Aktieselskabet Schouw & Co.
Interim report – third quarter of 2014

DGAP-News: Aktieselskabet Schouw & Co.

03.11.2014 / 11:12

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Monday, Schouw & Co. published its interim report for the third quarter of
2014. Operating profit (EBIT) increased by 10% to DKK 270 million despite
decline in revenue of 2% to DKK 3.6 billion. The profit forecast for the full
year is raised. 

Highlights

  -- Overall, Schouw & Co. had a good third quarter of 2014.
  -- Business activity was up, but revenue was down 2% to DKK 3,618 million due
     to lower prices of raw materials.
  -- EBIT improved by 10% to DKK 270 million.
  -- All companies but one reported revenue improvements. 
BioMar saw its revenue drop due to lower raw materials prices. 
  -- All companies reported EBIT improvements. 
  -- The associate company Kramp reported revenue and EBIT improvements. 
  -- BioMar and Fibertex Nonwovens both raising their full-year EBIT guidance. 
  -- Schouw & Co. maintains its forecast of full-year 2014 revenue of DKK
     11.5-12.0 billion and raises the EBIT forecast to the range of DKK 625-675
     million from the previous forecast of DKK 570-665 million.

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

'Despite the relatively moderate activity increase, Schouw & Co. lifted its
EBIT by almost 10% in the third quarter relative to last year. I'm very pleased
that the advances we've made since the beginning of the year continued in the
third quarter. 

Each of our businesses are working to enhance growth and improve their margins,
and our performance shows that these efforts are having both short- and
medium-term effects. For example, they've had the direct effect that we've now
upgraded our earnings guidance twice this year. 

Acquisitive growth is high on our agenda, as witnessed by the two small
acquisitions we've announced after the end of the third quarter. Fibertex
Nonwovens has gained a strategically important point of en-try to the North
American market, and Fibertex Personal Care has invested in printing technology
that enables the company to offer its customers value-adding services that
complement its core product.' 



Schouw & Co. will be reviewing the financial statements in a conference call
(in Danish) for analysts, members of the press and other interested parties on
telephone +45 3271 4768, access code 98512630#, on 

MONDAY, NOVEMBER 3, 2014 AT 15.30 CET

Please direct any questions to this announcement to President Jens Bjerg
Sørensen on tel. +45 8611 2222.
News Source: NASDAQ OMX



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Language:    English                      
Company:     Aktieselskabet Schouw & Co.  
 
 
             Denmark                      
ISIN:        DK0010253921                 
 
 
End of News    DGAP News-Service  
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