April 21 (Reuters) - Royal Unibrew A/S RBREW.CO:
ROYAL UNIBREW AND PEPSICO TO END THE PARTNERSHIP IN NORTHERN EUROPE UPON EXPIRY OF CURRENT LICENSE AGREEMENTS
EXPECTS TRANSITION COST OF APPROX DKK 300 MILLION RELATED TO ENDING PEPSICO PARTNERSHIP
TO CEASE PRODUCTION, SALES, AND DISTRIBUTION OF PEPSICO PORTFOLIO IN DENMARK, FINLAND, AND BALTIC STATES FROM 2029
PARTNERSHIP BETWEEN ROYAL UNIBREW AND PEPSICO IN BENELUX WILL CONTINUE BEYOND 2028 IN ACCORDANCE WITH APPLICABLE CONTRACTS
EXPECTS LOSS OF NET REVENUE RELATED TO PARTNERSHIP TO BE PARTLY COMPENSATED FOR BY ACCELERATED GROWTH IN OWN BRANDS
LONG TERM ORGANIC EBIT GROWTH TARGET OF 6-8% REMAINS UNCHANGED
Source text: ID:nGNE35l35m
Further company coverage: RBREW.CO
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