Brief: Royal Unibrew Q2 EBIT At DKK 511 Mln, Below Consensus

Royal Unibrew A/S

17/08/2022 13:22

Aug 17 (Reuters) - Royal Unibrew A/S  RBREW.CO :
    * INTERIM REPORT FOR 1 JANUARY-30 JUNE 2022 (H1)
    * Q2 NET REVENUE DKK 3,211 MILLION VERSUS DKK 3.085 MILLION
SEEN
IN REFINITIV POLL
    * Q2 EBIT DKK 511 MILLION VERSUS DKK 527.50 MILLION SEEN IN
REFINITIV POLL
    * OUTLOOK FOR FULL-YEAR 2022 NET REVENUE OF DKK
10,700-11,700
MILLION AND EBIT OF DKK 1,700-1,850 MILLION IS MAINTAINED
    * WE HAVE BEEN ABLE TO INCREASE OUR EBITDA, DESPITE STRONG
HEADWIND FROM INPUT COST INCREASES
    * TIMELAG BETWEEN COST INFLATION AND OUR ABILITY TO INCREASE
PRICES CREATES A BACKLOG OF POSITIVE EFFECTS
    * TIMELAG IN H2 TOGETHER WITH RELATIVELY LOWER DISCRETIONARY
SPENDING WILL IMPACT H2 PERFORMANCE POSITIVELY
    * PROFIT IN Q4 2022 IS EXPECTED TO BE HIGHER THAN IN Q4 2021
    * SUMMER WEATHER IN NORDIC COUNTRIES HAS BEEN MORE WET AND
LESS
SUNNY, WHICH WILL HAVE A NEGATIVE EFFECT ON EBIT IN 2022 OF
AROUND DKK 50 MILLION

Source text for Eikon:  ID:nGNE3pH6pY 
Further company coverage:  RBREW.CO 

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