Børsens News Service in English
Royal Unibrew upgrades expectations for 2010
26-08-2010
09:48
Royal Unibrew continued the positive earnings trend in the second quarter, and consequently the management is now upgrading its expectations for the full financial year. The profit before tax for 2010 is now expected to amount to DKK 310-360 million compared to the previous expectation of DKK 205-255 million.
Also revenue is expected to be better than previously expected. The expectations are increased to DKK 3.7-3.85 billion from the previous estimate of DKK 3.4-3.6 billion. The first half-year 2010 developed quite differently from the first half-year 2009. Profit for the first half-year 2010 amounted to DKK 70.9 million compared to DKK 16.9 million for the first half-year 2009.
»We are still seeing volatility and keen competition in all markets. We are therefore pleased to have continued the positive trend in the Group’s results in consequence of enhanced marketing efforts, new product launches, continued and persistent focus on strict efficiency management as well as competent and dedicated employees,« CEO Henrik Brandt wrote in the Interim Report.
Also revenue is expected to be better than previously expected. The expectations are increased to DKK 3.7-3.85 billion from the previous estimate of DKK 3.4-3.6 billion. The first half-year 2010 developed quite differently from the first half-year 2009. Profit for the first half-year 2010 amounted to DKK 70.9 million compared to DKK 16.9 million for the first half-year 2009.
»We are still seeing volatility and keen competition in all markets. We are therefore pleased to have continued the positive trend in the Group’s results in consequence of enhanced marketing efforts, new product launches, continued and persistent focus on strict efficiency management as well as competent and dedicated employees,« CEO Henrik Brandt wrote in the Interim Report.
*****||*****Royal Unibrew upgrades expectations for 2010 *****||*****Royal Unibrew continued the positive earnings trend in the second quarter, and consequently the management is now upgrading its expectations for the full financial year. The profit before tax for 2010 is now expected to amount to DKK 310-360 million compared to the previous expectation of DKK 205-255 million.*****||*****
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