Aktieselskabet Schouw & Co.
Interim report – first quarter of 2015

DGAP-News: Aktieselskabet Schouw & Co.

2015-05-07 / 11:04

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Thursday Schouw & Co. released its interim report for the first quarter of
2015. Revenue increased by 16% and EBIT improved by 54%. Outlook for full-year
revenue and EBIT raised. 

Highlights

  -- The first quarter of 2015 marked the best start to the year ever for the
     Schouw & Co. Group.
  -- All portfolio companies reported revenue and earnings improvements, but
     with performances being strongly driven by favourable currency effects and
     changes in prices of raw materials.
  -- Consolidated revenue was up by 16% to DKK 2,784 million.
  -- EBIT improved by 54% to DKK 152 million. 
  -- Higher prices of raw materials and currency appreciation have made BioMar
     raise its full-year revenue guidance.
  -- Both BioMar and Fibertex Nonwovens raise their full-year EBIT guidance
     following a good start to the year.
  -- As a result, Schouw & Co. raises its guidance for the full-year 2015
     consolidated revenue to about DKK 12.5 billion against the previous
     forecast of approximately DKK 12 billion. The company raises its full-year
     EBIT forecast to the range of DKK 630-720 million from the previous
     forecast of DKK 610-700 million.

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

'We've had an exceptionally good start to the year, supported by a combination
of external factors and ongoing internal improvements. We've seen a substantial
non-recurring impact in Fibertex Personal Care from lower prices of raw
materials, but the extra earnings could well be eliminated later in the year.
In addition, higher foreign exchange rates have boosted earnings in our large
units in Chile and Malaysia. 

The good start to the year has made us raise our full-year 2015 guidance a
notch. We expect our principal global markets to remain very competitive. Our
focus continues to be on streamlining the operations of our portfolio companies
and to constantly exploring opportunities for growth and expansion.' 

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

  -- Thursday 7 May 2015 at 15:30 CEST
  -- Phone +45 32 71 47 68, pin 8950 0207#  

Questions relating to the above

  -- President Jens Bjerg Sørensen 
  -- Phone +45 86 11 22 22 or email schouw@schouw.dk
News Source: NASDAQ OMX



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Language:    English                      
Company:     Aktieselskabet Schouw & Co.  
 
 
             Denmark                      
ISIN:        DK0010253921                 
 
 
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