Royal Unibrew A/S
OTC:ROYUF
Income Statement
Earnings Waterfall
Royal Unibrew A/S
Revenue
|
13.6B
DKK
|
Cost of Revenue
|
-8B
DKK
|
Gross Profit
|
5.6B
DKK
|
Operating Expenses
|
-3.9B
DKK
|
Operating Income
|
1.7B
DKK
|
Other Expenses
|
-577m
DKK
|
Net Income
|
1.1B
DKK
|
Income Statement
Royal Unibrew A/S
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
4 996
N/A
|
5 680
+14%
|
6 131
+8%
|
6 056
-1%
|
6 080
+0%
|
5 987
-2%
|
5 960
0%
|
6 032
+1%
|
6 092
+1%
|
6 269
+3%
|
6 297
+0%
|
6 340
+1%
|
6 344
+0%
|
6 363
+0%
|
6 335
0%
|
6 384
+1%
|
6 482
+2%
|
6 720
+4%
|
7 139
+6%
|
7 298
+2%
|
7 367
+1%
|
7 571
+3%
|
7 579
+0%
|
7 692
+1%
|
7 649
-1%
|
7 358
-4%
|
7 444
+1%
|
7 557
+2%
|
7 517
-1%
|
7 838
+4%
|
8 072
+3%
|
8 746
+8%
|
9 303
+6%
|
10 214
+10%
|
11 076
+8%
|
11 487
+4%
|
11 877
+3%
|
12 261
+3%
|
12 301
+0%
|
12 927
+5%
|
13 574
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2 445)
|
(2 744)
|
(2 931)
|
(2 906)
|
(2 905)
|
(2 849)
|
(2 830)
|
(2 863)
|
(2 894)
|
(3 002)
|
(3 034)
|
(3 053)
|
(3 066)
|
(3 078)
|
(3 059)
|
(3 084)
|
(3 122)
|
(3 218)
|
(3 404)
|
(3 471)
|
(3 498)
|
(3 579)
|
(3 571)
|
(3 612)
|
(3 613)
|
(3 570)
|
(3 637)
|
(3 613)
|
(3 729)
|
(3 852)
|
(4 005)
|
(4 490)
|
(4 844)
|
(5 448)
|
(6 185)
|
(6 618)
|
(6 928)
|
(7 233)
|
(7 200)
|
(7 533)
|
(7 969)
|
|
Gross Profit |
2 552
N/A
|
2 936
+15%
|
3 200
+9%
|
3 150
-2%
|
3 175
+1%
|
3 138
-1%
|
3 130
0%
|
3 169
+1%
|
3 198
+1%
|
3 267
+2%
|
3 263
0%
|
3 287
+1%
|
3 279
0%
|
3 285
+0%
|
3 276
0%
|
3 300
+1%
|
3 359
+2%
|
3 502
+4%
|
3 736
+7%
|
3 827
+2%
|
3 870
+1%
|
3 992
+3%
|
4 008
+0%
|
4 081
+2%
|
4 036
-1%
|
3 788
-6%
|
3 808
+1%
|
3 944
+4%
|
3 788
-4%
|
3 986
+5%
|
4 067
+2%
|
4 256
+5%
|
4 459
+5%
|
4 766
+7%
|
4 891
+3%
|
4 869
0%
|
4 949
+2%
|
5 028
+2%
|
5 101
+1%
|
5 394
+6%
|
5 605
+4%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 010)
|
(2 240)
|
(2 376)
|
(2 324)
|
(2 261)
|
(2 248)
|
(2 241)
|
(2 252)
|
(2 274)
|
(2 308)
|
(2 297)
|
(2 287)
|
(2 265)
|
(2 249)
|
(2 239)
|
(2 231)
|
(2 248)
|
(2 295)
|
(2 437)
|
(2 482)
|
(2 513)
|
(2 584)
|
(2 559)
|
(2 611)
|
(2 578)
|
(2 366)
|
(2 277)
|
(2 429)
|
(2 244)
|
(2 384)
|
(2 469)
|
(2 603)
|
(2 827)
|
(3 144)
|
(3 375)
|
(3 351)
|
(3 468)
|
(3 522)
|
(3 578)
|
(3 750)
|
(3 932)
|
|
Selling, General & Administrative |
(1 995)
|
(2 225)
|
(2 375)
|
(2 215)
|
(2 261)
|
(2 248)
|
(2 241)
|
(2 131)
|
(2 274)
|
(2 308)
|
(2 297)
|
(2 179)
|
(2 265)
|
(2 249)
|
(2 239)
|
(2 131)
|
(2 248)
|
(2 295)
|
(2 437)
|
(2 321)
|
(2 513)
|
(2 584)
|
(2 559)
|
(2 443)
|
(2 578)
|
(2 366)
|
(2 277)
|
(2 268)
|
(2 244)
|
(2 384)
|
(2 469)
|
(2 416)
|
(2 827)
|
(3 144)
|
(3 375)
|
(3 093)
|
(3 468)
|
(3 522)
|
(3 578)
|
(3 493)
|
(3 962)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
(109)
|
0
|
0
|
0
|
(122)
|
0
|
0
|
0
|
(108)
|
0
|
0
|
0
|
(101)
|
0
|
0
|
0
|
(161)
|
0
|
0
|
0
|
(169)
|
0
|
0
|
0
|
(161)
|
0
|
0
|
0
|
(187)
|
0
|
0
|
0
|
(258)
|
0
|
0
|
0
|
(287)
|
0
|
|
Other Operating Expenses |
(15)
|
(15)
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
30
|
30
|
|
Operating Income |
542
N/A
|
696
+28%
|
823
+18%
|
826
+0%
|
914
+11%
|
891
-3%
|
889
0%
|
917
+3%
|
924
+1%
|
