Aktieselskabet Schouw & Co.
Quarterly report

Interim report – First quarter of 2013

Highlights

-- The Q1 performance was in line with expectations, with revenue of DKK 2,578
million (2012: DKK 2,695 million) and EBIT of DKK 57 million (2012: DKK 137
million).
-- BioMar reported lower EBIT due to a fall in volumes sold in a contracting
overall market.
-- Fibertex Personal Care has had a good start to the year, supported by the
increased capacity in Malaysia.
-- The other businesses experienced negative impacts from challenging market
conditions and cold weather conditions in Europe.
-- Profit from discontinued operations (Martin Professional) of DKK 270
million after tax.
-- The profit for the period after tax was DKK 368 million (2012: DKK 78
million).
-- We maintain our full-year guidance for 2013. Accordingly, Schouw & Co.
expects to generate full-year 2013 revenue of about DKK 13.5 billion and
EBIT in the DKK 680–770 million range.

Jens Bjerg...