Company Reports

Royal Unibrew’s first fiscal half-year 2026 results included year-over-year organic volume growth of 1.6% and revenue growth of 0.7%. EBIT growth of 6.7% missed the company-compiled consensus. As a result, shares fell nearly 8% in early trading on August 18.

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.

Royal Unibrew began as a pure-play brewer but expanded into manufacturing and distributing a broad range of beverages across the Nordics, Western Europe, and the Baltics through several acquisitions. Around half of Royal Unibrew’s growth since 2021 has been driven by acquisitions. Royal Unibrew’s diversified portfolio includes owned brands as well as third-party brands from beverage heavyweights such as PepsiCo, Heineken, and Diageo.

Royal Unibrew’s 2025 results included a year-over-year net revenue increase of 5%, with 2% growth in Northern Europe, 13% growth in Western Europe, and 7% growth in its international segment. EBIT increased 12%, at the top end of guidance. Shares fell 3% at the market open on Feb. 27.

Royal Unibrew began as a pure-play brewer but expanded into manufacturing and distributing a broad range of beverages across the Nordics, Western Europe, and the Baltics through several acquisitions. Around half of Royal Unibrew’s growth since 2021 has been driven by acquisitions. Royal Unibrew’s diversified portfolio includes owned brands as well as third-party brands from beverage heavyweights such as PepsiCo, Heineken, and Diageo.

We’re launching coverage of Royal Unibrew, a beverage company distributing a broad range of alcoholic and nonalcoholic beverages. Sixty-eight percent of Royal Unibrew’s 2024 revenue was from the Nordic and Baltic regions, 22% from Western Europe, and 10% from the rest of the world.

Royal Unibrew began as a pure-play brewer but expanded into manufacturing and distributing a broad range of beverages across the Nordics, Western Europe, and the Baltics through several acquisitions. Around half of Royal Unibrew’s growth since 2021 has been driven by acquisitions. Royal Unibrew’s diversified portfolio includes owned brands as well as third-party brands from beverage heavyweights such as PepsiCo, Heineken, and Diageo.