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On 4 March 2024, Schouw & Co. initiated a share buy-back programme as outlined in Company Announcement no. 13 of 1 March 2024. Under the programme, Schouw & Co. will acquire shares for up to DKK 200 million during the period 4 March 2024 to 31 December 2024.
On 4 March 2024, Schouw & Co. initiated a share buy-back programme as outlined in Company Announcement no. 13 of 1 March 2024. Under the programme, Schouw & Co. will acquire shares for up to DKK 200 million during the period 4 March 2024 to 31 December 2024.
Tuesday, Schouw & Co. released its interim report for the third quarter of 2024; As expected, consolidated revenue for Q3 2024 was down on the year before, driven by a drop in volume sales combined with lower prices. EBITDA was also down compared to the very strong Q3 2023. Cash flows from operations remained at a high level.
BioMar is the world's third largest producer of quality feed for farmed fish and shrimp, specialising in products that through innovation and partnership support a sustainable and efficient aquaculture industry. Aquaculture is an industry driven by the increasing demand for healthy protein sources to feed a growing global population. Since BioMar became part of the Schouw & Co. Group in 2005, the company has grown from a revenue of DKK 2.6 billion with an EBITDA of DKK 124 million to an expected 2024 revenue of DKK 16.5-17.0 billion with an expected EBITDA of DKK 1,410-1,460 million. To this should be added non-consolidated revenue from joint ventures of approximately DKK 1.5 billion. BioMar is the largest company in the Schouw & Co. portfolio, accounting for nearly half of Group revenue and EBITDA.
On 4 March 2024, Schouw & Co. initiated a share buy-back programme as outlined in Company Announcement no. 13 of 1 March 2024. Under the programme, Schouw & Co. will acquire shares for up to DKK 200 million during the period 4 March 2024 to 31 December 2024.
On 4 March 2024, Schouw & Co. initiated a share buy-back programme as outlined in Company Announcement no. 13 of 1 March 2024. Under the programme, Schouw & Co. will acquire shares for up to DKK 200 million during the period 4 March 2024 to 31 December 2024.
On 4 March 2024, Schouw & Co. initiated a share buy-back programme as outlined in Company Announcement no. 13 of 1 March 2024. Under the programme, Schouw & Co. will acquire shares for up to DKK 200 million during the period 4 March 2024 to 31 December 2024.
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