Royal UNIBREW A/S — Q4 / Full-year 2025 (FY2025): The company reported solid full‑year 2025 results with net revenue of DKK 15,723m (+5% year‑on‑year; organic ~+3%), EBIT of DKK 2,202m (+12%), and an expanded EBIT margin of 14.0% (up 0.9 percentage point). Free cash flow was DKK 1,413m, adjusted EPS was DKK 31.4 (+25%), net interest‑bearing debt to EBITDA finished at 2.0x, the Board proposes a DKK 16.0 ordinary dividend per share and the company executed DKK 550m of share buy‑backs. Guidance for 2026 targets organic EBIT growth of 6–10% (long‑term target 6–8%).
Headline financials
Net revenue DKK 15,723m (+5% YoY, organic ~+3%); EBITDA DKK 2,931m; EBIT DKK 2,202m (+12%); adjusted EPS DKK 31.4 (+25%). EBIT margin improved to 14.0% from 13.1% in 2024.
Volumes and category mix
Group volumes ~18.1 million hl (+4%). Growth categories (no/low CSD, enhanced drinks, RTD, premium) accounted for ~60% of Group revenue and drove top‑line resilience despite soft consumer demand.
Cash flow and capital allocation
Free cash flow (excl. acquisitions) DKK 1,413m. CAPEX DKK 1,007m (~6–6.4% of revenue). Share buy‑backs of DKK 550m executed in 2025; proposed ordinary dividend DKK 16.0 per share. Dividend payout ratio ~51%.
Balance sheet and leverage
Net interest‑bearing debt DKK 5,730m; NIBD/EBITDA 2.0x (below the <2.5x target threshold). Equity ratio ~37%. The Board retains financial flexibility while supporting buy‑backs and dividends.
Outlook for 2026
Guidance: organic EBIT growth of 6–10% (implied EBIT DKK 2,325–2,425m). Assumptions include continued challenging consumer environment, capex ~7% of revenue, net financial expenses ~DKK 250m, effective tax rate ~22%, and no material M&A impact assumed.
Segment & strategic progress
Northern Europe remains the core market (largest share of revenue). Western Europe and International showed positive developments. Continued focus on operational efficiencies, SAP S/4HANA rollouts and integration actions (e.g., consolidation in Norway) to support margins and ROIC.
Sustainability and operational efficiency (financial relevance)
Operational efficiency and sustainability contributed to margin expansion: scope 1–3 (SBTi, market‑based) emissions down to 465 mkgCO2e (~‑10% YoY), CSD revenue with no/low sugar increased to 68%, water usage declined ~4%, and lost‑time incident frequency improved materially. The company reiterates a 2030 supply‑chain CO2 reduction ambition (‑60%) which is expected to reduce future cost and reputational risks.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
3047 M
Market cap (USD)
102,053
Daily traded volume (Shares)
509.5 / 502.5
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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