Annual Report 2007: Highlights
* Schouw & Co. lifted its consolidated turnover by 10.6% to DKK 8,150 million
from DKK 7,370 million in 2006. Grene, Martin, Fibertex and BioMar all reported
doubledigit growth rates.
* The consolidated profit for the year before tax was DKK 1,766 million, the
highest in company history, against DKK 1,348 million in 2006.
* Positive value adjustment on the holding of Vestas shares of DKK 1,467
million.
* Profit for the year before tax and effects of the Vestas shares was DKK 299
million, which was in line with the most recent guidance. However, the
performance does not reflect the aggregate earnings potential of our portfolio
companies.
* Highly satisfactory developments in Martin produced strong improvement in
profit before tax to DKK 81 million.
* Grene's profit before tax up by 11.5% to DKK 127 million, driven especially
by Hydra-Grene.
* Unsatisfactory performance by Fibertex after a difficult year with many
challenges.
* BioMar's profit before tax fell to DKK 128 million.
* BioMar has acquired fish feed operations with annual revenue of DKK 1.2
billion from Provimi.
* The Board of Directors recommends that Schouw & Co. issues bonus shares at a
ratio of one new share for every share held.
* Schouw & Co. projects consolidated fullyear 2008 revenue of approximately DKK
10 billion and a profit before tax of about DKK 400 million exclusive of the
effects from the holding of Vestas shares.
Schouw & Co. will be reviewing the annual report online and will be hosting a
teleconference (in Danish) for analysts, the media and other interested parties
on
THURSDAY, MARCH 13, AT 14.00
The presentation will be webcast. A link to the presentation is available at
the Schouw & Co. web site, www.schouw.dk, where the presentation will also be
available for subsequent viewing. Those wishing to attend the teleconference
are invited to call tel. +45 3271 4767.
