Sep 27, 2013. /Lesprom Network/. 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 ($18 million) for the markets in question, as DLH said in the press release received by Lesprom Network.

The decision has no impact on the outlook for 2013 as a whole, which is a turnover of around DKK 2.2 billion ($399 million) and an EBIT of between minus DKK 30 ($5.4 million) and DKK 40 million ($7.2 million).

However, the operations in Belgium, the Netherlands and Germany for 3Q reporting will be classified as discontinued.

DLH is a Danish owned group and since 1908 trading in timber and timber products all over the world.