Royal Unibrew benefits from long, hot summer

Earnings went up with the temperature

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.

'Formation' is not just a song, it is a political statement (photo: VS-Angel)
Beyonce coming to Denmark
Beyonce has announced she will be bringing her 'Formation World Tour' to De...
Falling oil prices have had a major impact (photo: iStock)
Danish export to US and China on the rise
Danish exports to the US and China jumped considerably in 2015, according t...
In 2015, the number of overnights increased by 17 percent in Malmo (photo: Pixabay)
Tourists spending more nights in southern Sweden
Last year, hotels in the Swedish region of Scania recorded a 12 percent inc...
Friday will be a cold day with sleet and snow (photo: Pixabay)
Winter’s coming back!
Following a relatively mild weekend, cold temperatures will return to hit D...
The cement factory will be located some 400 km away from Algiers (photo: FLSmidth)
FLSmidth hauls in lucrative Algerian order
The Danish engineering company FLSmidth has signed a lucrative EPC (enginee...
Al Zubarah is a UNESCO-protected merchant town dating back to the mid-18th century (photo: Aurel Cuvin)
Archaeological project in Qatar halted
A large-scale archaeological co-operation between the University of Copenha...