Schouw & Co

SCHO

Equity

ISIN DK0010253921 / Valor 805832

Nasdaq Copenhagen Equities (2026-05-01)

DKK 684.00+4.11%

Schouw & Co
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About company

Schouw & Co. is a Danish industrial conglomerate that maintains long-term ownership of a diverse portfolio of businesses, primarily within the business-to-business production and commerce sectors. The company typically oversees 5-7 independent sub-groups, each focused on their specific market segment. Despite facing a challenging economic environment in 2024, Schouw & Co. achieved record-high EBITDA and operational cash flow, even as revenue declined due to reduced volumes in certain segments and lower material prices. The company also made significant progress in reducing its debt, underscoring its resilience and strategic financial management.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Key Q4 and FY financials

Q4 2025: Revenue DKK 8,480m (‑0.8%), EBITDA DKK 731m (+3.1%), EBIT DKK 138m (‑68.1%), profit before tax DKK 106m (‑69.8%). Full year 2025: Revenue DKK 34,128m (‑1.6%), EBITDA DKK 2,880m (‑1.8%), EBIT DKK 1,446m (‑20.9%), profit before tax DKK 1,149m (‑18.7%), profit for the year DKK 1,033m.

Cash flow & balance sheet

Record cash flow from operations DKK 2,896m in 2025 (up 13.4% y/y). Investing cash flow net ‑DKK 592m (incl. BioMar bolt‑on). Net interest‑bearing debt down to DKK 4,449m (‑17.2% y/y); NIBD/EBITDA improved to 1.5x. Working capital reduced to DKK 5,847m (‑13.7%).

One‑offs and impairments

2025 included several one‑off items: restructuring and optimisation costs, preparation costs for a potential IPO of BioMar and non‑recurring losses in Borg Automotive’s French activities. Borg Automotive goodwill impairment of DKK 299m lifted total D&A/impairments to DKK 1,434m.

BioMar and corporate actions

Assessment of a potential separate listing of BioMar progressed in 2025 (process started Nov 2024). Schouw & Co. expects a possible Nasdaq Copenhagen listing in H1 2026 while intending to remain majority owner; proceeds are expected to be reinvested in the portfolio.

Outlook for 2026

Schouw & Co. reiterates 2026 guidance: consolidated revenue DKK 33.0–35.5bn and EBITDA DKK 2.9–3.2bn. Management expects most businesses (except Fibertex Personal Care) to deliver EBITDA at or above 2025 levels, though macro and commodity price volatility may affect results.

Per‑share, governance & ESG highlights

EPS for 2025 ~DKK 42.02. The Board proposes increasing the dividend to DKK 17 per share for 2025 (total ~DKK 425m). ESG: scope 1+2 emissions rose to 255,361 tCO₂e and lost‑time injury frequency increased to 6.4 per million hours; ROIC excluding goodwill 13.1%.

Summarized from source with an LLMView Source

Key figures

13.2%1Y

18.1%3Y

3.32%5Y

Performance

23.4%1Y

21.4%3Y

23.2%5Y

Volatility