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Q3 2019 Schouw & Co A/S Earnings Call Transcript
Ladies and gentlemen, welcome to the Schouw & Co. Q3 Interim Report 2019. Today, I'm pleased to present CEO, Jens Bjerg Sørensen. (Operator Instructions) Jens, please begin.
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Thank you very much, and welcome to everyone to our Q3 presentation. First of all, also sorry for a small delay. There was a technical issue, but I'll continue from that.
Welcome again. We have seen continued high activity level all over our companies despite soft markets, and we see it as a very solid and very satisfactory quarter. Our revenue was up by 17% to DKK 5.9 billion. We saw a combination of both organic and acquisitive growth. Our organic growth was at a satisfactory level of 8%. Our EBITDA increased from DKK 445 million to DKK 621 million. If we adjust for a positive effect from IFRS 16 of DKK 52 million, then our EBITDA increased by 28%, which we think is very satisfactory. We had a few one-off costs also that had a negative effect. Cash flow
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