Nov 12, 2024 / 03:00PM GMT
Jens Bjerg Soerensen - Schouw & Co A/S-President - Chief Executive Officer
Good afternoon, and welcome to our Q3 presentation. Our company had a very satisfactory development under difficult conditions. We saw a lot of volatility and tough competition continues. Our top line was down 9% to DKK9.5 billion. Here, we experienced effect from raw materials and in general activity level. Our industrial businesses saw a softer demand in the quarter.
Our EBITDA was down 8% to DKK834 million. And again, we experienced continued good development in BioMar, satisfying also that we could keep our margins at good levels despite of tough competition and softer demand. Our cost base has, however been under pressure from inflation in the quarter.
We continue our strong focus on delivering results in 2024, it's a year of consolidation, our investments level lower than in previous years. We are running profit protection plans in all our companies among other things, reduction of our FTE base and of course, also our cost base in general. We have also decided
Q3 2024 Schouw & Co A/S Earnings Call Transcript
Nov 12, 2024
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