Davidsens Tømmerhandel’s sales boosted by 24 %

09.06.2020 − 

The acquisition of the Optimera builders’ merchant chain, formerly assigned to Saint-Gobain Distribution Denmark, concluded at the beginning of October 2019 enabled the timber and building-materials trading company Davidsens Tømmerhandel to achieve significant growth in 2019 as a whole. At 2.3bn DKK, roughly equivalent to 308m €, the previous year’s figure was surpassed by around 450m DKK or 24 %. Although the pre-tax result fell by around 40 % to 30.2m DKK in the same period, it was impacted by contrasting extraordinary factors in both years. The Optimera takeover incurred one-off costs of 10.8m DKK last year.

The integration of Optimera, which partly involved the introduction of a new group structure under the newly-formed Davidsen Group, streamlining the network of branches, and standardising the IT systems, has meanwhile been largely completed, says Davidsens Tømmerhandel. Ten of the original 16 Optimera facilities have been retained. Combined with the 13 Davidsens branches, the company meanwhile has a total of 23 facilities. Four of them are on Seeland, one is on Fünen, 17 are on the Danish mainland, and one is in Greenland. The branch in Greenland’s capital of Nuuk was added by the Optimera acquisition.

In spite of the impairments due to the corona crisis, Davidsens Tømmerhandel wants to achieve further growth in sales revenue in the current business year. Growth has already been recorded for the first four months. CEO Henrik Clausen is anticipating a slower pace of building activity in the second half-year, however. The result for the year as a whole is expected to more or less match that of last year.

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