Royal Unibrew reports higher interim first-half profit as margins improve

Danish beverage company Royal Unibrew announced stronger financial results for the first half of 2026, as it navigated inflation and exited lower-margin businesses. Net revenue grew 1.2% year-over-year to 7.74 billion Danish crowns ($682 million), driven by its own brands and a strategic focus on more profitable sales. EBITDA rose 3.5% to 949 million crowns, and diluted earnings per share increased to 11.0 crowns.

EBIT increased 7.0% to 1.03 billion crowns, improving the EBIT margin to 13.3%. Net profit climbed 7.6% to 707 million crowns. Despite a slight drop in second-quarter net revenue, overall growth was fueled by the International segment, Italy, and Northern Europe. Free cash flow remained steady at 458 million crowns, while capital expenditure fell 11% year-over-year.

Royal Unibrew maintained its 2026 outlook, projecting organic EBIT growth of 6%-10%, with full-year revenue expected to align with 2025 levels, bolstered by beverage growth. The company also launched a share buyback program of up to 300 million crowns.