Summary
Schouw & Co. doubled its consolidated turnover to DKK 7,370 million in 2006
with all Group businesses reporting improvements.
The consolidated profit for the year before tax was DKK 1,423 million against
DKK 530 million in 2005, marking an exceptional performance and the best
results in company history.
Realised capital gains from the sale of Vestas shares and positive value
adjustments on the remaining holding of Vestas shares contributed DKK 692
million to the profit for the year. The divestment of the packaging businesses
produced an accounting gain of DKK 283 million.
Profit for the year before tax and effects of the value adjustments on the
holding of shares in Vestas was DKK 731 million, which was DKK 71 million
higher than the most recent guidance.
BioMar recorded a DKK 109 million improvement in profit before tax after an
exceptional year.
Substantial improvement by Martin produced a DKK 19 million profit before tax,
the first profit in four years.
Grene reported a highly satisfactory performance.
Disappointing performance by Fibertex after a challenging year.
After selling 2,108,720 Vestas shares in 2006, Schouw & Co. holds 4,800,000
shares, equal to a 2.59% ownership interest.
The Board proposes to increase the dividend to DKK 6 per share of DKK 10
nominal value from DKK 3 per share in 2005.
Overall, Schouw & Co. projects consolidated full-year 2007 revenue of
approximately DKK 8 billion and a profit before tax of DKK 330 million
excluding the effects from the holding of Vestas shares and the contribution to
profit from Sjøtroll. The projected profit before tax equals a 10% improvement
over 2006 on a same-activity basis.
