Royal Unibrew A S (ROYUF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. My name is Lars Jensen and I'm the CEO of Roy Unibrew. And with me today is our CFO, Lars Vestergaard. I would like to welcome you to this webcast covering our trading statement for the first quarter of 2025. And after the presentation, we'll be open on the line for your questions. First, we will walk you through the business highlights of the quarter, our financial performance and our outlook for the rest of the year. Now, please turn to slide number three. We are pleased to report that our volume and net revenue for the first quarter were in par with Q1 2024, despite a full week of strike in Finland and the later timing of Easter, which shifted sales into the second quarter. Our Western Europe and international segments continue to perform strongly, maintaining the positive trends and momentum we saw in 2024. On the financial side, we delivered an EBIT growth of 4% and an earnings per share increase of 25%, with an EBIT margin expansion of 0.2 percentage points. Given this good start to the year, we are reiterating our financial outlook for the full year of 2025. That said, the macroeconomic environment has become more uncertain since we published our annual report just two months ago. Geopolitical tensions, evolving trade policies and changes in consumer sentiments are adding a new layer of complexity. But we are well prepared due to our focus on cost and efficiencies. While Unibrew has limited direct exposure to the U.S. in terms of imports and exports, we continue to monitor this closely and remain focused on maintaining flexibility and operational resilience. Now, please turn to slide number four. Let's now take a closer look at the performance across our geographical business segments. If we start with Northern Europe, volume were down ...