Royal Unibrew A S (ROYUF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone and welcome to Roy Unibrew's presentation of our annual report for 2025. My name is Lars Jensen. I'm the CEO of Roy Unibrew and I'm today joined by our CFO Lars Westergaard and Flemming Nielsen Investor Relations. We will take you through the highlights of the year, performance across our segments, the financial development and our outlook for 2026. After the presentation we will open for questions. Now please turn to slide number two. And before we begin, please note the usual disclaimer regarding forward-looking statements and risk factors that may cause actual results to differ from expectations. And with that, let's move to slide number three and the highlights of 2025. On slide number three here, we summarized 2025 in a few key points. 2025 was a year where disciplined execution really made the difference. We delivered 5% revenue growth in line with our guidance of 5% to 6%, and EBIT increased by 12% at the top end of our 8% to 12% guidance range. Our EBIT margin expanded by 90 basis points to 14%, reflecting continued improvement in operational efficiency across the organization. We also made good progress on our sustainability agenda during the year, both within our environmental and climate initiatives and within employee safety, which has been a key priority for us in 2025. At the same time, we continue to strengthen cash generation and the balance sheet enables shareholder returns, including share-by-backs executed in 2025 and a new program just launched and running until mid-August 2026. Importantly, this performance was delivered in a market environment that remained characterized by cautious consumer sentiment and ongoing macroeconomic uncertainty. What makes the results particularly encouraging is that progress was broad-based acro...