Royal Unibrew benefits from long, hot summer

Earnings went up with the temperature

Hugger's promising career ended in 2009 when he endured a serious eye injury (photo: iStock)
August 15th, 2014 2:29 pm| by admin
facebooktwittergoogle_pluspinterestmail

This summer's warm weather has inspired beer and soft drink drinkers to down a few extra this year, helping Royal Unibrew to boost its revenue and earnings expectations for the entire year.

Royal Unibrew is Denmark's second largest brewer and the maker of Faxe and Ceres beers and Faxe Kondi soda. It also produces and markets Heineken in Denmark. 

Revenue increased in the first half of 2014 by 67 percent to just under 3 billion kroner when compared to the same period last year. A major part of the increase is due to the acquisition of Finnish brewer Hartwall in August last year. 

Continuous improvement
“We have seen continuous improvement in the first part of this year,” Unibrew boss Henrik Brandt told Berlingske. 

READ MORE: Too hot for beer?

The brewery is now increasing its expectations, both for profit and revenue in 2014.  Full year projections increased to 5.95-6.1 billion kroner from the previously announced 5.75-6.05 billion. The outlook for the operating profit increased from 790-840 million kroner from the previously projected 665-715 million kroner.

An old school problem could soon be on the way out (photo: Kai Hendry)
Annoying SIM card on the way out
The days of fumbling about to get a SIM card into your mobile phone may soo...
Hugger's promising career ended in 2009 when he endured a serious eye injury (photo: iStock)
Danish boxer Anders Hugger Nielsen found dead
A former professional boxer, Anders Hugger Nielsen, 34, was found dead on S...
For children to learn something, the teacher's authority is essential, believes an expert (photo: iStock)
Danish parents admit their children don’t respect teachers
Children must respect their teachers and regard them as an authority in the...
An interesting place to say "I do" (photo: Ævar Arnfjörð Bjarmason)
Taking the nuptial plunge from the bridge
More and more couples are choosing to say “I do” 60 metres in the air o...
Processing the loss of their loved ones (photo: iStock)
New trend in Denmark: living relatives inscribing their names on gravestones
An increasing number of Danes are choosing to have their names inscribed on...
Danes only want to pay for channels they actually watch (photo: iStock)
Most Danes want to pay only for TV channels they watch
A survey carried out for Jyllands-Posten shows that most Danes would choose...