Royal Unibrew A/S RBREW.CO · DKK

Consumer Staples · Nasdaq Copenhagen · 🇩🇰 Denmark

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449.40

-1.01%

Close of 9 Nov 2026, in DKK

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At a glance

Figures in DKK, from our data supplier.

FY2025

Revenue

DKK 15.72bn

FY2016FY2025

Net income

DKK 1.56bn

FY2016FY2025

Free cash flow

DKK 1.54bn

FY2016FY2025

Shareholders' equity

DKK 6.71bn

FY2016FY2025

Income statement

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	DKK 15.72bn	DKK 15.04bn	DKK 12.93bn	DKK 11.49bn	DKK 8.75bn	DKK 7.56bn	DKK 7.69bn	DKK 7.30bn	DKK 6.38bn	DKK 6.34bn
Gross profit	DKK 6.43bn	DKK 6.39bn	DKK 5.39bn	DKK 4.87bn	DKK 4.26bn	DKK 3.94bn	DKK 4.08bn	DKK 3.83bn	DKK 3.30bn	DKK 3.29bn
Operating income	DKK 2.20bn	DKK 1.97bn	DKK 1.61bn	DKK 1.58bn	DKK 1.69bn	DKK 1.54bn	DKK 1.50bn	DKK 1.36bn	DKK 1.08bn	DKK 1.03bn
Net income	DKK 1.56bn	DKK 1.46bn	DKK 1.09bn	DKK 1.49bn	DKK 1.30bn	DKK 1.18bn	DKK 1.14bn	DKK 1.04bn	DKK 830.7m	DKK 783.8m
Diluted earnings per share	31.84	29.06	21.88	30.15	26.98	24.02	23.58	20.78	15.84	14.71

Balance sheet

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total assets	DKK 18.27bn	DKK 17.89bn	DKK 17.78bn	DKK 14.47bn	DKK 10.91bn	DKK 8.31bn	DKK 8.49bn	DKK 8.06bn	DKK 6.78bn	DKK 6.08bn
Cash and short-term investments	DKK 82.0m	DKK 103.0m	DKK 57.0m	DKK 214.0m	DKK 86.0m	DKK 81.0m	DKK 72.0m	DKK 145.2m	DKK 684.6m	DKK 6.9m
Total liabilities	DKK 11.56bn	DKK 11.48bn	DKK 12.03bn	DKK 9.32bn	DKK 7.57bn	DKK 4.97bn	DKK 5.39bn	DKK 5.15bn	DKK 3.96bn	DKK 3.16bn
Debt	DKK 5.81bn	DKK 5.80bn	DKK 6.48bn	DKK 4.67bn	DKK 3.62bn	DKK 2.27bn	DKK 2.78bn	DKK 2.67bn	DKK 1.66bn	DKK 998.0m
Shareholders' equity	DKK 6.71bn	DKK 6.41bn	DKK 5.75bn	DKK 5.16bn	DKK 3.33bn	DKK 3.31bn	DKK 3.10bn	DKK 2.90bn	DKK 2.81bn	DKK 2.91bn
Shares outstanding	49m	50m	50m	49m	48m	49m	48m	50m	52m	53m

Cash flow

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash from operations	DKK 2.38bn	DKK 2.19bn	DKK 1.78bn	DKK 1.14bn	DKK 1.75bn	DKK 1.74bn	DKK 1.40bn	DKK 1.21bn	DKK 1.17bn	DKK 984.7m
Capital spending	−DKK 841.0m	−DKK 819.0m	−DKK 602.0m	−DKK 502.0m	−DKK 426.0m	−DKK 281.0m	−DKK 350.7m	−DKK 342.7m	−DKK 253.8m	−DKK 209.6m
Free cash flow	DKK 1.54bn	DKK 1.37bn	DKK 1.18bn	DKK 633.0m	DKK 1.33bn	DKK 1.46bn	DKK 1.05bn	DKK 871.5m	DKK 914.5m	DKK 775.1m
Dividends paid	−DKK 749.0m	−DKK 726.0m	−DKK 720.0m	−DKK 692.0m	−DKK 653.0m	−DKK 600.0m	−DKK 538.0m	−DKK 450.9m	−DKK 426.5m	−DKK 385.8m

