Royal Unibrew A/S (ROYUF) Q2 2026 Earnings Call Transcript

SA Transcripts 161.9K Followers Follow Royal Unibrew A/S ( ROYUF ) Q2 2026 Earnings Call August 18, 2026 3:00 AM EDT Company Participants Lars Jensen - CEO, President & Member of Executive Board Lars Vestergaard - CFO & Member of Executive Board Conference Call Participants Matthew Ford - BNP Paribas, Research Division Thomas Lind Petersen - Nordea Markets, Research Division Richard Withagen - Kepler Cheuvreux, Research Division Aron Adamski - Goldman Sachs Group, Inc., Research Division Nadine Sarwat - Bernstein Institutional Services LLC, Research Division Edward Mundy - Jefferies LLC, Research Division André Thormann - Danske Bank A/S, Research Division Soren Samsoe - SEB, Research Division Andrea Pistacchi - BofA Securities, Research Division Presentation Lars Jensen CEO, President & Member of Executive Board Good morning, everyone, and welcome to Royal Unibrew's presentation of our first half results for 2026 My name is Lars Jensen, CEO for Unibrew. And joining me today is CFO, Lars Vestergaard and Flemming Nielsen from Investor Relations. We will take you through the highlights of our first half performance, review, developments across our segments, discuss the financial results and outlook and then open the line for questions. Now please turn to Slide #2. Before we begin, please note the usual disclaimer regarding forward-looking statements, assumptions and risk factors that may cause actual results to differ from expectations. And with that, please turn to Slide #3. Before turning to our first half performance, I would like to briefly revisit our strategy and how it continues to evolve. The headline on this slide is simple. Our core strategy remains unchanged, but some components are now being prioritized even higher. The first area is partnerships. As you know, we announced changes to our PepsiCo partnership in Northern Europe earlier this year. While we do not comment on specific partnership opportunities, discussions of potential partners, value-creating partnerships remain an important part of our multi-beverage strategy. We continue to keep all options open and will pursue partnerships