Denmark's Royal Unibrew Q4 revenue misses estimates

Royal Unibrew A/S

26/02/2026 16:31

Overview

Denmark beverage firm's Q4 revenue rose 6%, missing analyst expectations

Q4 EBIT slightly beat analyst expectations

Outlook

Royal Unibrew expects 2026 organic EBIT growth of 6-10%

Company projects 2026 EBIT between DKK 2,325m and DKK 2,425m

Net revenue for 2026 expected to match 2025 levels

Result Drivers

MARKET SHARE GAINS - Co reported market share gains in Western Europe and International segments, contributing to revenue growth

MARGIN EXPANSION - EBIT growth driven by margin expansion and operational efficiency

HIGH-MARGIN CATEGORIES - Focus on high-margin categories supported revenue growth

Company press release: ID:nGNEbpBQsk

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
DKK 3.78 bln
DKK 3.88 bln (7 Analysts)
Q4 EBIT
Slight Beat*
DKK 467 mln
DKK 466.25 mln (6 Analysts)
Q4 EBITDA
Beat
DKK 661 mln
DKK 616.32 mln (4 Analysts)
Q4 EBITDA Margin
17.50%
Q4 EBIT Margin
12.40%
Q4 Gross Profit
DKK 1.52 bln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the brewers peer group is "buy"

Wall Street's median 12-month price target for Royal Unibrew A/S is DKK650.00, about 1.6% above its February 25 closing price of DKK639.50

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)