Schouw & Co. realises a good Q2 2018, but lowers full-year EBITDA guidance

World News: . []

In the Group’s interim report for the first quarter of 2018 released on 3 May 2018, Schouw & Co. stated a full-year EBITDA guidance in the DKK 1,665-1,805 million range. The first guidance was supported by the fact that the second quarter progressed as expected with a growth in revenue of 10% and a growth in EBITDA of 12%.

Meanwhile, our analysis of the expectations for the second half year has revealed two isolated issues:

Apart from the isolated challenges that BioMar in Norway and Fibertex Personal Care in Malaysia are experiencing, and which will reduce the full-year EBITDA guidance with about DKK 60 million and DKK 40 million, respectively, the Group maintains its overall guidance.

Hence, Schouw & Co. now expects full-year EBITDA for 2018 in the DKK 1,580-1,700 million range. In comparison, 2017 full-year EBITDA amounted to DKK 1,568 million.

According to plan, Schouw & Co. will release its interim report for the second quarter of 2018 on 17 August 2018.

Aktieselskabet Schouw & Co.

Jørn Ankær Thomsen, ChairmanJens Bjerg Sørensen, President

Questions relating to the above should be directed to Jens Bjerg Sørensen, President, on telephone number +45 8611 2222.

More news and information about Aktieselskabet Schouw & Co.

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Globe Newswire: 07:27 GMT Friday 10th August 2018

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