Q3: Preparing for the future

November 12, 2025

The Schouw & Co. newsletter: the latest financial updates, sustainability matters and insights.

INTERIM REPORT
Q3: Preparing for the future

In the third quarter of 2025, Schouw & Co. has used the shifting uncertainties to prepare for a future characterised by volatility and challenges to global trade. The consolidated profit was in line with expectations and cash flow generation is attractive.

Overall, Schouw & Co. delivered strong third quarter 2025 performance in an environment characterised by shifting uncertainties. Activity levels in hydraulics and nonwovens exceeded expectations, which offset the reduced demand for fish feed in Norway, while intensified competition on automotive spare parts posed market challenges.

Quarterly figures

  • DKK 9.2 billion revenue – a 4% decrease

  • DKK 878 million EBITDA – a 5% improvement

  • DKK 894 million cash flows from operations – a 23% decrease

  • DKK 15.53 earnings per share – a 6% improvement

  • 12.8% ROIC excluding goodwill – a 0.4 pp decrease

Read more about the results of the interim report here.

Dansk version af nyheden om delårsrapporten for 3. kvartal af 2025 findes her.

SUSTAINABILITY
Borg Automotive wins the German Sustainability Award

Borg Automotive Reman has won the German Sustainability Award 2025, where a jury of experts selected the company as the winner in the “Vehicle Trade and Workshops” category.

Borg Automotive Reman extends the life of spare parts by giving them a second chance. Returned spare parts are remanufactured so that the valuable components and materials can be reused instead of discarded. This reduces the need for raw materials, lowers energy consumption, and on average cuts CO₂e emissions by 60% compared with new production. The award highlighted Borg Automotive’s circular business model and recognised their long-standing work to extend the life of automotive parts while reducing the need for raw materials and lowering emissions compared to new production.

The German Sustainability Award is Europe’s leading award for ecological and social engagement and, according to the organiser, is one of the three most credible competitions of its kind. Read more here.

BIOMAR
BioMar expands its board with two strong profiles ahead of potential IPO

Marianne Rørslev Bock and Kristian Johnsen Hundebøll join the board of BioMar, which is owned by the industrial conglomerate Schouw & Co. They bring extensive international experience and strong leadership skills, thereby strengthening the Board of Directors ahead of a potential IPO.

BioMar is the world’s third-largest producer of high-quality feed for farmed fish and shrimp, as well as specialised products that support a sustainable and efficient aquaculture industry, driven by increasing demand for healthy protein sources for a growing global population. The two new board members will help ensure continued profitable growth at BioMar, which has delivered an average annual growth of over 10% in both revenue and earnings since Schouw & Co. took over the company in 2005.

CEO of Schouw & Co. and chair of the board at BioMar, Jens Bjerg Sørensen, states “We are pleased to have attracted two such strong and competent profiles in Marianne Rørslev Bock and Kristian Johnsen Hundebøll to BioMar’s board. They both bring relevant skills that will strengthen BioMar’s board ahead of a potential IPO, while also supporting BioMar’s continued growth as a leading aquaculture specialist in a growing market driven by megatrends.”

Read more here.

NEWS
Other news from Schouw & Co.

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