Brief: Schouw & Co Sees EBITDA For May Reduced By DKK 80 Mln Due To Suspension Of Sales To Russia

Schouw & Co.

20/04/2022 13:09

April 20 (Reuters) - Schouw & Co A/S  SCHO.CO :
    * REG-MORE DETAILS ON THE DIRECT EFFECTS OF THE SITUATION
INVOLVING RUSSIA AND UKRAINE
    * SCHOUW & CO. ESTIMATES THAT CONSOLIDATED EBITDA FOR 2022
MAY BE
REDUCED BY UP TO DKK 80 MILLION DUE TO SUSPENSION OF SALES TO
RUSSIA
    * IN ADDITION, ASSETS WORTH UP TO DKK 100 MILLION IN RUSSIA
MAY BE
SUBJECT TO IMPAIRMENT
    * POTENTIAL LOSS OF SALES MAY REDUCE FULL-YEAR EBITDA BY UP
TO DKK
80 MILLION
    * LOSS OF SALES WOULD PRIMARILY AFFECT BIOMAR AND, TO A
LESSER
EXTENT, FIBERTEX PERSONAL CARE AND BORG AUTOMOTIVE
    * PROBABILITY OF TRADING WITH RUSSIA BEING RESUMED WITHIN
NEAR
FUTURE WOULD APPEAR UNLIKELY AT PRESENT TIME
    * GROUP HAS ASSETS OF APPROXIMATELY DKK 100 MILLION WITH
EXPOSURE
TO RUSSIA, MAINLY RELATING TO BIOMAR

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

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