Jul 15, 2013. /Lesprom Network/. In 2Q 2013 DLH has realized a significant growth in its overseas Global Sales markets of 28%. The European stock based business was not favoured by any positive change in the activity level and declined by 16%. For the 2Q DLH realized a revenue of DKK 649 million ($113.5 million) towards last year’s level of DKK 664 million ($116 million), as the company said in the press release received by Lesprom Network. 

The change in revenue mix, where a large part now comes from the Group’s Global Sales back-to-back business, is the most essential cause for the decline by 2 percentage point in the Group’s total gross margin.It is expected that EBIT for the 2Q amounts to DKK 4 million ($699,692) against last year’s DKK 7 million ($1.2 million). 

The weak sales in the European business are expected to proceed in second half year whereas the global back-to-back business will continue to develop positively. It is therefore now estimated that the total sales for 2013 reach the level of DKK 2.2 billion and EBIT in the level of minus DKK 30-40 million ($5.2-7 million).

DLH is a Danish owned group quoted on NASDAQ OMX Nordic and since 1908 trading in timber and timber products all over the world.