Aktieselskabet Schouw & Co.
Interim report – third quarter of 2013

Aktieselskabet Schouw & Co. 

07.11.2013 11:05
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Highlights

  -- Overall, the results of the third quarter were as expected, but in many
     areas general market conditions have become more challenging than they were
     in 2012.
  -- All businesses of the Group maintain their full-year revenue and profit
     forecasts.
  -- Q3 revenue was DKK 3,703 million (Q3 2012: DKK 3,245 million), EBIT was DKK
     246 million (Q3 2012: DKK 271 million). For the nine months to September
     30, revenue was DKK 8,666 million (9M 2012: DKK 8,283 million) and EBIT was
     DKK 428 million (9M 2012: DKK 545 million).
  -- Including a positive value adjustment of financial investments and profit
     from discontinued operations, Q3 profit after tax amounted to DKK 377
     million (Q3 2012: DKK 254 million). For the nine months to September 30,
     profit after tax was DKK 963 million (9M 2012: DKK 394 million).
  -- The necessary approvals for the combination of Grene and Kramp have been
     obtained after the end of the third quarter. Grene will be recognised under
     discontinued operations for 2013 at an expected profit after tax of about
     DKK 250 million including an accounting gain to be calculated in the fourth
     quarter.
  -- Schouw & Co. maintains its full-year guidance. However, as Grene is no
     longer consolidated, the guidance is for revenue of around DKK 12 billion
     and for EBIT in the range of DKK 605-685 million.



Jens Bjerg Sørensen, President of Schouw & Co., said:

'Overall, our Q3 performance was as expected, and we maintain our full-year
guidance for revenue and earnings. 

Lately, several of our businesses have experienced challenging conditions. For
BioMar, the market in Norway is extremely competitive, and Fibertex Personal
Care is likely facing a period of excess market capacity. Group earnings are,
however, still maintained at an attractive level. 

Our key focus right now is to make sure we use our production capacity even
more efficiently, while at the same time expanding the platform we need to
generate future value creation and growth. We have the financial resources
necessary for taking a long-term approach.' 



Conference call

Schouw & Co. will be reviewing the financial statements in a teleconference (in
Danish) for analysts, members of the press and other interested parties on
telephone +45 32 72 80 18, Thursday, November 7, 2013 at 15.30. Questions
relating to the above should be directed to Jens Bjerg Sørensen, President, on
tel. +45 8611 2222.
News Source: NASDAQ OMX



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Language:     English
Company:      Aktieselskabet Schouw & Co.
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010253921
WKN:          
 
End of Announcement                             DGAP News-Service
 
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