Royal Unibrew A S (ROYUF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Royal Unibrew's presentation of our first-half result for 2026. My name is Lars Jensen, CEO of Royal Unibrew, and joining me today is CFO Lars Vestergaard and Flemming Nielsen from Investor Relations. We will take you through the highlights of our first-half performance, review developments across our segments, discuss the financial results and outlook, and then open the line for questions. Now, please turn to slide number two. Before we begin, please note the usual disclaimer regarding forward-looking statements, assumptions and risk factors that may cause actual results to differ from expectations. And with that, please turn to slide number three. Before turning to our first half performance, I would like to briefly revisit our strategy and how it continues to evolve. The headline on this slide is simple. Our core strategy remains unchanged, but some components are now being prioritized even higher. The first area is partnerships. As you know, we announced changes to our PepsiCo partnership in Northern Europe earlier this year. While we do not comment on specific partnership opportunities, discussions or potential partners, value creating partnerships remain an important part of our multi-purpose strategy. We continue to keep all options open and will pursue partnerships where they strengthen our portfolio and create value for both parties. The second priority is our continued focus on growth categories. Consumer preferences continue to evolve, and our growth category framework remains at the center of how we allocate investments and commercial resources. In the first half of 26, our growth categories accounted for approximately 62% of group net revenue and delivered growth of more than 6%, once again growing ahead of the grou...