Q3 2023 Schouw & Co A/S Earnings Call Transcript
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Welcome to Schouw & Company's Q3 reporting conference call. We had, again, this year -- this quarter, a very strong and a very satisfying quarter. In fact, it was the strongest quarter ever for Schouw & Company. All our key figures improved. Revenue at group level was up 15% to DKK 10.5 billion. Most of it is driven by the acquisitions of Enics into GPV and Ymer into Hydra.
Our EBITDA was up more than 34% to DKK 909 million. We saw a very good and strong development across the board in all our companies. We also delivered a very solid cash flow from operations of around DKK 1.5 billion. Here, we really saw the effect of a strong push and focus on delivering cash flow and bringing down our net working capital.
In fact, our net working capital base declined as -- because of this, our return on invested capital also increased and it's on an increasing trend now towards our target of 15%.
From a general view until BioMar. BioMar had really a strong
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