reports
- ABGSC Food & Beverage Research
- Peter Sehested
- Jesper Ingildsen
Royal Unibrew (Buy, TP: DKK675.00) - Strong Q3, as expected
Royal Unibrew reported largely in line with our forecasts when adjusted for a positive one-off, with c27% organic EBIT growth, driven by a solid performance across all regions. As expected, based on YTD performance and tough comparables in Q4, the company narrowed its 2024 organic EBIT growth guidance from 14–19% to 15–19% YOY (consensus c17%). We reiterate our BUY and DKK675 target price.
- ABGSC Food & Beverage Research
- Peter Sehested
Q3 2024 Trading Statement - Strong earnings improvement and EBIT margi...
Q3 2024 Trading Statement - Strong earnings improvement and EBIT margin expansion Company Announcement No 18/2024 – November 12, 2024 Key highlights in Q3 2024 Organic volume growth 8% in Q3. Total volume growth of 35%Organic net revenue increased by 8% to DKK 4,083m in Q3. Total revenue growth of 22%Market shares were gained or maintained in most countriesOrganic EBIT growth 25%. EBIT from acquisitions DKK 41m in Q3. Total EBIT growth 33%EBIT margin increased to 16.5% in Q3 (Q3 2023: 15.2%)PepsiCo’s beverage business in Belgium and Luxembourg was transferred to Royal Unibrew on ...
- ABGSC Food & Beverage Research
- Peter Sehested
Royal Unibrew A S: 1 director
A director at Royal Unibrew A S bought 620 shares at 582.500DKK and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...
Transactions by persons discharging managerial responsibilities and/or...
Transactions by persons discharging managerial responsibilities and/or persons closely associated COMPANY ANNOUNCEMENT NO 17/2024 – September 16, 2024 Royal Unibrew A/S hereby makes public pursuant to article 19(3) of regulation (EU) no. 596/2014 of the European Parliament and of the Council on market abuse the information on the below transaction related to shares in Royal Unibrew A/S made by persons discharging managerial responsibilities in Royal Unibrew A/S and/or persons closely related with them. 1Details of the person discharging managerial responsibilities/person closely associated...
Transactions by persons discharging managerial responsibilities and/or...
Transactions by persons discharging managerial responsibilities and/or persons close associated COMPANY ANNOUNCEMENT NO 16/2024 – August 26, 2024 Royal Unibrew A/S hereby makes public pursuant to article 19(3) of regulation (EU) no. 596/2014 of the European Parliament and of the Council on market abuse the information on the below transaction related to shares in Royal Unibrew A/S made by persons discharging managerial responsibilities in Royal Unibrew A/S and/or persons closely related with them. 1Details of the person discharging managerial responsibilities/person closely as...
- ABGSC Food & Beverage Research
- Peter Sehested
- Jesper Ingildsen
Royal Unibrew (Buy, TP: DKK675.00) - Slight miss on weather
Overall, the Q2 results fell slightly shy of consensus, but this was mainly driven by poor weather, which we believe is unlikely to come as much of a surprise to investors given recent competitor reports. Adjusted for the weather, momentum still seems strong, with the company narrowing its 2024 organic EBIT growth guidance from 9–19% to 14–19% YOY (consensus 17.5%). We reiterate our BUY and DKK675 target price.
- ABGSC Food & Beverage Research
- Peter Sehested
Interim Report for H1 2024
Interim Report for H1 2024 COMPANY ANNOUNCEMENT NO 15/2024 – AUGUST 22, 2024 EBIT growth of 22% in H1 2024 driven by International and Western Europe Key highlights from H1 2024: Top-line development as expected with strong momentum and continued market share gains. Organic volume growth of 3% and organic net revenue growth of 6%.The profitability per hectoliter has been re-established across markets after years of inflation and FX volatility.The organic EBIT growth of 16% was driven by efficiencies, resulting in an EBIT margin of 11.7%.Integration processes in Norway, the Netherla...
- ABGSC Food & Beverage Research
- Peter Sehested
- MarketLine Department
Harboes Bryggeri AS - Company Profile and SWOT Analysis
Summary Harboes Bryggeri AS - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Harboes Bryggeri AS (Harboes) is a producer, marketer and seller of alcoholic and non-alcoholic beverages. The company's product portfolio includes beer, non-alcoholic malt beverages, energy drinks,...
- Jesper Ingildsen
Royal Unibrew (Buy, TP: DKK675.00) - Organic EBIT growth to accelerate
We expect Royal Unibrew to achieve another quarter with solid top-line growth only slightly below Q1, but organic EBIT growth to accelerate. We believe there is a good chance the company could narrow its 2024 guidance to the high end and continue the positive earnings revision trend. We reiterate our BUY and have increased our target price to DKK675 (625).
- Jesper Ingildsen
Royal Unibrew (Buy, TP: DKK625.00) - In a position of strength
Yesterday we attended Royal Unibrew’s CMD in the Netherlands. We found the event informative, especially about recent years’ acquisitions in Norway and the Netherlands. Our impression was that momentum is strong, and that the recent long-term organic EBIT target of 6–8% growth could be conservative. Following years of headwinds, the company seems to be emerging in a stronger position than ever. We reiterate our BUY and DKK625 target price.
- ABGSC Food & Beverage Research
- Peter Sehested
Launch of Long-Term Incentive Plan for executive management and key em...
Launch of Long-Term Incentive Plan for executive management and key employees COMPANY ANNOUNCEMENT NO 14/2024 – MAY 13, 2024 Royal Unibrew A/S launches a new share based Long-Term Incentive Plan (LTIP) for selected key employees for 2024 designed to align the interests of Royal Unibrew’s employees and shareholders and to retain employees. The new LTIP for 2024 has been approved by the Board of Directors. The LTIP is based on Performance Share Units (PSU) granted to each key employee. The PSUs are granted in 2024 for vesting on the date the Board of Directors approves and makes public the ...
- ABGSC Food & Beverage Research
- Peter Sehested
Annual General Meeting 2024
Annual General Meeting 2024 COMPANY ANNOUNCEMENT NO 13/2024 - May 1, 2024 On Tuesday, 30 April 2024 at 4 pm CEST Royal Unibrew A/S held its Annual General Meeting at which the below resolutions were adopted. Agenda and full contents of the proposals: 1. Report on the Company’s business activities during the yearThe Board of Directors’ report was noted. 2. Presentation of the audited Annual Report for 2023 for approval The Company’s Annual Report for 2023 was adopted by the Annual General Meeting. 3. Resolution to discharge the Board of Directors and the Execu...
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