Thursday, Schouw & Co. released its interim report for the first half of 2016. Consolidated revenue was up by 4% and EBIT improved by 23%. Full-year EBIT guidance raised by DKK 35 million.
Highlights
Statement by Jens Bjerg Sørensen, President of Schouw & Co.
“Schouw & Co. maintains the solid momentum we’ve had for the past several quarters. The operating profit of DKK 215 million in the second quarter and of DKK 372 million in the first half year are the best in Group history. The future looks bright, and I’m very pleased that we are able to raise our full-year guidance.
Our good results are partly driven by our recent acquisitions of the hydraulics business Specma and the EMS company GPV, both of which have now been fully consolidated. Another very important factor has been the highly efficient operations of our portfolio companies and their constant focus on making every penny count when you produce in such large volumes as we do.
We make substantial investments in our portfolio companies, in capacity, innovation and new activities, and we are very well positioned to generate profitable growth in the future.”
Read the whole report here.
Conference call (in Danish) in relation to the interim report
Aktieselskabet Schouw & Co.
Jørn Ankær Thomsen, Chairman
Jens Bjerg Sørensen, President
Questions relating to the above should be directed to Jens Bjerg Sørensen, President, on tel. +45 8611 2222.