Upward adjustment of earnings outlook

June 21, 2018 at 8:00 AM CEST
Supporting Materials:


The earnings outlook for the year is adjusted upwards as a result of the extraordinary good spring weather in Northern Europe and a faster execution of the integration of Terme di Crodo than expected.

The assumptions described in the Annual Report 2017, cf. Announcement No 14 of 6 March 2018, remain unchanged. The earnings outlook target for medium-term EBIT margin of approx. 17% is expected achieved in 2018 due to a positive weather effect which is not considered normal.


Net revenue: DKK 6,800-7,000 million (previously: DKK 6,650-6,900 million)
EBITDA: DKK 1,550-1,625 million (previously: DKK 1,450-1,550 million)
EBIT: DKK 1,190-1,265 million (previously: DKK 1,090-1,190 million)

Yours sincerely
Royal Unibrew A/S

Hans Savonije

For further information on this Announcement: 
CEO Hans Savonije, tel (+45) 22 20 80 17
CFO Lars Jensen, tel (+45) 29 23 00 44  

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