Interim report – first quarter of 2019

Monday, Schouw & Co. released its interim report for the first quarter of 2019. Consolidated revenue was up by 21% and full-year guidance maintained.

Highlights

• Off to a strong start to the year – especially BioMar, Fibertex Personal Care and HydraSpecma
• Revenue up by 21% to DKK 4,676 million, driven by acquisitions and organic growth
• EBITDA up by 28% to DKK 401 million (by 12% when excluding the effects of IFRS 16)
• Acquisitions in South Carolina (Fibertex Nonwovens) and Chile (BioMar)
• Schouw & Co. maintains its full-year revenue and EBITDA guidance

Statement by Jens Bjerg Sørensen, President of Schouw & Co.

“Generating revenue of more than DKK 4.5 billion and EBITDA of more than DKK 400 million, Schouw & Co. is off to the best start to the year ever in Q1 2019. Our growth and strong financial results were driven both by the effects of acquisitions and investments and by our portfolio companies focusing more on optimising their operations and successfully taking advantage of opportunities and pursuing profitable organic growth.

Most of our businesses continue to operate in highly competitive markets, but through focused margin management efforts, adjusting their cost base and strategic future-proofing, our businesses have built strong positions in their respective markets. We’re off to a good start to 2019 and maintain our full-year revenue and earnings guidance.”

Conference call (in English) in relation to the interim report

• Thursday, 9 May 2019 at 15:30 CEST
• Phone number for participants (no pin required): DK: +4535445583, US: +18552692604, UK: +442031940544, SE: +46856642661

Aktieselskabet Schouw & Co.

Jørn Ankær Thomsen, Chairman
Jens Bjerg Sørensen, President, tel. +45 8611 2222

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