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Full Year 2019 Schouw & Co A/S Earnings Call Transcript
Ladies and gentlemen, welcome to the Schouw & Co. Full Year Report 2019. Today, I am pleased to present CEO, Jens Bjerg Sørensen. (Operator Instructions)
I will now hand you over to Jens Bjerg Sørensen. Please begin.
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Thank you and good morning to everyone. Welcome to presentation of our 2019 annual report.
2019 was a good and strong year for Schouw & Co, and we are very satisfied with our results. We experienced challenging market conditions but also benefited from our strong positions. It was a year where we nearly finalized a major investment program. Our revenue was up 15% to almost DKK 21 billion. We had a positive full year effect from our recent acquisition of the Swiss EMS company, CCS. BioMar continued their strong development also in 2019. EBITDA increased 24% to DKK 1.95 billion or 10% like-for-like if we exclude our IFRS 16 from that. The effect from IFRS 16 was DKK 208 million out of this EBITDA.
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