HIGHLIGHTS
* Consolidated revenue was up by 18% to DKK 4,339 million.
* Operating profit improved by DKK 9 million to DKK 150 million.
* Profit before tax rose by DKK 37 million to DKK 122 million,
stated net of the effects of the holding of Vestas shares.
* The holding of Vestas shares contributed DKK 371 million to the
profit before tax, against DKK 575 million in H1 2007.
* Proceeds of DKK 270 million from the sale of 401,700 Vestas shares.
The remaining holding had a market value of DKK 2,726 million
at June 30, 2008.
* BioMar's process of integrating activities acquired from Provimi
Aqua progressing to plan and the first stage has now been completed.
* Sluggish demand and more intensified competition, especially in Norway,
has led BioMar to lower its profit forecast substantially.
* Record performance by Grene. Forecasts upgraded.
* Greater uncertainty about Martin's full-year profit.
* Schouw & Co. downgrades its forecast for the full-year 2008 profit before
tax to approximately DKK 325 million from the previous forecast of DKK 400
million, excluding the effects from the holding of Vestas shares.
Schouw & Co. will be reviewing the financial statements for the six months to
June 30, 2008 online and will be hosting a teleconference (in Danish) for
analysts, the media and other interested parties on
Monday, August 18, 2008 at 15.30
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.
