- Q3 2023 Royal Unibrew A/S Trading Statement Call TranscriptNov 09, 2023
- Half Year 2023 Royal Unibrew A/S Earnings Call TranscriptAug 23, 2023Earnings
- Royal Unibrew A/S Annual Shareholders Meeting TranscriptApr 27, 2023
- Full Year 2022 Royal Unibrew A/S Earnings Call TranscriptMar 02, 2023€66.86 (+2.70%)Earnings
- Q3 2022 Royal Unibrew A/S Trading Statement Call TranscriptOct 27, 2022
- Q2 2022 Royal Unibrew A/S Earnings Call TranscriptAug 18, 2022€79.26 (-0.95%)Earnings
- Q4 2021 Royal Unibrew A/S Earnings Call TranscriptMar 02, 2022€89.24 (-5.67%)Earnings
- Q3 2021 Royal Unibrew A/S Trading Statement Call TranscriptNov 18, 2021
- Q2 2021 Royal Unibrew A/S Earnings Call TranscriptAug 24, 2021€110.4 (+1.15%)Earnings
- Royal Unibrew A/S to Acquire Solera Beverage Group AS - M&A Call TranscriptJul 02, 2021
- Q4 2020 Royal Unibrew A/S Earnings Call TranscriptMar 04, 2021€84.42 (-0.82%)Earnings
- Q3 2020 Royal Unibrew A/S Trading Statement Call TranscriptNov 18, 2020
- Q2 2020 Royal Unibrew A/S Earnings Call TranscriptAug 19, 2020€89.72 (+9.33%)Earnings
- Q1 2020 Royal Unibrew A/S Trading Statement Call TranscriptApr 29, 2020
- Q4 2019 Royal Unibrew A/S Earnings Call TranscriptMar 11, 2020€63.36 (-9.33%)Earnings
- Q3 2019 Royal Unibrew A/S Earnings Call TranscriptNov 14, 2019€77.32 (+0.44%)Earnings
- Q2 2019 Royal Unibrew A/S Earnings Call TranscriptAug 28, 2019€71.04 (-0.22%)Earnings
- Q4 2018 Royal Unibrew A/S Earnings Call TranscriptMar 07, 2019Earnings
Half Year 2023 Royal Unibrew A/S Earnings Call Transcript
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Good morning to you all, and welcome to our first half results webcast. I'm Lars Jensen, I'm the CEO of Royal Unibrew. Today, our CFO, Lars Vestergaard, joins us on another line. So we hope that the technology will work as expected.
Now let's turn to Slide #3. The second quarter of '23 marked the first signs of improvement in profitability as we recorded positive organic EBIT growth of 3% in Danish kroner. This was especially driven by a strong performance in our Northern European multi-beverage markets, where EBIT grew organically by 19% and 24% in local currencies in the first half of '23. The organic volume decline of 4% in Q2 was a consequence of tough comparable numbers in Western Europe and International, whereas volumes in Northern Europe increased by 3%. The organic net revenue growth of 5% in Q2 was driven by the implemented price increases while negatively impacted by weaker Norwegian and Swedish krona.
The organic net revenue growth in local currencies was
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