Highlights
* Consolidated revenue was up by 12% to DKK 1,918 million.
* Operating profit fell by DKK 21 million to DKK 21 million.
* Profit before tax rose by DKK 9 million to DKK 26 million,
stated net of the effects of the holding of Vestas shares.
* The market value of the holding of Vestas shares amounts to
DKK 2,476 million after a negative value adjustment of DKK 149
million against a positive value adjustment of DKK 334 million
in the first quarter of 2007.
* The operations BioMar has acquired from Provimi Aqua have been
recognised in the financial statements as from February 1, 2008,
and the integration process is progressing as expected.
* Martin retains good profit forecasts in spite of challenging
foreign exchange conditions.
* Performance by Grene and Fibertex in line with expectations.
* Timing differences having a negative impact on Xergi's financial results.
* Bonus share issue and merger with BioMar Holding completed in
line with proposals after the end of the first quarter.
* Schouw & Co. projects a profit before tax of about DKK 400 million
in 2008, up from DKK 299 million in 2007, stated net of the effects
of the holding of Vestas shares.
Schouw & Co. will be holding a teleconference (in Danish) for analysts, members
of the press a.o. on telephone 45 32 71 47 67, on
Thursday, May 8, 2008 at 15.30
Questions relating to the above should be directed to Jens Bjerg Sørensen,
President, on tel. +45 8611 2222.
