Thursday, Schouw & Co. released its interim report for the first half of 2015. Revenue increased by 16% and EBIT improved by 26%. Outlook for full-year EBIT raised for the second time in 2015.
Highlights
Statement by Jens Bjerg Sørensen, President of Schouw & Co.:
“Our good performance continues, and we lifted H1 revenue and earnings by substantial margins. Our investments and acquisitions are producing good results, but our earnings were also lifted by favourable developments in exchange rates and prices of raw materials.
All of our wholly owned portfolio companies are reporting improvements, and we're upgrading our EBIT guidance for the second time this year.
Our partly owned businesses are also performing well and reporting attractive earnings. We are now recognising the full effects of our 20% ownership interest in Kramp, Europe's leading agricultural wholesaler, and our long-standing investment in biogas producer Xergi is showing very promising developments.
At Schouw & Co., we consider potential investment opportunities as and when they arise, and we continue to believe in the importance of strengthening our existing portfolio companies. Schouw & Co. is virtually debt-free, and we have the potential and the ambition to continue to generate profitable growth.”
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Conference call (in Danish) in relation to the interim report
Questions relating to the above
