Royal Unibrew Management

Management criteria checks 3/4

Royal Unibrew's CEO is Lars Jensen, appointed in Nov 2011, has a tenure of 12.42 years. total yearly compensation is DKK21.15M, comprised of 40.6% salary and 59.4% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth €6.01M. The average tenure of the management team and the board of directors is 4 years and 5 years respectively.

Key information

Lars Jensen

Chief executive officer

kr.21.2m

Total compensation

CEO salary percentage	40.6%
CEO tenure	12.4yrs
CEO ownership	0.2%
Management average tenure	4yrs
Board average tenure	5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Lars Jensen's remuneration changed compared to Royal Unibrew's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	kr.1b
Dec 31 2023	kr.21m	kr.9m	kr.1b
Sep 30 2023	n/a	n/a	kr.674m
Jun 30 2023	n/a	n/a	kr.691m
Mar 31 2023	n/a	n/a	kr.1b
Dec 31 2022	kr.15m	kr.8m	kr.1b
Sep 30 2022	n/a	n/a	kr.2b
Jun 30 2022	n/a	n/a	kr.2b
Mar 31 2022	n/a	n/a	kr.1b
Dec 31 2021	kr.17m	kr.8m	kr.1b
Sep 30 2021	n/a	n/a	kr.1b
Jun 30 2021	n/a	n/a	kr.1b
Mar 31 2021	n/a	n/a	kr.1b
Dec 31 2020	kr.9m	kr.6m	kr.1b
Sep 30 2020	n/a	n/a	kr.1b
Jun 30 2020	n/a	n/a	kr.1b
Mar 31 2020	n/a	n/a	kr.1b
Dec 31 2019	kr.7m	kr.4m	kr.1b
Sep 30 2019	n/a	n/a	kr.1b
Jun 30 2019	n/a	n/a	kr.1b
Mar 31 2019	n/a	n/a	kr.1b
Dec 31 2018	kr.9m	kr.4m	kr.1b
Sep 30 2018	n/a	n/a	kr.1b
Jun 30 2018	n/a	n/a	kr.942m
Mar 31 2018	n/a	n/a	kr.862m
Dec 31 2017	kr.13m	n/a	kr.831m

Compensation vs Market: Lars's total compensation ($USD3.04M) is about average for companies of similar size in the German market ($USD2.47M).

Compensation vs Earnings: Lars's compensation has increased by more than 20% in the past year.

CEO

Lars Jensen (50 yo)

12.4yrs

Tenure

kr.21,153,000

Compensation

Mr. Lars Jensen served as Independent Director at Matas A/S since June 24, 2022 until June 29, 2023. He serves as Chief Executive Officer and Member of Executive Board at Royal Unibrew A/S since September...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lars Jensen	CEO, President & Member of Executive Board	12.4yrs	kr.21.15m	0.17% DKK 6.0m
Claus Kaersgaard	Sales Manager Off-Trade & Employee Elected Director	3.3yrs	kr.403.00k	0.00036% DKK 12.8k
Lars Vestergaard	CFO & Member of Executive Board	4yrs	kr.16.14m	0.011% DKK 406.3k
Jonas Hansen	Head of Investor Relations	no data	no data	no data

4.0yrs

Average Tenure

50yo

Average Age

Experienced Management: 0R1's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Claus Kaersgaard	Sales Manager Off-Trade & Employee Elected Director	6yrs	kr.403.00k	0.00036% DKK 12.8k
Peter Ruzicka	Independent Chairman of the Board	3yrs	kr.1.55m	0.0066% DKK 234.0k
Torben Carlsen	Independent Director	3yrs	kr.403.00k	0.0066% DKK 234.0k
Christian Sagild	Independent Director	6yrs	kr.605.00k	0.012% DKK 425.8k
Catharina Von Stackelberg-Hammarén	Independent Director	5yrs	kr.401.00k	0.00090% DKK 32.0k
Jais Valeur	Independent Deputy Chairman	11yrs	kr.839.00k	0.0028% DKK 98.0k
Heidi Kleinbach-Sauter	Independent Director	5yrs	kr.423.00k	no data
Michael Nielsen	Employee Elected Director	2yrs	kr.403.00k	0.000040% DKK 1.4k
Kenn Hvarre	Director	less than a year	no data	no data

5.0yrs

Average Tenure

58yo

Average Age

Experienced Board: 0R1's board of directors are considered experienced (5 years average tenure).

