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Q3 2021 Schouw & Co A/S Earnings Call Transcript
Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the Schouw & Co. Conference Call 2021 Q3 Report Conference Call. (Operator Instructions)
I would now like to turn the conference over to Mr. Jens Bjerg Sørensen, CEO. Please go ahead.
Thank you very much, and welcome to the presentation of our Q3 report.
Overall, Q3 turned out to be a really challenging quarter, but we still saw a high demand in most of our segments. We continue to have strong market positions and customer relations was confirmed. We had a huge negative impact from raw material prices and costs that unexpected continue to increase at a very high pace during the quarter. We expect the present market volatility to continue well into 2022. Revenue was up 14% to DKK 6.9 billion. However, EBITDA was reduced 9% to DKK 614 million. Our results from associated companies increased with DKK 80 million to DKK 36 million. Main effect was coming
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