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RBREW Royal Unibrew A/S News Story

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Brief: Royal Unibrew, PepsiCo To End Partnership In Northern Europe

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

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))

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