SCHO Schouw & Co A/S

Interim report for the second quarter of 2024 containing inside information

Interim report for the second quarter of 2024 containing inside information

Interim report for the second quarter of 2024 containing inside information

The company's outlook for 2024

Schouw & Co. will today be releasing its interim report for the second quarter of 2024. The interim report contains inside information, as the guidance for full-year revenue and EBITDA differs from the guidance expressed in the company’s annual report for 2023 released on 1 March 2024.

The Group lowers its guidance for FY 2024 consolidated revenue to the range of DKK 34.2-36.4 billion from previously DKK 34.8-37.3 billion. At the same time, the guidance for FY 2023 consolidated EBITDA is raised to the range of DKK 2,810-3,060 million from previously DKK 2,740-3,040 million.



The upgraded guidance, which was determined at an as yet ongoing board meeting today, is based on the Board of Directors’ and the Executive Management’s assessment of the outlook for the Group’s businesses for the rest of the year.

The company's long-term outlook

In its annual report for 2021, Schouw & Co. announced a long-term ambition to grow consolidated revenue, including from acquisitions, to more than DKK 35 billion with EBITDA of more than DKK 3 billion by the end of 2025. At the beginning of 2023, the acquisitions completed had contributed significantly to achieving this ambition, and the very high rate of inflation on prices of materials had triggered a significant revenue increase. As a result, the revenue ambition in January 2023 was raised to a level of DKK 40 billion, while the EBITDA ambition remained for EBITDA of more than DKK 3 billion by the end of 2025.

However, since the last update of the long-term ambition in January 2023, prices for a wide range of raw materials and other materials have fallen again and, given the current outlook, it is to be expected that the revenue level of the current Group – without further acquisitions – may be lower than DKK 40 billion at the end of 2025. Given the now short time horizon until 2025, it no longer makes sense to apply the long-term ambition, which will therefore be replaced by an ordinary announcement of full-year expectations at the beginning of 2025.

The company’s full interim report for the second quarter of 2024 will be released immediately following this message.

Aktieselskabet Schouw & Co.

Jørgen Dencker Wisborg, Chairman of the Board of Directors

Jens Bjerg Sørensen, CEO, tel.

Attachment



EN
15/08/2024

Underlying

SCHOSchouw & Co A/S

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Schouw & Co A/S

 PRESS RELEASE
Free
SCHO SCHOUW & CO A/S

Delårsrapport for 2. kvartal 2025

Delårsrapport for 2. kvartal 2025 Schouw & Co. har fredag offentliggjort delårsrapport for 2. kvartal 2025; Schouw & Co. leverede overordnet set et 2. kvartal som forventet, og porteføljeselskaberne har iværksat en række stærke tiltag for at modvirke markedsmæssige ændringer. Hovedpunkter 8,5 mia. kr. i omsætning – et fald på 2% 706 mio. kr. EBITDA – en reduktion på 4%542 mio. kr. i pengestrøm fra drift – en forbedring på 61%10,18 kr. i resultat pr. aktie – en reduktion på 3% 12,5% ROIC ekskl. goodwill – et fald i afkastet af den investerede kapital ekskl. goodwill på 1,3 procentpointForv...

21h / 37m 1 EN
 PRESS RELEASE
Free
SCHO SCHOUW & CO A/S

Interim report – second quarter of 2025

Interim report – second quarter of 2025 Friday, Schouw & Co. released its interim report for the second quarter of 2025; Schouw & Co. delivered an overall Q2 2025 performance in line with expectations where the portfolio companies have taken strong measures to mitigate global market changes.  Highlights DKK 8.5bn revenue – a 2% decrease DKK 706m EBITDA – a 4% decreaseDKK 542m cash flow from operations – a 61% improvementDKK 10.18 earnings per share – a 3% decrease 12.5% ROIC excluding goodwill – a 1.3 pp decreaseFull-year revenue and EBITDA guidance narrowed within previous range. Statem...

21h / 37m 1 EN
 PRESS RELEASE
Free
SCHO SCHOUW & CO A/S

Omlægning af incitamentsprogram

Omlægning af incitamentsprogram Schouw & Co. har siden 2003 opereret med langsigtede incitamentsprogrammer for ledende medarbejdere på tværs af koncernen, baseret på tildeling af aktieoptioner. I 2024 blev det langsigtede incitamentsprogram omlagt, så incitamentsprogrammerne for ledende medarbejdere i koncernens porteføljevirksomheder knyttes til resultaterne i den enkelte virksomhed. Disse programmer er for nærværende ikke aktiebaserede. For ledende medarbejdere i koncernens moderselskab har bestyrelsen besluttet, at det langsigtede incitamentsprogram fortsat skal være aktiebaseret, men p...

August 11, 2025 1 EN
 PRESS RELEASE
Free
SCHO SCHOUW & CO A/S

Restructuring of incentive programme

Restructuring of incentive programme Since 2003, Schouw & Co. has operated long-term incentive programmes for senior managers across the Group, based on the granting of share options. In 2024, the long-term incentive programme was restructured to the effect that the incentive programmes for senior managers in the Group’s portfolio companies were closely linked to the performance of the individual company. These programmes are currently not share-based. For senior managers of the Group’s parent company, the Board of Directors has decided that, while the long-term incentive programme will re...

August 11, 2025 1 EN
 PRESS RELEASE
Free
SCHO SCHOUW & CO A/S

Schouw & Co. share buy-back programme, week 32 2025

Schouw & Co. share buy-back programme, week 32 2025 On 5 May 2025, Schouw & Co. initiated a share buy-back programme as outlined in Company Announcement no. 20 of 2 May 2025. Under the programme, Schouw & Co. will acquire shares for up to DKK 120 million during the period 5 May to 31 December 2025. The buy-back will be structured in accordance with Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016 (“Safe Harbour” rules). Trading dayNo. of sharesAverag...

August 11, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch