Brief: Schouw & Co Q3 EBITDA Up At DKK 676 Mln

Schouw & Co.

05/11/2020 10:19

Nov 5 (Reuters) - Schouw & Co A/S  SCHO.CO :
    * INTERIM REPORT – THIRD QUARTER OF 2020
    * GUIDANCE RAISED FOR FULL-YEAR REVENUE AND EBITDA
    * Q3 REVENUE DKK 6.06 BILLION VERSUS DKK 5.87 BILLION YEAR
AGO
    * Q3 EBITDA DKK 676 MILLION VERSUS DKK 621 MILLION YEAR AGO
    * GUIDING FOR FULL-YEAR 2020 EBITDA EXCEEDING THE FIGURE WE
WERE
EXPECTING AT THE BEGINNING OF THE YEAR
    * IS NOW RAISING ITS REVENUE GUIDANCE TO ABOUT DKK 21
BILLION AND
ITS FY EBITDA GUIDANCE TO DKK 2,070-2,220 MILLION
    * ASSOCIATES AND JOINT VENTURES NOW EXPECTED TO MAKE A
NEGATIVE
CONTRIBUTION OF DKK 30-40 MILLION IN 2020 INSTEAD OF PREVIOUS
ESTIMATE OF A DKK 10 MILLION SHARE OF PROFIT
    * REDUCED ESTIMATE IS MAINLY ATTRIBUTABLE TO SALMONES
AUSTRAL
    * NET FINANCIAL EXPENSES EXPECTED TO INCREASE BY ABOUT DKK 5
MILLION RELATIVE TO THE PREVIOUS FORECAST

Source text for Eikon:  ID:nGNE4zVtXx 
Further company coverage:  SCHO.CO 

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