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Interim report – second quarter of 2020

Written by Customer Service on . Posted in Public Companies.

Friday, Schouw & Co. released its interim report for the second quarter of 2020. Solid Q2 performance with strong EBITDA improvement and revenue at prior-year level despite drop in prices of raw materials and the coronavirus situation.
HighlightsSolid Q2 performance with strong EBITDA improvement
Revenue in line with last yearStrong improvement in cash flows from operationsDiversified operations mitigating the effects of coronavirus implications
EBITDA guidance reinstated at original levelStatement by Jens Bjerg Sørensen, President of Schouw & Co.
“Schouw & Co. had a really good second quarter despite the current global uncertainty. The Group overall and four of our six portfolio companies produced their best ever EBITDA for a second quarter. The strength and risk diversification of the conglomerate has indeed proven its worth.
The managements and the employees of our businesses have been prepared for change and have truly taken responsibility for safeguarding the Group’s earnings capacity. We have created an overview and have adapted to a new day-to-day situation. As a result, we are now in a position to reinstate our EBITDA guidance at the same attractive level as we promised the market at the beginning of the year.”Conference call (in English) in relation to the interim reportFriday, 14 August 2020 at 14:00 CESTPhone number for participants (no pin required): DK: +45 78723252, UK +443333009264, US: +18332498404
Aktieselskabet Schouw & Co.
Jørn Ankær Thomsen, Chairman
Jens Bjerg Sørensen, President, tel. +45 8611 2222
The interim report is released in the category inside information in accordance with the requirements of the Danish FSA because suspension of guidance is lifted, and the earnings guidance is resumed on page 5 of the interim report. There is no other information in the interim report that is considered to constitute inside information.
Attachment2020-08-14 Schouw 2020 Q2 ENG

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