Global tropical timber and sheet materials supplier DLH has posted improved pre-tax profits of DKr13m for the first nine months of 2011 (2010: DKK7m) but has warned that market conditions have become more difficult.
DLH, which recorded sales of DKr2.25bn, said market conditions were now more difficult than at the start of the financial year, with customers increasingly cautious about long-term transactions. A 16% fall in turnover was recorded in the third quarter.
Turnover in western Europe totalled DKr469m for the first nine months (2010: DKr461m) wile earnings before interest and tax were DKr38m (2010: DKr25m). DLH’s strategy is to build up more sheet material sales in France.
The region is implementing a project to improve margins during the autumn and winter, with the objective of establishing a business concept that can be implemented in other regions.
