Brief: Schouw & Co Q2 EBITDA Up At DKK 419 Mln

Schouw & Co.

15/08/2019 11:42

Aug 15 (Reuters) - Schouw & Co A/S  SCHO.CO :
    * REG-INTERIM REPORT – SECOND QUARTER OF 2019
    * Q2 REVENUE UP BY 10% TO DKK 4,969 MILLION, DRIVEN BY
ACQUISITIONS AND ORGANIC GROWTH
    * FULL-YEAR REVENUE GUIDANCE IS RAISED
    * OUR Q2 2019 PERFORMANCE WAS LARGELY IN LINE WITH
EXPECTATIONS
    * Q2 EBITDA DKK 419 MILLION VERSUS DKK 399 MILLION YEAR AGO
    * UPGRADES FULL-YEAR 2019 REVENUE GUIDANCE BY APPROXIMATELY
DKK
500 MILLION
    * THE GUIDANCE COULD BE AFFECTED BY THE POLITICAL TENSIONS
ON
INTERNATIONAL TRADE AND BRITAIN’S EXIT FROM THE EU
    * GROUP GUIDES FOR CONSOLIDATED 2019 EBIT IN THE RANGE OF
DKK
1,040-1,190 MILLION
    * CONSOLIDATED EBITDA, WHICH FOR 2019 IS EXPECTED TO BE IN
RANGE
OF DKK 1,835-1,985 MILLION COMPARED WITH PREVIOUS RANGE OF DKK
1,815-1,975 MILLION
    * NET FINANCIAL EXPENSES ARE STILL EXPECTED TO AMOUNT TO
ABOUT DKK
90 MILLION IN 2019, OF WHICH ABOUT DKK 25 MILLION RELATES TO
IFRS 16 EFFECTS
    * OVERALL, THE SCHOUW & CO. GROUP RAISES ITS GUIDANCE FOR
FULL-YEAR 2019 CONSOLIDATED REVENUE TO ABOUT DKK 20.5 BILLION
AGAINST PREVIOUSLY ABOUT DKK 20.0 BILLION

Source text for Eikon:  ID:nGNE3yvg10 
Further company coverage:  SCHO.CO 

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