Aug 14, 2020 / 12:00PM GMT
Operator
Ladies and gentlemen, welcome to the Schouw & Co. Q2 Report 2020. Today, I'm pleased to present the CEO, Jens Bjerg Sørensen. (Operator Instructions)
Speaker, please begin.
Jens Bjerg Sørensen - Aktieselskabet Schouw & Co. - President and CEO
Thank you very much, and welcome to everyone to presentation of our Q2 2020 report. Q2 was a quarter heavily influenced by the global COVID-19 pandemic, but our companies have in general responded very professionally and diligently in this difficult situation. I think I can say that our conglomerate strategy and diversification really showed strength during the quarter. We delivered a strong and very satisfactory quarter.
Our revenue was flat at around DKK 5 billion, impacted by lower raw material prices, but only 2 out of our 6 companies were hit by reduced volumes. The group EBITDA increased 23% to DKK 517 million. We saw a profitable product mix and lower raw material prices in most of our companies. We also, as I mentioned, had a very strong execution with high efficiency
Q2 2020 Schouw & Co A/S Earnings Call Transcript
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