Brief: Schouw & Co Announces 2022 Outlook, Updates 2021 Outlook

Schouw & Co.

04/02/2022 12:30

Feb 4 (Reuters) - Schouw & Co A/S  SCHO.CO :
    * 2021 BETTER THAN EXPECTED AND ANNOUNCING OUTLOOK FOR 2022
    * BASED ON PRELIMINARY AND UNAUDITED INCOME STATEMENTS FROM
GROUP'S COMPANIES, SCHOUW & CO. IS RAISING EXPECTATIONS FOR
GROUP'S REVENUE AND EBITDA FOR 2021.
    * EXPECTS 2021 EBITDA OF DKK 2,207 MILLION COMPARED WITH
PREVIOUSLY EXPECTED RESULT IN RANGE OF DKK 2,095-2,205 MILLION
    * REVENUE IN 2021 IS THUS EXPECTED TO AMOUNT TO DKK 24.2
BILLION
COMPARED WITH ABOUT DKK 23.7 BILLION PREVIOUSLY EXPECTED
    * EXPECTS TO REALISE A TURNOVER IN 2022 OF DKK 25.5-27.5
BILLION
WITH AN EBITDA IN RANGE OF DKK 2,150-2,400 MILLION
    * EXPECTS TO RETAIN A HIGH LEVEL OF ACTIVITY, AND ON THAT
BASIS
GROUP EXPECTS TO REALISE A TURNOVER IN 2022 OF DKK 25.5-27.5
BILLION WITH AN EBITDA IN RANGE OF DKK 2,150-2,400 MILLION
    * ALWAYS, GROUP'S REVENUE CAN BE SIGNIFICANTLY AFFECTED BY
CHANGES
IN RAW MATERIALS PRICES AND EXCHANGE RATES WITHOUT NECESSARILY
ANY MAJOR EFFECT ON EARNINGS

Source text for Eikon:  ID:nGNE9x5Fzy 
Further company coverage:  SCHO.CO 

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