Royal Unibrew Management

Management criteria checks 3/4

Key information

Recent management updates

Key Executive recently bought €201k worth of stock

Royal Unibrew A/S Announces Board Changes

CFO & Member of Executive Board recently bought €108k worth of stock

Independent Director recently bought €66k worth of stock

High number of new directors

Royal Unibrew A/S Appoints Peter Ruzicka as New Chairman

Recent updates

Investor sentiment improves as stock rises 21%

First quarter 2024 earnings released: EPS: kr.2.00 (vs kr.2.00 in 1Q 2023)

Royal Unibrew A/S Omits to Propose Ordinary Dividend for the Year 2023

Royal Unibrew A/S(CPSE:RBREW) dropped from FTSE All-World Index (USD)

Key Executive recently bought €201k worth of stock

Full year 2023 earnings released: EPS: kr.21.90 (vs kr.23.16 in FY 2022)

Royal Unibrew A/S Announces Board Changes

Third quarter 2023 earnings released

Royal Unibrew A/S to Report First Half, 2024 Results on Aug 22, 2024

Royal Unibrew A/S Revises Financial Guidance for the Full Year 2023

Second quarter 2023 earnings released

Royal Unibrew A/S Updates Earnings Outlook for the Full-Year 2023

Royal Unibrew A/S (CPSE:RBREW) agreed to acquire 100% stake in Vrumona BV from Heineken Nederlands Beheer B.V. for €300 million.

CFO & Member of Executive Board recently bought €108k worth of stock

First quarter 2023 earnings released

Upcoming dividend of kr.14.50 per share at 2.3% yield

Independent Director recently bought €66k worth of stock

Full year 2022 earnings released: EPS: kr.23.10 (vs kr.26.87 in FY 2021)

Royal Unibrew A/S (CPSE:RBREW) agreed to acquire Nørrebro Bryghus A/S.

Royal Unibrew A/S to Report Q2, 2023 Results on Aug 22, 2023

Investor sentiment deteriorated over the past week

Third quarter 2022 earnings released

Royal Unibrew A/S Revises Earnings Guidance for Full-Year 2022

Royal Unibrew A/S (CPSE:RBREW) completed the acquisition of Amsterdam Brewery Co. Ltd.

Second quarter 2022 earnings released: EPS: kr.15.60 (vs kr.8.60 in 2Q 2021)

Royal Unibrew A/S Provides Earnings Guidance for Full-Year 2022

Royal Unibrew A/S (CPSE:RBREW) entered into an agreement to acquire Amsterdam Brewery Co. Ltd. for an enterprise value of CAD 44 million.

Royal Unibrew A/S (CPSE:RBREW) acquired remaining stake in Nohrlund ApS.

High number of new directors

Royal Unibrew A/S (CPSE:RBREW) completed the acquisition of remaining 75% stake in Hansa Borg Bryggerier AS from Nye Borg Bryggerier Holding As

First quarter 2022 earnings released: EPS: kr.3.20 (vs kr.3.70 in 1Q 2021)

Upcoming dividend of kr.14.50 per share

Royal Unibrew A/S Proposes Dividend for 2021

Investor sentiment deteriorated over the past week

Royal Unibrew A/S Appoints Peter Ruzicka as New Chairman

Full year 2021 earnings: Revenues exceed analyst expectations

Royal Unibrew A/S (CPSE:RBREW) agreed to acquire remaining 75% stake in Hansa Borg Bryggerier AS for an enterprise value of NOK 2.5 billion.

Third quarter 2021 earnings released

Royal Unibrew A/S (CPSE:RBREW) agreed to acquire Tanker.

Royal Unibrew A/S Revises Earnings Guidance for the Full Year 2021

Second quarter 2021 earnings released: EPS kr.8.60 (vs kr.7.10 in 2Q 2020)

Royal Unibrew A/S (CPSE:RBREW) signed an agreement to acquire Solera AS from CapMan Buyout IX, L.P. managed by CapMan Oyj (HLSE:CAPMAN) and others for an enterprise value of approximately DKK 770 million.

Royal Unibrew A/S (CPSE:RBREW) entered into an agreement to acquire Bryggeriet S. C. Fuglsang A/S and Mineralvandsfabrikken Frem A/S from Fuglsang family.

First quarter 2021 earnings released: EPS kr.3.70 (vs kr.3.00 in 1Q 2020)

Royal Unibrew A/S Approves Dividend for the Year 2020

Upcoming dividend of kr.13.50 per share

Full year 2020 earnings released: EPS kr.24.09 (vs kr.23.02 in FY 2019)

Revenue beats expectations

Royal Unibrew A/S Announces Resignation of Walther Thygesen from Chairman of the Board of Directors

New 90-day low: €80.20

New 90-day high: €94.34

Revenue beats expectations

Royal Unibrew A/S Announces Earnings Guidance for the Year 2020

New 90-day low: €82.76

Royal Unibrew A/S Announces Changes to CEO, Effective 1 September 2020

New 90-day high - €89.00

First half earnings released

New 90-day high - €85.14

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age