Solid profitability and adaptation to volatile environment

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

INTERIM REPORT
Solid profitability and adaptation to volatile markets

Overall, Q3 was a good quarter for Schouw & Co., and the Group reports solid profitability and cash flow generation. A drop in volume sales combined with lower prices have led to a consolidated revenue and EBITDA that is down on the year before.  

Highlights from the interim report for Q3 include:  

• 9.5 DKKbn revenue – a 9% reduction 

• 834 DKKm EBITDA – an 8% decrease 

• 1.2 DKKbn cash flows from operations – a DKK 0.3 billion reduction  

• 14.6 DKK earnings per share – a 14% decrease 

• 13.3% ROIC excluding goodwill – a 0.9 pp increase 

Changes to the global economy and major geopolitical tensions are still causing uncertainty, postponing growth expectations for industrial production in general, and as a result hereof, Schouw & Co. has adjusted full-year revenue guidance downwards, while EBITDA guidance is narrowed towards the lower end of the range. Overall, Schouw & Co. now projects full-year 2024 consolidated revenue in the range of DKK 34.1-35.7 billion against the previous range of DKK 34.2-36.4 billion. Moreover, the guidance for EBITDA is adjusted and is now expected to be in the range of DKK 2,810-2,980 million, a narrowing towards the lower end of the previous range of DKK 2,810-3,060 million. 

Read more about the results here.

SUSTAINABILITY
Towards 100% renewable electricity

Schouw & Co. has entered a long-term Power Purchase Agreement with Encavis AG for the European business operations of Schouw & Co.

This provides Schouw & Co. with renewable electricity from Encavis AG’s 55 MW solar park located in Andalusia, Spain. Under the PPA, Schouw & Co. will receive approximately 88 GWh of electricity per year. This corresponds to more than 40% of the electricity consumed bu our businesses’ European operations - or the equivalent of the annual electricity consumption of around 20,000 Danish households.

The Power Purchase Agreement is expected to start in H1 2025. Read more about the PPA here.

NEWS
Other news from Schouw & Co.  

• Interested in a deep dive into the history of Schouw & Co.? We have highlighted Victor Schouw, who is the man behind the name, our headquarters with a unique history and how we have been a part of transforming businesses for 146 years

• Fun facts about our portfolio businesses, allowing for a look into their world

• At Schouw & Co., we believe that results are created by people, but what does this really mean?

Want to stay up-to-date on Schouw & Co. news? Follow us on LinkedIn to stay in the loop.