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Q1 2020 Schouw & Co A/S Earnings Call Transcript
Ladies and gentlemen, welcome to the Schouw & Co. Full Q1 2020 report. Today, I'm pleased to present the CEO, Jens Bjerg Sorensen. (Operator Instructions) Speaker, please begin.
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Thank you very much, and welcome to everyone to the presentation of our Q1 report. Q1 was, for us, as expected, strong and delivered well in line with our long-term strategy. We did not see any significant impact from the global corona crisis in Q1. However, it feels a bit strange to spend time on looking back when even the near future is uncertain and changed. But we will do it, and our revenue was up by 3% to DKK 4.8 billion. The continued strong development in BioMar gave good revenue. We also experienced lower raw material prices, which had a negative revenue effect in Fibertex Personal Care. Our EBITDA increased 8% to DKK 434 million. Here, we saw very strong development in both BioMar and Fibertex Nonwovens. Whereas Borg Automotive, they really had a negative
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