HIGHLIGHTS
The Schouw & Co. Group got off to a good start to the year in the first quarter of 2011.
Revenue improved by 29% to DKK 2,187 million, driven by improvements in all of our businesses.
EBIT was up by DKK 69 million to a profit of DKK 32 million.
Value adjustment of financial investments had a positive effect of DKK 181 million.
The profit before tax amounted to DKK 184 million.
The acquisition of 85% of the shares in Tharreau Industries has received regulatory approval.
Schouw & Co. maintains its guidance for the full-year 2011 consolidated revenue of around DKK 11 billion and EBIT in the DKK 450-525 million range, excluding the contribution from Tharreau Industries.
Schouw & Co. will be holding a telephone conference (in Danish) for analysts, members of the press a.o. on telephone +45 3271 4767, on
THURSDAY, MAY 5, 2011 AT 15.30
Questions relating to the above should be directed to Jens Bjerg Sørensen, President, on tel. +45 8611 2222.
