H1 2026 underlying net revenue rose 4% at Royal Unibrew, with EBIT up 7%, diluted EPS up 10.7% and market share gains across key categories.
Volume growth reached 1.8%, while reported revenue growth was 1.2% after the brewer’s planned exit from lower-margin activities; own brands led the expansion.
International and Italy were the strongest growth engines in the half, with Northern Europe also contributing positively despite Easter timing boosting Q1 and weighing on Q2.
Inflation pressure increased across several cost categories, but cash flow stayed in line with plan and supported continued shareholder returns as the company reiterated its full-year 2026 outlook.