Global markets help DLH & Rougier

DLH's interim results show a growth of 30% for its global division during the first nine months of 2012, while European business suffered an 18% reverse.

DLH's total turnover reduced to DKr1.87bn (2011: DKr2.01bn), while earnings before interest, tax depreciation and amortisation were down to DKr18m from DKr61m a year ago.
Global divisional turnover increased from DKr449m to DKr584m, with earnings before interest and tax (EBIT) up DKr2m. Turnover in the western Europe division fell to DKr375m from DKr469m a year ago, with EBIT was down to DKr13m from DKr38m.

In terms of products, sheet materials is the best selling DLH product in the Nordic region, making up 81% of sales, while decking is the highest in western Europe with 40%. Logs are the biggest product area for the global division with 41%.
Meanwhile, Rougier said its strong international business compensated for a sharp deterioration in its French business.

Total turnover was up 0.6% to €106m for the nine months.

The core Africa International division recorded a 4.1% growth in turnover to €84m, thanks to strong sales in Asia and Latin America during the third quarter. The French import and distribution unit recorded a 16.6% decline in sales to €26m.

Log sales have increased by 23.8% on a year ago, while sawn timber and panels reduced by 5.5% and 9.4% respectively. Sawn timber sales still make up the largest product area at 52.8%.

Plywood sales were down 9.4%.