959
+4%
|
967
+1%
|
1 001
+4%
|
1 014
+1%
|
1 036
+2%
|
1 037
+0%
|
1 069
+3%
|
1 111
+4%
|
1 207
+9%
|
1 299
+8%
|
1 345
+4%
|
1 357
+1%
|
1 408
+4%
|
1 449
+3%
|
1 469
+1%
|
1 458
-1%
|
1 422
-2%
|
1 530
+8%
|
1 515
-1%
|
1 544
+2%
|
1 602
+4%
|
1 598
0%
|
1 653
+3%
|
1 632
-1%
|
1 622
-1%
|
1 516
-7%
|
1 518
+0%
|
1 481
-2%
|
1 506
+2%
|
1 523
+1%
|
1 644
+8%
|
1 673
+2%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(28)
|
(29)
|
(28)
|
(27)
|
(15)
|
(20)
|
(27)
|
(19)
|
(13)
|
(8)
|
(3)
|
(1)
|
(0)
|
(2)
|
(4)
|
(10)
|
(17)
|
(13)
|
(16)
|
(9)
|
(10)
|
(17)
|
(11)
|
(11)
|
(12)
|
(16)
|
(12)
|
(10)
|
(4)
|
4
|
5
|
(4)
|
(13)
|
322
|
302
|
283
|
232
|
(164)
|
(194)
|
(220)
|
(265)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(6)
|
0
|
|
Total Other Income |
0
|
0
|
0
|
1
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(12)
|
0
|
|
Pre-Tax Income |
513
N/A
|
667
+30%
|
796
+19%
|
801
+1%
|
899
+12%
|
871
-3%
|
862
-1%
|
902
+5%
|
911
+1%
|
952
+4%
|
964
+1%
|
998
+3%
|
1 013
+2%
|
1 034
+2%
|
1 034
0%
|
1 056
+2%
|
1 094
+4%
|
1 194
+9%
|
1 283
+7%
|
1 328
+4%
|
1 347
+1%
|
1 391
+3%
|
1 438
+3%
|
1 458
+1%
|
1 446
-1%
|
1 406
-3%
|
1 518
+8%
|
1 505
-1%
|
1 540
+2%
|
1 606
+4%
|
1 603
0%
|
1 647
+3%
|
1 619
-2%
|
1 944
+20%
|
1 818
-6%
|
1 785
-2%
|
1 713
-4%
|
1 342
-22%
|
1 329
-1%
|
1 406
+6%
|
1 408
+0%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(62)
|
(105)
|
(134)
|
(176)
|
(197)
|
(191)
|
(188)
|
(191)
|
(193)
|
(198)
|
(200)
|
(214)
|
(218)
|
(224)
|
(223)
|
(225)
|
(232)
|
(252)
|
(268)
|
(288)
|
(296)
|
(312)
|
(333)
|
(318)
|
(313)
|
(301)
|
(315)
|
(307)
|
(310)
|
(319)
|
(317)
|
(349)
|
(344)
|
(314)
|
(281)
|
(294)
|
(278)
|
(291)
|
(296)
|
(311)
|
(312)
|
|
Income from Continuing Operations |
452
|
562
|
662
|
624
|
703
|
680
|
674
|
711
|
718
|
754
|
764
|
784
|
796
|
810
|
811
|
831
|
863
|
942
|
1 015
|
1 040
|
1 051
|
1 079
|
1 106
|
1 140
|
1 132
|
1 105
|
1 202
|
1 198
|
1 230
|
1 287
|
1 286
|
1 298
|
1 275
|
1 630
|
1 537
|
1 491
|
1 435
|
1 051
|
1 033
|
1 095
|
1 096
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
2
|
2
|
2
|
2
|
(8)
|
(21)
|
(15)
|
(15)
|
(5)
|
7
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
452
N/A
|
562
+24%
|
662
+18%
|
624
-6%
|
703
+13%
|
680
-3%
|
674
-1%
|
711
+6%
|
718
+1%
|
754
+5%
|
764
+1%
|
784
+3%
|
796
+1%
|
810
+2%
|
811
+0%
|
831
+2%
|
863
+4%
|
942
+9%
|
1 015
+8%
|
1 041
+3%
|
1 052
+1%
|
1 081
+3%
|
1 108
+2%
|
1 142
+3%
|
1 134
-1%
|
1 096
-3%
|
1 182
+8%
|
1 183
+0%
|
1 214
+3%
|
1 281
+6%
|
1 292
+1%
|
1 299
+1%
|
1 276
-2%
|
1 631
+28%
|
1 538
-6%
|
1 492
-3%
|
1 435
-4%
|
1 051
-27%
|
1 033
-2%
|
1 095
+6%
|
1 096
+0%
|
|
EPS (Diluted) |
8.18
N/A
|
10.18
+24%
|
11.99
+18%
|
11.25
-6%
|
12.73
+13%
|
12.14
-5%
|
12.38
+2%
|
12.93
+4%
|
13.09
+1%
|
14.19
+8%
|
14.33
+1%
|
14.62
+2%
|
15.12
+3%
|
15.63
+3%
|
15.48
-1%
|
15.99
+3%
|
16.97
+6%
|
18.62
+10%
|
19.97
+7%
|
20.59
+3%
|
21.24
+3%
|
21.72
+2%
|
22.87
+5%
|
22.98
+0%
|
23.3
+1%
|
22.24
-5%
|
24.49
+10%
|
24.08
-2%
|
25.37
+5%
|
26.41
+4%
|
26.78
+1%
|
26.86
+0%
|
26.35
-2%
|
32.95
+25%
|
31.08
-6%
|
30.48
-2%
|
29.28
-4%
|
21.12
-28%
|
20.77
-2%
|
22.01
+6%
|
21.92
0%
|