Royal Unibrew shares soar on Q1 beat, outlook hike

Royal Unibrew A/S

19/04/2024 08:36

** Royal Unibrew A/S  RBREW.CO  shares grow 15% after the
Danish brewer posted on Thursday Q1 results above expectations
and raised its full year outlook
        ** Price of DKK 496.4 is the highest since November 2023
  
    ** The company's Q1 EBIT came at DKK 210 million ($30
million), beating consensus estimates by 6.6% 
    ** Q1 organic sales growth at +10% vs. consensus +6.3%
    ** Royal Unibrew now expects 2024 organic EBIT growth
of+9-19%, against +5-15% seen earlier
        ** "The Q1 beat was driven primarily by a stronger-than-
expected volume performance in International", J.P. Morgan says
  
    ** Royal Unibrew shares top STOXX 600  .STOXX 

($1 = 7.0090 Danish crowns)

 (Reporting by Anna Chaberska)
 ((anna.chaberska@thomsonreuters.com; +48 58 7696600;))