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DENMARK: Royal Unibrew Q3 sets fair for strong 2006

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Royal Unibrew has posted a lift across the board in its third quarter.

The Danish brewery group said today (16 November) that net turnover in the three-month period reached DKK988m (US$169.6m) compared to DKK907.9m in the corresponding period a year earlier. Pre-tax profit reached DKK161.2m from DKK133.3m.

For the first nine months of 2006, sales hit DKK2.6bn against DKK2.4bn, while pre-tax profit stands at DKK207.1m compared to DKK187m.

In volume terms, sales of beer, malt and soft drinks for the nine-month period were up by 12% year-on-year at 4.9m hectolitres. Royal Unibrew credited the strong performance to impressive sales in the Baltic and Nordic countries as well as in Germany and Italy. Total sales in Western Europe were up by 6.7%.

Full-year pre-tax profits are forecast to come in between DKK320m and DKK340m, the company noted.

In August of this year, Royal Unibrew announced the closure of its Lithuanian brewery in the capital, Vilnius. The move was part of a restructuring of the company's operations in the Baltic region.


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