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Full Year 2020 Schouw & Co A/S Earnings Call Transcript
Ladies and gentlemen, thank you for standing by. I am Celia, your Chorus Call operator. Welcome, and thank you for joining Schouw & Co. Annual Report 2020 Conference Call. (Operator Instructions) I would now like to turn the conference over to Jens Bjerg Sørensen. Please go ahead, sir.
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Thank you very much, and welcome to everyone on this glorious morning here at the presentation of our 2020 annual report. 2020 was, in many respects, unprecedented year for all of us. But our business model showed strength, and we managed to deliver a very satisfactory and historical high result. I'm very proud and thankful of the strong efforts from all our many loyal and dedicated employees around the globe during these very difficult times.
Our revenue was up 2% to DKK 21 billion. We saw a very good development in our volumes, but negative effect from raw material prices and ForEx had an impact on our turnover. We also had a positive impact
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