Royal Unibrew, the Denmark-based brewer, has lowered full-year profits guidance after raising DKK400m (US$78.6m) via a share rights issue.

The group raised DKK394m by selling nearly 5.6m new shares at DKK75 each, it said on Friday (11 December).

The brewer will use the proceeds to cut bank debt.

At the same time, Unibrew lowered its guidance for full-year pre-tax profits in 2009 to a range of DKK45-DKK70m, compared to DKK60-85m previously.

Reducing debt, the brewer said, will "involved a number of interest rate swaps" that will likely lead to a DKK15m charge in its full-year results.

Looking further ahead, Unibrew said it expects pre-tax profits of between DKK180m and DKK230m in 2010. 

Last month, Unibrew reported a rise in pre-tax profits for the first nine months of 2009, despite an 8% slip in sales.