Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
Denmark
In shortRoyal Unibrew A/s is profitable.
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 14.0% | 63/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 9.9% | 60/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 23.8% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.71× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | – | n/a |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 7.86× | 61/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.70 | 15/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 10.1% | 60/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.02× | 90/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 9.8% | 75/100 |
| Operating margin volatility | 2.6% | 86/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 11.0% | 78/100 |
|---|---|---|
| EPS growth, 3-year average | 10.7% | 78/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
DKK millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 8,746 | 11,487 | 12,927 | 15,036 | 15,723 |
| Cost of revenue | 4,490 | 6,618 | 7,533 | 8,648 | 8,957 |
| Gross profit | 4,256 | 4,869 | 5,394 | 6,388 | 6,766 |
| Operating income | 1,652 | 1,516 | 1,638 | 1,968 | 2,202 |
| Interest expense | 49 | 103 | 260 | 326 | 280 |
| Pre-tax income | 1,647 | 1,785 | 1,406 | 1,865 | 1,966 |
| Income tax | 349 | 294 | 311 | 401 | 406 |
| Net income | 1,299 | 1,492 | 1,095 | 1,464 | 1,560 |
| Diluted EPS | kr26.50 | kr23.10 | kr21.90 | kr29.20 | kr31.30 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
1.70 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
8/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Dec 31, 2025