Royal Unibrew AS

RBREW: XCSE (DNK)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Royal Unibrew Earnings: Shares Tank 25% With PepsiCo Bottling Contract to End in Northern Europe

Verushka Shetty

Apr 22, 2026

Royal Unibrew announced it will end its bottling partnership with PepsiCo in Northern Europe in 2028, with Carlsberg taking over beginning in 2029. Its first-quarter results included 2.1% organic net revenue growth and a 150-basis-point expansion in EBIT margin. Shares fell nearly 25% on April 21.

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Royal Unibrew AS

Royal Unibrew Earnings: Shares Tank 25% With PepsiCo Bottling Contract to End in Northern Europe

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