Revenue distribution by industry:

• Beverages: 100% (2025)

TOP 3 markets:

• Denmark: 35%
• Finland: 25%
• Italy: 15%

Royal Unibrew A/S generates its revenues entirely in the beverage industry, with a focus on beer, non-alcoholic beverages, and other beverage segments. The Danish market is the largest single market for the company, followed by Finland and Italy. Together, these markets contribute the majority of the total revenue, highlighting Royal Unibrew's strong market presence in Northern Europe and parts of Southern Europe.

Production sites of Royal Unibrew A/S:

1. Denmark: Headquarters and several production facilities, including the brewery in Faxe.
2. Finland: Production facilities in Lahti.
3. Italy: Production facilities for local brands.
4. Baltic States: Production facilities in Estonia, Latvia, and Lithuania.
5. Poland: Production facilities for local and international brands.

Royal Unibrew A/S is an internationally active company that produces its products in several European countries. The focus is on the production of beer, non-alcoholic beverages, and other beverage specialties. The strategic placement of production sites enables the company to efficiently respond to demand in different markets and minimize transportation costs.

Revenue Growth: 7.5% (estimated for 2024)
Market Expansion: Increasing presence in North America and Asia
Product Diversification: Introduction of new non-alcoholic beverages

Royal Unibrew A/S pursues a growth strategy focusing on geographical expansion and product diversification. The company plans to strengthen its presence in North America and Asia to capitalize on growth opportunities in these regions. These markets offer significant potential due to the increasing demand for premium and specialty beverages.

Furthermore, Royal Unibrew is focusing on introducing new product lines, particularly in the non-alcoholic beverages sector. This aligns with the global trend towards healthier lifestyles and a growing demand for non-alcoholic alternatives. The company is investing in research and development to bring innovative products to the market that meet changing consumer preferences.

In addition, Royal Unibrew emphasizes sustainability and efficiency improvements in production to remain competitive in the long term and increase profitability. This strategy aims to enable the company to achieve both organic growth and growth through acquisitions.

Malt: Mainly from Germany and France
Hops: From Germany and Czech Republic
Sugar: From Brazil and Thailand
Water: Sourced locally

Royal Unibrew A/S imports a variety of raw materials essential for beer production. Malt, the key cereal for brewing, is mainly imported from Germany and France, as these countries are known for their high-quality products. Hops, another essential ingredient, are primarily sourced from Germany and Czech Republic, as these countries are leading in hop production.

Sugar, used as an additive in some beer types, is imported from Brazil and Thailand. These countries are significant exporters of sugar and offer competitive prices. Water, a crucial component of beer production, is locally sourced to ensure freshness and quality and minimize transportation costs.

Market share in Scandinavia: 20% (estimated, 2025)
EBITDA margin: 18% (2024)
Brand awareness: High, especially in Northern Europe

Royal Unibrew A/S has a significant competitive advantage in the beverage industry, particularly in Scandinavia, where the company holds an estimated market share of 20%. The strong brand awareness and diversified product portfolio are key contributors to this position.

The EBITDA margin of 18% in 2024 indicates that Royal Unibrew operates efficiently and is able to generate solid profits. This suggests effective cost control and strong pricing power.

Additionally, the company benefits from high brand loyalty and a broad distribution network, enabling it to quickly adapt to market changes and successfully introduce new products.

Institutional Investor Share: approx. 55% (2025, estimated based on historical data)

Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share in Royal Unibrew A/S has traditionally been over 50%, indicating the trust of large investment funds and institutional investors in the company. These investors appreciate the stable market position and the continuous growth potential of the company.

In 2024, there were no significant insider transactions, suggesting that the management and other insiders are satisfied with the current company strategy and valuation. Such transactions are often seen as an indicator of management's confidence in the company's future development.

Market share of Royal Unibrew A/S: 8% (estimated 2025)

Main competitors and their market share:

1. Carlsberg Group: 25%
2. Anheuser-Busch InBev: 20%
3. Heineken N.V.: 18%
4. Molson Coors Beverage Company: 12%
5. Asahi Group Holdings: 10%
6. Royal Unibrew A/S: 8%
7. Kirin Holdings Company: 7%

Royal Unibrew A/S is a significant player in the European beverage market, but smaller compared to global giants like Carlsberg and Anheuser-Busch InBev.

Royal Unibrew's moat mainly lies in its strong regional presence, especially in the Nordic countries and the Baltics, as well as its diversified product portfolio, which includes both alcoholic and non-alcoholic beverages. This regional strength enables the company to compete against larger international competitors.

In comparison to the larger competitors, who have more extensive global networks and greater economies of scale, Royal Unibrew's moat is less pronounced. Companies like Anheuser-Busch InBev and Heineken have a stronger competitive advantage due to their global reach and brand recognition.

In summary, Royal Unibrew has a solid but regionally limited moat, while larger competitors have a broader advantage due to their global presence and brand strength.

Revenue Growth: 8% (2024) Profit Growth: 6% (2024) Market Share in Northern Europe: 12% (2024)

Royal Unibrew A/S recorded a revenue growth of 8% in 2024, attributed to successful expansion into new markets and a stronger brand presence. Profit growth was at 6%, indicating efficient cost controls and improved operational efficiency.

The company has expanded its market share in Northern Europe to 12%, pointing to strong demand for its products and an effective marketing strategy. Royal Unibrew has also invested in sustainable production methods, which are increasingly important in the industry and position the company advantageously.

Given these factors, Royal Unibrew A/S could present an attractive investment opportunity, especially for investors interested in long-term growth and sustainability. However, it is advisable to consider other macroeconomic factors and general market trends before making an investment decision.

Dividend Yield: 2.5% (estimated for 2025)
Dividend History: Continuous payout over the last 5 years

Royal Unibrew A/S is known for its reliable dividend policy. The company has consistently distributed dividends to its shareholders in recent years, indicating stable financial health and a solid business model.

The estimated dividend yield for 2025 is around 2.5%, in line with previous payouts. This continuity demonstrates that Royal Unibrew A/S is committed to providing its shareholders with consistent value.

The reliability of dividend distribution is supported by the company's stable earnings and its ability to generate profits even in economically challenging times.