Denmark-based tropical timber, panel supplier DLH almost doubles pretax profits to 13M Danish kroner in first nine months; improvement driven by 12% reduction in overhead costs, says CEO
November 16, 2011
– DLH maintains its expectations for the year, i.e. an EBIT of approx. DKK 60 million.
‘There is no doubt that market conditions have become more difficult. A number of our customers are more cautious than they were earlier in the year when fortunately, we had already embarked on rationalisation and efficiency measures. This means that despite difficult market conditions, we can deliver the earnings we expected at the start of the year,’ says CEO Kent Arentoft.