Today, the Board of Directors of Dantherm A/S has adopted the company's
unaudited financial statements for the period 1 January to 30 June 2008.
Developments in the first two quarters of the year can be summarised as follows:
• In Q2 2008, the group posted revenue of DKK 510m against DKK 505m in the same
period last year. The Dantherm group's revenue in H1 rose from DKK 990m in 2007
to DKK 1,002m, which is lower growth than expected.
• The growth in revenue of 1.2% in H1 comprises revenue growth of 12.3% in the
business segment Filtration and a decline in revenue of 12.5% in the business
segment Air Handling.
• In Q2, the group posted an operating profit (EBIT) of DKK 8.7m against DKK
7.3m last year. The operating profit for H1 was DKK 11.8m against DKK 12.2m
last year.
• The group's profit before tax (EBT) was DKK 1.7m in Q2 against a loss of DKK
1.0m in the same period last year. The loss before tax amounted to DKK 4.6m in
H1 against a loss of DKK 3.2m in the same period in 2007.
• The realised loss before tax does not live up to expectations. However, due
to a reduction in capacity costs, the result is not significantly influenced by
the lower than expected revenue in H1.
• At the end of H1, invested capital amounted to DKK 998.6m, which is DKK 72.6m
less than at the same time last year. The improvement is largely attributable
to the divestment of the discontinued operations in 2007.
• In 2008, as in previous years, the group expects total revenue and earnings
to be higher in H2 than in H1.
• In 2008, the company expects revenue in the range of DKK 2,100-2,200m and a
profit before tax in the range of DKK 30-45m against the previously announced
figures of DKK 2,300-2,400m and DKK 40-60m. The earnings outlook includes a
loss from the fuel cell activities of around DKK 25m as expected.
Any queries concerning this announcement should be directed at President and
CEO Poul Arne Jensen on tel. +45 99 14 90 10.
