Financial outlook for 2022

We adjust as per 25 May 2022 our outlook for 2022 because of the full ownership of Hansa Borg Bryggerier. We now expect revenue in the range of DKK 10,700-11,700 million (previous: DKK 10,000-11,000 million) and EBIT in the range of DKK 1,700-1,850 million (previous: DKK 1,650-1,800 million).

The higher revenue outlook is the result of further price increases and an around seven months contribution from Hansa Borg Bryggerier. We expect Hansa Borg Bryggerier to contribute by around DKK 50 million on EBIT for the remaining seven months of the year, which includes integration and restructuring costs. The additional price increases, which will be implemented across the group during the coming months, comes without an expected earnings contribution, and as a result, we increase the EBIT outlook range by DKK 50 million.