Royal Unibrew A S (ROYUF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Roy Unibrew's Q3 25 trading statement. I'm Lars Jensen, CEO of Roy Unibrew, and I'm joined today by our CFO, Lars Vestergaard. We'll take you through the highlights of our performance in the third quarter and then open for questions at the end. Before we begin, please note the usual disclaimer on slide number two. It contains important information about forward looking statements, assumptions and risks that may impact our outlook. With that, let's start with a broader view on slide number three. Let's start with a look at our strategic progress and long-term targets. Our financial performance demonstrates that the strategy is working, has solid commercial execution and strong margin expansion. We continue to benefit from our growth framework, where 60% of our net revenue sits in attractive and growing beverage categories, such as no low sugar, carbonated soft drink energy, enhanced RTD cider and premium. In markets where consumer confidence generally remains low, we delivered organic revenue growth of more than 3% in the first nine months of 2025, which is ahead of European peers. Our top-line growth was supported by the new activities in Belux, but also negatively impacted by reduced private labor production in Italy and adverse currency movements. The key for Roy Unibrew is profitable growth. We focus on categories, markets and channels where we can grow sustainably and profitably while exiting or diminishing areas that dilute our margin or strategic focus. From 26, this step will reduce group revenue by around 3.5%, but have no impact on EBIT or volumes. The decline in net revenue is predominantly from snacks and will impact the northern European segment. Operational efficiency is deeply rooted in our culture and across the o...