Half Year 2024 Royal Unibrew A/S Earnings Call Transcript

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Aug 23, 2024

Aug 23, 2024 / 07:00AM GMT
Lars Jensen - Royal Unibrew A/S-President - Chief Executive Officer, Member of the Executive Board

Good morning, everybody. My name is Lars Jensen, and I'm the CEO of Royal Unibrew. With me today, I have our CFO, Lars Vestergaard, and we would like to welcome you to this webcast, where we will cover the release of our half-year results and afterwards, take your questions.

Now, please turn to slide number 3. We have had a strong start to the year with good momentum in the business and strong growth up until and including May. The weather in June had a negative impact on our performance in Q2. Despite the poor weather in June, we realized 1% organic volume growth in the quarter, driven by continued strong rebound in international and normalized Italian market, strong product mix and price increases across geographies, drove an organic net revenue growth of 4% in the quarter.

The price mix of 3% was positively impacted by strong product mix in Western Europe and negatively impacted by channel mix in Northern Europe and the country mix in

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