BrewDog is aiming to finalise the potential sale of the UK brewer next week, Just Drinks understands. The Punk IPA brand owner is weighing up offers after hiring AlixPartners to determine the possible interest in the loss-making business. Earlier today (27 February), the BBC, citing an email from BrewDog chief executive James Taylor to staff, said the business expects to announce a deal next week. Approached by Just Drinks, representatives for BrewDog declined to comment. The UK broadcaster and Scotla ...

Company Announcement No 1/2026 – February 26, 2026Inside information Financial developments in 2025 and outlook for 2026 EBIT up 12% driven by solid commercial performance and margin expansion Key highlights Strong financial results in Q4 2025 and full-year performance for 2025 in line with guidanceMarket share gains and solid commercial performance in markets characterized by soft consumer sentimentNet revenue increased by 5% (guidance 5-6%)EBIT growth of 12% (guidance 8-12%) and 90bps margin expansionEar ...

Core Insights - The company reported a strong Q3 2025 with a 15% growth in EBIT, attributed to solid margin expansion and commercial momentum across key categories [1][4] - Despite soft consumer sentiment in several markets, the company remains on track with its strategic plans, including reducing private-label production in Italy and phasing out low-margin businesses [1][4] - The growth framework now encompasses over 60% of Group revenue, positioning the company for sustainable and profitable growth that exceeds industry averages [1] Financial Performance - Volume increased to 4.9 million hectoliters in Q3 2025, up from 4.7 million hectoliters in Q3 2024, representing a 4.2% year-to-date growth [2] - Net revenue for Q3 2025 was DKK 4,301 million, a 5.3% increase from DKK 4,083 million in Q3 2024, with year-to-date net revenue growth of 4.2% [2] - EBIT reached DKK 777 million in Q3 2025, reflecting a 15.1% increase compared to DKK 675 million in Q3 2024, with a year-to-date EBIT growth of 12.6% [2] - The EBIT margin improved to 18.1% in Q3 2025 from 16.5% in Q3 2024 [2] - Free cash flow increased by 9.5% in Q3 2025, totaling DKK 515 million [2] Outlook - The company maintains its full-year EBIT growth guidance at the high end of the 8-12% range, supported by ongoing efficiency and margin expansion efforts [4][5] - Net revenue growth is expected to be in the range of 5-6% for the full year [5]

Core Insights - The company achieved an 11% growth in EBIT for H1 2025, driven by solid topline growth and margin expansion, despite challenges in the Finnish market due to colder weather [1][2][5] Financial Performance - Volume increased to 8.8 million hectoliters in H1 2025, reflecting a 4% organic growth, with strong contributions from Western Europe and International segments [7][8] - Net revenue reached DKK 7,644 million, up 3% organically from H1 2024, with new activities in Belgium and Luxembourg contributing approximately 2.5% to this growth [8][11] - EBITDA grew by 9% to DKK 1,308 million, with an EBITDA margin of 17.1% [1][6] - EBIT increased by 11% to DKK 959 million, with an EBIT margin of 12.5%, reflecting improved operational efficiency [9][11] - Earnings per share (EPS) grew by 18%, reaching DKK 13.2 [6][11] Market Dynamics - The company gained market share across most categories and geographies, indicating strong commercial execution [6][7] - The performance in Italy, France, and the International segment was particularly strong, offsetting the volume decline in Northern Europe [6][7] Strategic Initiatives - The company is focusing on developing key brands while gradually reducing private label and lower-margin businesses [2][6] - A new share buy-back program of DKK 300 million has been launched, expected to conclude by December 19, 2025 [14] Updated Financial Outlook - The full-year financial outlook has been narrowed, with net revenue growth now expected in the range of 5-6% and EBIT growth in the range of 8-12% for 2025 [15][16]

Core Viewpoint - Royal Unibrew has successfully completed its share buy-back program, which was initiated on February 25, 2025, with a maximum transaction value of DKK 250 million [1][2]. Group 1: Share Buy-Back Program Details - The share buy-back program was conducted from February 26, 2025, to August 15, 2025 [2]. - A total of 469,720 shares were repurchased at an average purchase price of DKK 532.23, resulting in a total transaction value of DKK 249,999,734 [2]. - The company now holds a total of 603,042 shares, representing 1.2% of its share capital, out of a total of 50,200,000 shares, including treasury shares [2]. Group 2: Transaction Breakdown - The following transactions were made under the program: - Accumulated shares before the last announcement: 457,806 shares at an average price of DKK 533.65 [2]. - Additional purchases included: - August 11, 2025: 2,300 shares at DKK 482.39 - August 12, 2025: 2,300 shares at DKK 480.32 - August 13, 2025: 2,400 shares at DKK 477.51 - August 14, 2025: 2,500 shares at DKK 473.22 - August 15, 2025: 2,414 shares at DKK 475.46 [2].

Core Viewpoint - The company reports that the start of 2025 aligns with expectations despite challenges such as subdued consumer confidence and a strike in Finland impacting Q1 performance [2][4]. Financial Performance - Volume and net revenue are consistent with Q1 2024, despite the Easter holiday shift and a sectoral strike in Finland [6]. - EBIT has grown by 4%, and the EBIT margin has expanded by 0.2 percentage points [6]. - Earnings per share (EPS) have increased by 25% [6]. Outlook for 2025 - The financial outlook for the full year 2025 is reiterated, with net revenue growth expected in the range of 5-7% [3][7]. - EBIT growth is anticipated to be between 7-13%, translating to DKK 2,100 – 2,225 million [7]. - The guidance reflects a continued challenging consumer environment and high uncertainty, although it does not indicate a deterioration from 2024 [4].