Royal Unibrew reports strong Q3 growth in volume, revenue, and profitability.

From GlobeNewswire: 2024-11-12 10:59:00

In Q3 2024, Royal Unibrew saw strong growth with organic volume up 8% and total volume up 35%. Net revenue increased 8% to DKK 4,083m. EBIT grew 25% organically, with an EBIT margin of 16.5%. Strategic acquisitions and business transfers were also made during the quarter.

CEO Lars Jensen expressed satisfaction with the Q3 performance, highlighting strong momentum and profitability improvements. The company’s focus on efficiency and driving profitable growth across all sectors led to a positive outcome. Investments in high-quality brands and innovation are expected to drive future growth and value creation.

The full-year outlook for 2024 remains positive, with expectations of net revenue exceeding DKK 15bn. EBIT growth guidance has been narrowed to 15-19%, with acquisitions expected to contribute around DKK 85m. The company anticipates a normal year without extraordinary impacts, with financial expenses estimated at around DKK 90m.

Royal Unibrew’s financial calendar for 2025 includes key dates for quarterly trading statements, the annual report, and the Annual General Meeting. Forward-looking statements in the trading statement address potential risks and uncertainties that could impact the company’s results, emphasizing the importance of considering these factors in assessing future performance.



Read more at GlobeNewswire:: Q3 2024 Trading Statement – Strong earnings improvement and