Schouw & Co. revenue performs better than expected in 2022, Fibertex Nonwovens lower than anticipated
AARHUS, Denmark, January 25, 2023-
Schouw & Co. continues to grow and currently estimates revenue for 2022 of DKK 32.6 billion and earnings of DKK 2,280 million (EBITDA). In the current year, the industrial conglomerate expects revenue increase to the range of DKK 36-38 billion and EBITDA in the range of DKK 2,350-2,650 million.
Schouw & Co. comes out of 2022 even better than expected and anticipates further growth in 2023. Based on the preliminary and unaudited income statements from the Group businesses, the industrial conglomerate currently estimates its revenue for 2022 at approximately DKK 32.6 billion as compared with the most recent guidance of DKK 30.1–32.0 billion. Schouw & Co. estimates earnings at about DKK 2,280 million (EBITDA), as compared with the guided range of DKK 2,090–2,260 million.
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