Royal Unibrew A S (ROYUF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Before we dive into the numbers, I would like to briefly draw your attention to the standard disclaimer on slide number two. As always, it contains important information about forward-looking statements, assumptions, and uncertainties that may impact our outlook and performance. With that said, let's move on to the business strategy highlights on slide number three. Let's start with a look at our strategic progress in the first half of 25. We delivered strong revenue and EBIT growth, outperforming our European peers, a clear sign that our growth framework is working. We are executing with precision across our markets where we are fueling momentum in our growth markets, which is international, Italy and France, and we are building traction in the new markets like Norway, the Netherlands and Belux. In the developed markets or the Old Roy Unibrew multi-beverage markets, so that would be Denmark, Finland and the Baltics, we are focused on identifying pockets of growth, improving efficiency and exiting low margin segments. Importantly, our long-term financial ambitions remain unchanged. We continue to target 6-8% organic EBIT growth, double-digit earnings per share growth and improving our return on invested capital. This consistent delivery is a testament to the strength of our strategy and the dedication of our teams. And now please move to slide number four. We're pleased to report a solid first half performance, which follows our internal plans. Reported EBIT was up 11%, and the organic growth was 9%, and we delivered a margin expansion of 80 basis points. Organic volume growth came in at 4%, and organic net revenue growth was 3%. This was achieved despite headwind in one of our main markets, Finland, where cold weather during May and June impacted performance negativ...