Royal Unibrew has said it expects full-year earnings to hit the top end of its guidance range after a better-than-expected first quarter of 2010.

Net sales for the three months to the end of March reached DKK782m (US$138.5m), up 2% on the same period of 2009, Royal Unibrew said this week. Beer sales by volume were broadly flat agains the prior year.

The brewer cut net losses for the quarter to DKK18m versus DKK34.5m a year earlier. It also swung to operating profits of DKK10m, compared to losses of DKK28m in the previous year’s quarter.

The group said that it now expects full-year earnings to be at the top of its guidance range of between DKK205 and DKK255m.

“Consumers continue to show restraint, and the markets are volatile and characterised by keen competition,” said Royal Unibrew’s CEO, Henrik Brandt.

“The improved financial performance is not least due to the significant measures taken in 2009 to optimise Royal Unibrew now really gathering momentum,” said Brandt. “In Q1 we launched several new, interesting products; we will continue to do so throughout 2010, and we will also continue optimising our business in general.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Royal Unibrew last year sold off stakes in two Caribbean breweries and also its Koszalin brewery in Poland, as part of a restructuring programme.

Subscribe to Just Drinks for just £1 for 1 month

Stay ahead with unbiased news, expert commentary, and in-depth features on global topics.

As a trusted provider of data and insights, Just Drinks collaborates closely with industry leaders and professionals to offer unique thought leadership and analysis. Gain a deeper understanding of the apparel industry’s trajectory and the priorities shaping the profession.

What’s included in your subscription:
  • Personalized Access: Secure login to Just Drinks
  • Industry News & Expert Commentary: Timely updates and exclusive C-level interviews.
  • Case Studies & Deep Dives: Real-world applications and in-depth analyses.
  • Exclusive Subscriber Newsletter: Weekly top features, plus a new thematic report and webinar.

Ready to stay informed?

Subscribe to unlock exclusive content.

Already a subscriber? Sign in to access your account.

Just Drinks Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Drinks Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now