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Q1 2019 Schouw & Co A/S Earnings Call Transcript
Ladies and gentlemen, welcome to the Schouw & Co. Q1 Interim Report 2019. Today, I'm pleased to present CEO, Jens Bjerg Sørensen. (Operator Instructions) Jens, please begin.
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Thank you very much and also welcome to our Q1 conference call. Overall, Schouw & Co. showed a good start of the year with a positive growth. You should also bear in mind that Q1 is our smallest quarter due to a strong seasonality in terms of our companies. So the revenue overall was up by 21% to DKK 4.7 billion, and we saw a mix of both organic growth and also effects from our CCS acquisition. EBITDA increased to 28% to DKK 401 million. It was up 12% if we exclude for IFRS 16 effect. Profit from our associated companies increased due to a very good development from our fish farming operations in Australia and Chile. We have a stronger focus on our net working capital and it's ongoing and will continue into 2019, and it's on top of the agenda of management in all
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