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Interim report – first quarter of 2020

Written by Customer Service on . Posted in Public Companies.

Thursday, Schouw & Co. released its interim report for the first quarter of 2020. Best-ever first-quarter performance by the Schouw & Co. Group with year-on-year revenue and EBITDA improvements.
HighlightsBest-ever Q1 performance with both revenue and EBITDA improvingDiversified operations have a mitigating effect on coronavirus implicationsAll businesses aligning activities and costs to the current situationCapital resources strengthened by DKK 1bn, ensuring substantial latitudeFull-year financial guidance remains suspendedStatement by Jens Bjerg Sørensen, President of Schouw & Co.“The near future is indeed a time of uncertainty considering the global coronavirus pandemic, but if we look back on the first quarter of 2020 we see a distinct, positive effect of our strategic efforts and recent years’ substantial investments. I am therefore very pleased that we are presenting our best-ever first quarter performance with improvements in both revenue and earnings.Our full-year financial guidance remains suspended, but our diversified portfolio of leading businesses, the Group’s strong financial resources and the many measures our portfolio businesses have taken to adapt to current conditions mean that Schouw & Co. is well-positioned and ready to conduct business in these unprecedented times.”Conference call (in English) in relation to the interim reportThursday, 7 May 2020 at 14:00 CESTPhone number for participants (no pin required): DK: +4582333194, UK: +443333009263, US: +18338230590Aktieselskabet Schouw & Co.Jørn Ankær Thomsen, Chairman
Jens Bjerg Sørensen, President, tel. +45 8611 2222Attachment2020-05-07 Schouw 2020 Q1 ENG

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