Lars Jensen
CEO
Replay available
Royal Unibrew A S (OTC: ROYUF) Q1 2026 earnings conference call, held 2026-04-21. Replay captured from the company's public earnings webcast.

CEO
CFO
Analyst, Nordea
Analyst, Bernstein
Analyst, Kepler Shuffra
Analyst, Deutsche Bank
Analyst, Bank of America
Analyst, Ganske Bank
Analyst, SEB
Good day and thank you for standing by. Welcome to the Royal Unibrew Trading Statement Q1 2026. At this time all participants are in a listen-only mode. After the speaker's presentation there will be a question and answer session. To ask a question during the session you will need to press star 1 and 1 on your telephone and you will hear an automated message advising your hand is raised. To withdraw your question, please press star 1 and 1 again. And please be advised today's conference is being recorded. I'd now like to hand the conference over to your first speaker today, CEO Lars Jensen. Please go ahead. Thank you and hello everyone and welcome to this call about Roy Unruh's first quarter 2036 trading update and our announcement about changes to one of our partnerships. My name is Lars Jensen. I'm the CEO of Roy Unibrew, and with me today is our CFO, Lars Vestergaard, and head of investor relations, Flemming Alder Nielsen. We'll take you through the highlights of today's announcement, and after the presentation, we'll open up for questions. So let's start with the usual disclaimer on slide number two. Before we begin, please note the disclaimer covering forward-looking statements, assumptions, and risk factors that may cause actual results to differ from expectations. We will skip the agenda on slide number three, and let's move to the partnership changes on slide number four. As announced today, There will be some significant changes to our PepsiCo partnership. We will walk you through the implications and underlying elements in more details on the next slides. Starting with the facts, in Northern Europe, our partnership with PepsiCo will conclude at the end of 2028. This includes Denmark, including the border trade in Germany, Finland, and the Baltics. Our Pepsi...