DLH A/S has decided to sell its inventory in Antwerp, which serves the Belgian, Dutch and German markets and, during 2014, will cease stock based sales in these markets. The move is part of the effort to optimise the Group’s total earnings and the desire to reduce working capital, which currently accounts for approximately DKK 100 million for the markets in question.
The decision has no impact on the outlook for 2013 as a whole, which is a turnover of around DKK 2.2 billion and an EBIT of between minus DKK 30 and 40 million. However, the operations in Belgium, the Netherlands and Germany for Q3 reporting will be classified as discontinued.
For further information about this announcement, please contact President & CEO Kent Arentoft on tel: + 45 4350 0101.
