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Q2 2019 Schouw & Co A/S Earnings Call Transcript
Hello, and welcome to the Schouw & Co. First Half 2019 Interim Report Call. Today, I'm pleased to present CEO, Jens Bjerg Sørensen. (Operator Instructions)
Mr. Sørensen, please begin.
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Thank you very much, and also a warm welcome to everyone from here to the Q2 presentation of Schouw & Co.
We saw at Schouw & Co. a high activity level also in Q2, despite softer markets around us. Our revenue was up by 10% to close to DKK 5 billion. And the increase was mainly coming from GPV's acquisition of CCS, meaning acquisitive growth. In -- but in general, we can say, looking out in the market, really have a good advantage from the amount of acquisitions in, in fact, in all our companies.
Our EBITDA increased 5% to DKK 419 million. We have also to mention here that we saw a positive effect from IFRS 16 of DKK 51 million. In this EBITDA figure, also, we had some one-off costs and PPA regulations, which
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