Q1 2020 Schouw & Co A/S Earnings Call Transcript

May 07, 2020 / 12:00PM GMT
Operator

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.

Jens Bjerg Sørensen - Aktieselskabet Schouw & Co. - President, CEO & Member of Management Board

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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