Schouw & Co.

Danish industrial group Schouw & Co. has extended its 2026 share buy-back programme by up to DKK 170 million, raising the total repurchase amount to DKK 410 million. The extension, announced on 14 August 2026, supplements the original programme initiated on 2 January 2026, which had authorized up to DKK 240 million in buy-backs. During the week of 24–28 August 2026, the company repurchased 42,000 shares at an average price of DKK 754.93, spending DKK 31.7 million. As of 28 August, Schouw & Co. had accumulated 325,483 shares for DKK 216.9 million, and now holds 2,623,276 treasury shares, representing 10.49% of its total share capital of 25 million shares. The buy-back is conducted under EU Market Abuse Regulation safe-harbour rules.

Aktieselskabet Schouw raised its full-year 2026 revenue guidance after reporting second-quarter results on August 14. The company now expects revenue of DKK 34.8 billion to DKK 37.2 billion, up from its previous range of DKK 33.0 billion to DKK 35.5 billion. Second-quarter sales were DKK 8,965 million and net income was DKK 321 million. The update also included completion of a share buyback tranche. Shares traded at DKK 728.0, with a 17.42% seven-day return and a 23.28% one-year total shareholder return.

Schouw & Co AS raised its full-year 2026 guidance for both revenue and EBITDA, citing strong market positions and operational efficiency. The company now expects revenue of DKK34.8-37.1 billion and EBITDA of DKK3.15-3.35 billion. BioMar achieved record-high Q2 feed volumes of 395,000 tonnes, up 3%, and raised its own guidance, while GPV saw a 20% EBITDA increase to DKK187 million with an 8.3% EBITDA margin. HydraSpecma delivered revenue up 12% and EBITDA up 30%, and Fibertex Nonwovens reported a 20% revenue increase and 47% EBITDA growth.

Schouw & Co. acquired 20,000 shares at an average price of DKK 628.75 during the week of 13 July to 17 July 2026, as part of its ongoing share buy-back programme. The total amount spent in the week was DKK 12,575,092, bringing the accumulated purchases since the programme began on 2 January 2026 to 217,283 shares at an average price of DKK 649.21, for a total of DKK 141,061,923. The programme, which runs until 31 December 2026, has a maximum budget of DKK 240 million and is conducted under the EU Market Abuse Regulation's Safe Harbour rules. Following the latest transactions, Schouw & Co. holds 2,455,076 treasury shares, representing 9.82% of the total share capital of 25,000,000 shares.

Schouw & Co. reported that during the week of 29 June to 3 July 2026, it repurchased 18,000 shares at an average price of DKK 595.46, totaling DKK 10,718,328 under its ongoing share buy-back programme. The programme, which began on 2 January 2026 and runs until 31 December 2026, has a total authorization of up to DKK 240 million. As of 3 July 2026, the company has accumulated 177,283 shares at an average price of DKK 655.64, amounting to DKK 116,234,473. Following these transactions, Schouw & Co. holds 2,415,076 treasury shares, representing 9.66% of the total share capital of 25,000,000 shares.

Schouw & Co. has agreed to acquire a majority stake in Spectre, a family-owned B2B manufacturer of premium functional outdoor and sportswear apparel. Spectre operates production facilities in Vietnam and serves leading international brands, expecting revenue of around DKK 1.0 billion with an EBITDA margin of 15-17% in 2026. The transaction values Spectre at DKK 1.1 billion upfront on an enterprise value basis, with up to DKK 200 million contingent on future financial performance. The Klausen family will remain as minority investors and the existing management team will stay on. Closing is expected in the third quarter of 2026, after which Spectre will be fully consolidated into Schouw & Co.'s financial statements.