Aktieselskabet Schouw & Co.: interim report

On Tuesday, Schouw & Co. published its interim report for the third quarter of 2024; As expected, consolidated revenue for the third quarter of 2024 was down compared to the previous year, driven by a drop in sales volume combined with a drop in prices. EBITDA is also down from the very strong Q3 2023. Operating cash flow remains at a high level.

Highlights

• Turnover of DKK 9.5 billion, a reduction of 9%
• EBITDA of DKK 834 million – a decrease of 8%
• Cash flow from operations of DKK 1.2 billion – a reduction of DKK 0.3 billion
• Earnings per share of DKK 14.6, a decrease of 14%
• ROIC of 13.3% excluding goodwill – an increase of 0.9 pp

Statement from Jens Bjerg Sørensen, Chairman of Schouw & Co.

– Overall, the third quarter of 2024 was a good quarter for Schouw & Co. with solid profitability and strong cash flow generation. Our portfolio companies operate in volatile and uncertain environments, characterized by fierce competition and constant pressure on prices and volumes. Despite current market conditions and declining revenues, we are very pleased with our ability to increase gross margin and continually improve the efficiency of our operations.

Schouw & Co.’s business model is focused on generating returns on investments and thus creating value for both our companies and our shareholders. Our businesses are strongly positioned to capitalize on last year’s investments and have good opportunities to continue to generate strong cash flow.

Telephone videoconference (in English) relating to the interim report

• Tuesday November 12, 2024 at 4:00 p.m. CET
• Please attend via this link: www.schouw.dk/en/investors/conference-call

Action company Schouw & Co.

Jørgen Dencker Wisborg, president
Jens Bjerg Sørensen, president, tel. +45 8611 2222