Latest quarters

By quarter end

	Jun 2026	Mar 2026	Dec 2025	Sept 2025	Jun 2025	Mar 2025	Dec 2024	Sept 2024
Revenue	DKK 4.43bn	DKK 3.31bn	DKK 3.78bn	DKK 4.30bn	DKK 4.44bn	DKK 3.21bn	DKK 3.57bn	DKK 4.08bn
Gross profit	DKK 2.04bn	DKK 1.34bn	DKK 1.52bn	DKK 1.97bn	DKK 1.99bn	DKK 1.28bn	DKK 1.40bn	DKK 1.86bn
Operating income	DKK 753.0m	DKK 273.0m	DKK 466.0m	DKK 777.0m	DKK 740.0m	DKK 219.0m	DKK 427.0m	DKK 675.0m
Net income	DKK 537.0m	DKK 171.0m	DKK 345.0m	DKK 558.0m	DKK 530.0m	DKK 127.0m	DKK 232.0m	DKK 675.0m
Diluted earnings per share	11.00	3.50	7.04	11.39	10.82	2.59	4.61	13.40
Cash from operations	DKK 1.10bn	−DKK 192.0m	DKK 630.0m	DKK 793.0m	DKK 1.21bn	−DKK 281.0m	DKK 723.0m	DKK 484.0m
Capital spending	−DKK 157.0m	−DKK 210.0m	−DKK 160.0m	−DKK 229.0m	−DKK 194.0m	−DKK 221.0m	−DKK 300.0m	−DKK 167.0m
Free cash flow	DKK 943.0m	−DKK 402.0m	DKK 470.0m	DKK 564.0m	DKK 1.02bn	−DKK 502.0m	DKK 423.0m	DKK 317.0m
Total assets	DKK 19.26bn	DKK 18.82bn	DKK 18.27bn	DKK 18.69bn	DKK 18.96bn	DKK 18.76bn	DKK 17.89bn	DKK 18.10bn
Cash and short-term investments	DKK 54.0m	DKK 41.0m	DKK 82.0m	DKK 60.0m	DKK 74.0m	DKK 96.0m	DKK 103.0m	DKK 73.0m
Debt	DKK 1.28bn	DKK 6.38bn	DKK 5.81bn	DKK 6.08bn	DKK 6.45bn	DKK 6.59bn	DKK 5.80bn	DKK 5.45bn
Shareholders' equity	DKK 6.21bn	DKK 6.91bn	DKK 6.71bn	DKK 6.53bn	DKK 6.10bn	DKK 6.56bn	DKK 6.41bn	DKK 6.17bn

Financial ratios

Data as of 23 Sept 2026

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	40.9%	42.5%	41.7%	42.4%	48.7%	52.2%
Operating margin	14.0%	13.1%	12.4%	13.8%	19.3%	20.4%
Net margin	9.9%	9.7%	8.5%	13.0%	14.9%	15.7%
Return on equity	23.2%	22.8%	19.1%	28.9%	39.0%	35.8%
Return on assets	8.5%	8.2%	6.2%	10.3%	11.9%	14.2%
Free cash flow yield	15.7%	14.2%	11.3%	7.9%	10.8%	9.8%
Revenue growth	4.6%	16.3%	12.5%	31.3%	15.7%	-1.8%
Earnings growth	6.6%	33.7%	-26.6%	14.9%	9.8%	3.6%
Current ratio	0.71x	0.64x	0.67x	0.66x	0.56x	0.58x
Debt to equity	0.87x	0.90x	1.13x	0.91x	1.09x	0.69x
Equity ratio	36.7%	35.8%	32.3%	35.6%	30.5%	39.8%
Interest coverage	8.53x	6.31x	6.64x	26.38x	48.31x	41.73x
Buybacks as a share of market value	2.7%	-0.6%	-1.2%	-2.8%	2.3%	-1.7%

Growth per year

Compound annual rate

	3 years	5 years	10 years
Revenue	11.0%	15.8%	10.1%
Operating income	11.6%	7.4%	8.7%
Net income	1.5%	5.7%	8.2%

Average margins

Over each period

	1 year	3 years	5 years	10 years
Gross margin	41.7%	41.8%	43.8%	46.5%
Operating margin	13.6%	13.3%	14.8%	15.7%
Net margin	9.8%	10.2%	11.3%	12.0%

Valuation history

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Price to earnings	17.9	17.4	20.6	16.4	27.3	29.4	25.9	21.6	23.5	18.5
Price to sales	1.8	1.7	1.8	2.1	4.1	4.6	3.8	3.1	3.0	2.3

Dividends and splits

Per share, in the currency the company pays

Paid for 11 years. Last went ex-dividend on 30 Apr 2026.

	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Paid in the year	16.00	15.00	14.50	14.50	14.50	13.50	12.20	10.80

5-for-1 split · 5 May 2015
1-to-1 reverse split · 4 Jun 2002
10-for-1 split · 28 Apr 1998

Sources and methodology

Data on this tab: Our data supplier
Chart on the Overview: TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.

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Royal Unibrew A/S RBREW.CO · DKK

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At a glance

Income statement

Balance sheet

Cash flow

Latest quarters

Financial ratios

Growth per year

Average margins

Valuation history

Dividends and splits

Sources and methodology