Interim report - third quarter of 2012

11/8/2012 4:59 AM EST

Aktieselskabet Schouw & Co.
Quarterly report

Interim report - third quarter of 2012

HIGHLIGHTS

  -- Revenue was up 3% to DKK 3,844 million.
  -- EBIT was up 25% to DKK 331 million.
  -- Value adjustment of financial investments had a positive effect of DKK 50
     million.
  -- Profit before tax improved to DKK 357 million.
  -- BioMar and Martin both raise their full-year profit guidance.
  -- Full-year EBIT forecast raised to the range of DKK 800-820 million from the
     previous forecast of DKK 720-800 million.

PRESIDENT JENS BJERG SØRENSEN SAYS
“In the third quarter, we succeeded in retaining the very strong earnings
momentum from our operations that we've enjoyed for some time now. Revenue was
up by a modest 3%, but EBIT soared by a full 25%. This is the result of our
constant efforts to optimise the business models of all our portfolio companies
and persistently take a long-term view of efficiency, earnings, product
development and innovation. 

Given the performance of the first nine months of 2012, we are now raising our
guidance for BioMar and Martin and confirming the forecasts for our other
businesses. 

A number of factors indicate that consolidated EBIT for Q4 2012 is expected to
be lower than the very strong performance of Q4 2011, but I'm excited about the
prospects that this year's EBIT looks to become the best in our company's
history." 

CONFERENCE CALL
Schouw & Co. will be reviewing the financial statements in a conference call
(in Danish) for analysts, members of the press and other interested parties on
telephone +45 32 72 80 18, THURSDAY, NOVEMBER 8, 2012 AT 15.30 

Questions relating to the above should be directed to Jens Bjerg Sørensen,
President, on tel. +45 8611 2222.