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Royal Unibrew profit misses consensus by 19.2% in Q2

4917007 said its normalized net income for the second quarter was 3.29 Danish kroner per share, compared with the S&P Capital IQ consensus estimate of 4.07 kroner per share.

EPS declined 10.8% year over year from 3.68 kroner.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 183.9 million kroner, a decrease of 8.9% from 201.8 million kroner in the prior-year period.

The normalized profit margin dropped to 11.3% from 11.7% in the year-earlier period.

Total revenue declined 5.4% on an annual basis to 1.63 billion kroner from 1.73 billion kroner, and total operating expenses decreased year over year to 1.34 billion kroner from 1.41 billion kroner.

eported net income fell 9.0% from the prior-year period t Royal Unibrew A/S