Royal Unibrew hits 15-year high

Royal Unibrew shares jumped over 18% on the stock exchange, the biggest rise in 15 years, adding four billion Danish kroner to its market value. Post Q1 sales report, the brewery revised its 2024 outlook to a 9-19% organic growth in operating income, up from the 5-15% range. This uplift is due to early gains from streamlining and acquisitions, including Vrumona and San Giorgio. Integration of these breweries is progressing faster than planned, which is expected to bolster efficiency across the Nordic region. Q1 sales reached 370 million liters, 32% more year-on-year, with a six percent organic sales increase. The company anticipates an 80 million kroner operational income boost from the recent acquisitions in 2024, with the Q1 operating result up by 36 million kroner from last year.