In spite of a decline in turnover of 6% to DKR2.937bn, the Danish timber merchant Dalhoff Larsen & Horneman (DLH) showed year-on-year improvement in it financial results last year. In this vein, EBITDA was up year on year, by 14% to DKR87m and EBITA increased by 17.5% to DKR74m. The company reports that the reason for the significant upward trend is the successful implementation of various cost-cutting measures as part of the “Go-to-Market” strategy which is due to run until 2014. In contrast, because of the termination of various activities in Germany, Finland, Great Britain and Norway, the annual net profit was down to DKR2m.
DLH improves results in spite of lower turnover
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