Brief: Schouw & Co Q3 EBITDA Rises To DKK 621 Mln

Schouw & Co.

07/11/2019 10:34

Nov 7 (Reuters) - Schouw & Co A/S  SCHO.CO :
    * REG-INTERIM REPORT – THIRD QUARTER OF 2019
    * Q3 REVENUE DKK 5.87 BILLION VERSUS DKK 5.03 BILLION YEAR
AGO
    * Q3 EBITDA DKK 621 MILLION VERSUS DKK 445 MILLION YEAR AGO
    * UPGRADES FULL-YEAR 2019 REVENUE GUIDANCE BY APPROXIMATELY
DKK
200 MILLION
    * FY 2019 EBITDA GUIDANCE NARROWED TO MIDDLE OF PREVIOUS
RANGE
    * FULL-YEAR EBITDA GUIDANCE IS NARROWED TO A RANGE OF DKK
1,865-1,955 MILLION.
    * WE SAW HEALTHY DEMAND IN Q3, BOTH GENERALLY AND AT
PORTFOLIO
COMPANY LEVEL
    * WE HAVE ONLY LIMITED INVESTMENT NEEDS AND ARE APPROACHING
A
PERIOD IN WHICH WE WILL GENERATE STRONG CASH FLOWS
    * COMBINATION OF A HEALTHY SALES, REASONABLE MARGINS, GOOD
COST
MANAGEMENT AND POSITIVE DEVELOPMENTS FOR RAW MATERIALS DROVE US
TO PRODUCE SOLID OPERATING PROFIT AND A HISTORICALLY GOOD Q3

Source text for Eikon:  ID:nGNEbM0ql3 
Further company coverage:  SCHO.CO 

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