2 Note: Revenue, EBITDA and employee figures are 2020FY realised
STATUS ON 2021Q2
Very strong quarter
Revenue DKK billion
EBITDA DKK million
Cash Flow Op DKK million
NWC days days
ROIC ex GW per cent
+13.1%
+7.9%
-55.7%
+0.3%
+2.8pp
5.6
557
607
63.9
64.0
16.2
517
4.9
13.4
269
2020
2021
2020
2021
2020
2021
2020
2021
2020
2021
3
PORTFOLIO COMPANIES
BioMar: Markets returning to normal
A global leader in quality feed for aquaculture focusing on
Q2 revenue DKK billion
responsible use of sustainable raw materials, food safety and
+5.9%
traceability in the entire value chain
2.9
2.5
2.5
2.7
2.3
Highlights and outlook
▪ Markets gradual returning to normal but corona remains a concern
▪ Volume growth realised in Q2, expected to continue in H2
2017
2018
2019
2020
2021
▪ Chile challenging; a.o. lower biomass, algal bloom and local strike
▪ LatAm progressing as shrimp farming and export return to normal
Q2 EBITDA DKK million
HoReCa demand still low, but fish prices back at pre-corona levels
▪ Margin pressure following fierce competition and difficulties in fully
+8.4%
222
191
215
passing rapidly increasing raw material prices to customers
156
174
▪ Positive development in China JV, Turkey remain affected by corona
▪ Recovering Chilean salmon prices increase profit in Salmones Austral
▪ Both volume and EBITDA expected to increase y/y in 2021 H2
2017
2018
2019
2020
2021
4
CAGR
PORTFOLIO COMPANIES
FPC: Running af full capacity utilisation
Market leader in spunbond fabrics used in hygiene applications improving everyday health and well-being for millions of people worldwide
Highlights and outlook
Reported EBITDA in Q2 highly affected by raw material timing effect
Underlying sales and operational efficiency remain strong and attractive
Print business continues positive development, new line in US on track
Raw material prices expected to decline in H2, but not to 2019 level
10,000 sqm solar cells installed at Malaysian production site
Line 9 expansion in Malaysia ready 2022 Q2 (3 months postponed)
Unchanged outlook for 2021 indicate EBITDA improvement in H2 y/y
Q2 revenue DKK million
+3.1%
494
486
506
548
558
2017
2018
2019
2020
2021
Q2 EBITDA DKK million
-7.1%
124
82
72
69
61
2017
2018
2019
2020
2021
5
CAGR
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Schouw & Co. A/S published this content on 16 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2021 06:41:04 UTC.
Schouw & Co A/S is a Denmark-based industrial conglomerate. The Company invests in Danish industrial businesses and develops them through value-creating, active and long-term ownership. The Company operates under six sub-groups: BioMar is a manufacturer of feed for industrial fish farming; Fibertex Personal Care is a manufacturer of spunbond nonwovens for the personal care industry; Fibertex Nonwovens is a manufacturer of nonwovens for industrial applications; HydraSpecma is a specialized trading and engineering company, which engages in the trading and producing hydraulic components and systems development for industry; Borg Automotive is an independent remanufacturing company and specializes in sales, production and distribution in the auto aftermarket, and GPV specializes in both electronics and advanced mechanics and is the provider of Electronic Manufacturing Services (EMS) in Denmark. Its portfolio businesses have production sites in over 25 different countries across the world.
AKTIESELSKABET SCHOUW & CO. 
