Royal Unibrew A/S (ROYUF) Q4 2025 Earnings Call Transcript

SA Transcripts158.68K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Royal Unibrew A/S (ROYUF) Q4 2025 Earnings Call February 27, 2026 3:00 AM EST Company Participants Lars Jensen - CEO, President & Member of Executive BoardLars Vestergaard - CFO & Member of Executive Board Conference Call Participants Aron Adamski - Goldman Sachs Group, Inc., Research DivisionThomas Lind Petersen - Nordea Markets, Research DivisionMatthew Ford - BNP Paribas, Research DivisionRichard Withagen - Kepler Cheuvreux, Research DivisionNadine Sarwat - Bernstein Institutional Services LLC, Research DivisionMitchell Collett - Deutsche Bank AG, Research DivisionAndré Thormann - Danske Bank A/S, Research DivisionSoren Samsoe - SEB, Research DivisionAndrea Pistacchi - BofA Securities, Research Division Presentation Lars JensenCEO, President & Member of Executive Board Good morning, everyone, and welcome to Royal Unibrew's presentation of our annual report for 2025. My name is Lars Jensen. I'm the CEO of Royal Unibrew, and I'm today joined by our CFO, Lars Vestergaard; and Flemming Nielsen, Investor Relations. We will take you through the highlights of the year, performance across our segments, the financial development and our outlook for 2026. After the presentation, we will open for questions. Now please turn to Slide #2. And before we begin, please note the usual disclaimer regarding forward-looking statements and risk factors that may cause actual results to differ from expectations. And with that, let's move to Slide #3 and the highlights of 2025. On Slide #3 here, we summarize 2025 in a few key points. '25 was a year where disciplined execution really made the difference. We delivered 5% revenue growth in line with our guidance of 5% to 6% and EBIT increased by 12% at the top end of our 8% to 12% guidance range. Our EBIT margin expanded by 90 basis points to 14%, reflecting continued improvement in operational efficiency across the organization. We also made good progress on our sustainability agenda during the year, both within our environmental and climate initiatives and within employee safety, which