Leading brand portfolio

Royal Unibrew has throughout its key markets a market leading portfolio of local non-alcoholic and alcoholic beverages supported by strong global licensed brands.

Strong track record of earnings growth

We have delivered an average annual EBIT growth of 13% during the past 10 years, which has translated into an average annual EPS growth of 16%. With our strong brand portfolio and market positions, we believe that we will continue to deliver solid earnings growth.

Disciplined capital allocation

Strong earnings growth and high cash conversion will result in a significant liquidity surplus going forward: It therefore remains the intention to make distributions to shareholders through a combination of dividend and share buy-backs. We target to pay out annual dividends of 40- 60% of net profit for the year and use share buy-backs to optimize our capital structure.

A sustainable business

Royal Unibrew has established a robust foundation with concrete initiatives, goals and KPI’s for achieving our long-term ambition of becoming among the most sustainable beverage companies globally. We continue to support UN Global Compact and has enrolled in the Task Force on Climate-Related Financial Disclosures (TCFD) as well as the Science Based Target Initiative (SBTI).

Strong market positions

With multi-beverage offerings in the Nordic and the Baltic countries, Royal Unibrew possesses very strong market positions by having market leading market share positions within several categories. The market leading positions make Royal Unibrew an attractive beverage provider in all channels as customers can get a broad beverage offering.

Cash generative business

With an industry leading EBIT margin in Europe and in combination with high asset efficiency, our cash conversion during the past ten years has been at an average 102%.

Clear growth and value oriented long-term strategy

Royal Unibrew has set out a very clear long-term strategy in which we focus on categories with strong growth potential, premiumisation and continued efficiency improvements. We want to invest in growth opportunities to drive value growth, secure and build strong positions.