ROYAL UNIBREW: H1 2020 hit is priced in - increase to Buy | BUY vs. NEUTRAL | DKK530 vs. DKK540 (+20%)
ROYAL UNIBREW - BUY vs. NEUTRAL | DKK530 vs. DKK540 (+20%)H1 2020 hit is priced in - increase to Buy
Supermarkets are not compensating for lower pub sales
Operating profit expected to be down low double digit
Improved M&A prospects
Royal Unibrew is a holding company based in Denmark. Co. is engaged in the production, marketing, sale and distribution of beverages. Co.'s main focus is on branded products, such as beer, malt, and soft drinks, including carbonated soft drinks, mineral water and fruit juices. Co.'s portfolio comprises both its own international brands, such as Royal, Ceres, Faxe, and national brands, such as Lomza in Poland, Lacplesa Alus in Latvia. Co. also offers license-based brands, such Heineken and the Pepsi Group's products, which are distributed in Denmark on the basis of license agreements. Co. is primarily active in Western and Eastern Europe and in the international malt drinks markets. .
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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