reports
- Jesper Ingildsen
Royal Unibrew (Buy, TP: DKK625.00) - An early spring
Last night Royal Unibrew reported Q1 results early and raised its 2024 guidance due to efficiency improvements and acquisition-related benefits being achieved ahead of plan. This was a much-needed announcement considering the number of negative earnings revisions and market concerns related to the recent acquisitions. We reiterate our BUY and have raised our target price to DKK625 (600).
Q1 2024 Trading Statement
Q1 2024 Trading Statement COMPANY ANNOUNCEMENT NO 12/2024 - April 18, 2024 Strong business momentum continued into 2024 – organic EBIT growth guidance raised Statement by Royal Unibrew’s CEO, Lars Jensen: “The first quarter has marked a strong start to the year. The business momentum we built throughout 2023 has continued into 2024. The continued strong performance of our markets in Northern Europe, combined with a normalized Italian On-Trade beer channel and a strong rebound in our International segment, drove solid organic volume growth of 6% in the first quarter. Stron...
- Jesper Ingildsen
Royal Unibrew (Buy, TP: DKK600.00) - Solid start to the year
We expect Royal Unibrew to have a solid start to the year from a top-line perspective, while profitably is likely to be subdued due to revaluation of inventories when it reports Q1 results (due in the afternoon on 30 April). Despite our view that organic EBIT growth in Q1e will be below the 2024 guidance, Q1 is typically a small quarter and with profitability set to pick up throughout the year, we expect the guidance to be maintained. We reiterate our BUY and DKK600 target price.
Notice to Annual General Meeting
Notice to Annual General Meeting COMPANY ANNOUNCEMENT NO 11/2024 - APRIL 3, 2024 To the shareholders of Royal Unibrew A/SCVR No 41 95 67 12The Board of Directors of Royal Unibrew A/S hereby gives notice of the Company’s Annual General Meeting 2024 Tuesday, April 30, 2024, at 4 pm (CEST) The Annual General Meeting will be held as a fully electronic general meeting with no physical attendance in accordance with the Company’s Articles of Association Agenda and full contents of the proposals: 1. Report on the Company’s business activities during the year 2. Presentatio...
Royal Unibrew A S: 1 director
A director at Royal Unibrew A S bought 2,300 shares at 432.070DKK and the significance rating of the trade was 76/100. 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 cle...
Transactions by persons discharging managerial responsibilities and/or...
Transactions by persons discharging managerial responsibilities and/or persons closely associated COMPANY ANNOUNCEMENT NO 10/2024 - March 8, 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 associate...
Transactions by persons discharging managerial responsibilities and/or...
Transactions by persons discharging managerial responsibilities and/or persons closely associated COMPANY ANNOUNCEMENT NO 9/2024 - March 6, 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 associate...
Transactions by persons discharging managerial responsibilities and/or...
Transactions by persons discharging managerial responsibilities and/or persons closely associated COMPANY ANNOUNCEMENT NO 08/2024 - March 1, 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 associateda)...
Transactions by persons discharging managerial responsibilities and/or...
Transactions by persons discharging managerial responsibilities and/or persons closely associated COMPANY ANNOUNCEMENT NO 7/2024 - February 29, 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 associate...
Transactions by persons discharging managerial responsibilities and/or...
Transactions by persons discharging managerial responsibilities and/or persons closely associated COMPANY ANNOUNCEMENT NO 6/2024 - February 29, 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 associ...
- Jesper Ingildsen
Royal Unibrew (Buy, TP: DKK600.00) - In-line operating profit outlook
We view the Q4 and 2023 results as well as the 2024 guidance as broadly in line with our estimates, with the main negative higher-than-expected net financials. The new long-term EBIT growth ambition is in our view more realistic and already reflected in consensus. This was the first report in some time where Royal Unibrew did not miss operating profit expectations and we believe could mark an end to consensus estimate reductions. We reiterate our BUY and DKK600 target price.
Annual Report 2023
Annual Report 2023 COMPANY ANNOUNCEMENT NO 05/2024 - February 28, 2024 Statement by Royal Unibrew’s CEO Lars Jensen:“Solid execution in 2023 ensured organic EBIT growth of 7%. Despite a challenging start to the year and poor summer weather, we managed to build increasing momentum throughout the year. Organic EBIT growth in Q4 reached a remarkable 29%, ensuring that we comfortably ended within our guided EBIT range. Our business scope is significantly expanded during the past years, and with the acquisitions of Vrumona and San Giorgio in 2023, our net revenue has almost doubled...
