Aug 15, 2023 / 01:30PM GMT
Jens Bjerg Sorensen - Aktieselskabet Schouw & Co. - President, CEO & Member of Management Board
Welcome to our Q2 reporting conference call. We had a very satisfactory quarter. Activity continued at a very high level across all our companies. We also confirm a very positive outlook on 2023. Our revenue was up 23% to DKK 9.2 billion for the quarter. It was mainly driven by our acquired companies in GPV and HydraSpecma. Our EBITDA was also up 18% to DKK 660 million. Here, we saw a positive effect from -- also from our acquisitions and also in all our company, we had a very strong pricing discipline over the quarter.
Our net working capital build is slowing down, and we expect to drive a strong cash flow in the second half. Net working capital has been a strong focus point for the companies over the last year. Our finance costs, however, are increasing at a very high pace. We have a strong focus on debt and net working capital continues to be top of mind.
Our investment level is expected to leveling out, and we will expect to see our return on invested capital improving in the
Q2 2023 Schouw & Co A/S Earnings Call Transcript
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