DENMARK: Royal Unibrew launches share buy-back
Royal Unibrew plans to launch a share buy-back programme.
The Danish brewer said yesterday (31 May), that it will launch a buy-back programme of up to 300,000 shares or DKK200m (US$36m) in an effort to optimise the group's capital structure.
The beer company said it aims to increase its interest-bearing debt to three times the size of EBITDA by the end of the year, compared to a two-to-one ratio at the end of 2006.
The buy-back programme will be effective between 1 June and 28 April next year.
Last month, Royal Unibrew said that pre-tax losses for the three months to 31 March totaled DKK59.1m against losses of DKK51.1m a year earlier. The rising losses, however, were described by the brewer as being "as expected". Sales for the quarter, meanwhile, were up by almost 9% to DKK704.6m from DKK648m in value terms, and up by 5% to 1.3m hectolitres from 1.2m in volume terms.
Whether marketed as non-alcoholic beers or soft drinks, malt-based beverages are expected to grow as a category in the coming years. While the products are finding increasing acceptance among Muslim c...
Royal Unibrew has posted a slight dip in operating profit for the first half of this year, despite a lift in sales for the period....
Royal Unibrew is looking to use the purchase of Livu Alus in Latvia to help alleviate capacity concerns in the Baltic region....
Royal Unibrew has increased its presence in the Baltic states with the purchase of Livu Alus brewery in Latvia....
Royal Unibrew is to markedly up its stake in a Caribbean brewer....
Royal Unibrew has seen its losses widen in the first three months of this year....
Heineken is heralding the move from exporting its beer to Denmark to brewing under license as an optimistic signal for sales in the country....
Heineken has extended its agreement with Royal Unibrew in Denmark to cover the brewing of its beers in the country....
- Industry is following the pack to patriotic party
- The category today - Scotch Whisky I
- Today's Market Trends - Scotch Whisky II
- Key Brands Performance - Scotch Whisky IV
- Tomorrow's Market Trends - Scotch Whisky III
- Brown-Forman shuffles director pack
- Diageo unveils first European Johnnie Walker House
- Spirits can fill music industry gap - Jagermeister
- Diageo's Smirnoff Red, White & Berry - NPD
- Wm Grant redesigns Glenfiddich 21yo Gran Reserva
- Global RTD insights - market forecasts, product innovation and consumer trends
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Soft Drinks Global Overview: Growth Opportunities Between Category Lines
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages
- Global travel retail insights - market forecasts, product innovation and consumer trends