Financial review of Q4 2023 and FY 2023 results
Financial review of Q4 2023 and FY 2023 results COMPANY ANNOUNCEMENT NO 04/2024 – February 28, 2024 Statement by Royal Unibrew’s CEO Lars Jensen: “Solid execution in 2023 ensured organic EBIT growth of 7%. Despite a challenging start to the year and poor summer weather, we managed to build increasing momentum throughout the year. Organic EBIT growth in Q4 reached a remarkable 29%, ensuring that we comfortably ended within our guided EBIT range. Our business scope is significantly expanded during the past years, and with the acquisitions of Vrumona and San Giorgio in 2023, our net ...
Changes to the Board of Directors of Royal Unibrew A/S
Changes to the Board of Directors of Royal Unibrew A/S COMPANY ANNOUNCEMENT NO 3/2024 - February 26, 2024 Board Member Martin Alsø, elected by the employees, who has served as board member since April 2014 has resigned from the Board of Directors of Royal Unibrew A/S effective today. Martin Alsø will be replaced by Kenn Hvarre who was elected by the employees as alternate in April 2022. Kenn Hvarre is joining the Board of Directors effective today. Kenn Hvarre holds a position as terminal worker at our terminal in Northern Jutland and is elected as staff representative. Kenn Hvarre has ...
- Jesper Ingildsen
Royal Unibrew (Buy, TP: DKK600.00) - Potential end to negative revisio...
We expect Royal Unibrew to end 2023 strong with its Q4 results as well as provide 2024 guidance and a long-term EBIT margin target that in our view could finally mark the end of the consensus estimate reductions. Coupled with the attractive valuation, we reiterate our BUY and DKK600 target price.
Major shareholder announcement
Major shareholder announcement COMPANY ANNOUNCEMENT NO 2/2024 - January 11, 2024 According to Section 30 of the Danish Capital Markets Act, Royal Unibrew A/S hereby announces that we have received notification from BlackRock, Inc. on changes in BlackRock, Inc. and its subsidiaries’ holding of shares and voting rights in Royal Unibrew A/S which occurred on January 9, 2024, cf. the attached. For further information on this announcement: Investor and Media Relations: Jonas Guldborg Hansen, tel (+45) 20 10 12 45 Attachments ...
Major shareholder announcement
Major shareholder announcement COMPANY ANNOUNCEMENT NO 1/2024 - January 8, 2024 According to Section 30 of the Danish Capital Markets Act, Royal Unibrew A/S hereby announces that we have received notification from BlackRock, Inc. on changes in BlackRock, Inc. and its subsidiaries’ holding of shares and voting rights in Royal Unibrew A/S which occurred on January 4, 2024, cf. the attached. For further information on this announcement: Investor and Media Relations: Jonas Guldborg Hansen, tel (+45) 20 10 12 45 Attachments ...
Major shareholder announcement
Major shareholder announcement COMPANY ANNOUNCEMENT NO 33/2023 - December 27, 2023 According to Section 30 of the Danish Capital Markets Act, Royal Unibrew A/S hereby announces that we have received notification from Invesco Ltd. on changes in The Master Trust Bank of Japan, Ltd. and its subsidiaries’ holding of shares and voting rights in Royal Unibrew A/S which occurred on 18 December 2023, cf. the attached. For further information on this announcement: Investor and Media Relations: Jonas Guldborg Hansen, tel (+45) 20 10 12 45 Attachments ...
Major shareholder announcement
Major shareholder announcement COMPANY ANNOUNCEMENT NO 32/2023 - November 20, 2023 According to Section 30 of the Danish Capital Markets Act, Royal Unibrew A/S hereby announces that we have received notification from BlackRock, Inc. on changes in BlackRock, Inc. and its subsidiaries’ holding of shares and voting rights in Royal Unibrew A/S which occurred on 16 November 2023, cf. the attached. For further information on this announcement: Investor and Media Relations: Jonas Guldborg Hansen, tel (+45) 20 10 12 45 Attachments ...
Major shareholder announcement
Major shareholder announcement COMPANY ANNOUNCEMENT NO 31/2023 - November 17, 2023 According to Section 30 of the Danish Capital Markets Act, Royal Unibrew A/S hereby announces that we have received notification from BlackRock, Inc. on changes in BlackRock, Inc. and its subsidiaries’ holding of shares and voting rights in Royal Unibrew A/S which occurred on 15 November 2023, cf. the attached. For further information on this announcement: Investor and Media Relations: Jonas Guldborg Hansen, tel (+45) 20 10 12 45 Attachments ...
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