Aug 12, 2008. /Lesprom.com/. Danish timber wholesale group Dalhoff Larsen & Horneman A/S issued a profit warning, saying that the international economic slowdown has resulted in a "considerable fall in prices" and reduced sales. "The forest concessions and production companies of the Group are affected relatively harder, because there, the lower wood prices have a stronger influence on the operating profit. Furthermore, in the short term it is difficult to adjust the capacity to the lower demand," DLH Group said. The company said that it expects to post a 2Q pre-tax profit of DKK 0 million (zero) on revenue of DKK 1.35 billion ($0.27 billion). The profit is in line with the 1Q, but DKK 50 million ($10 million) lower than in the 2Q last year. The expected revenue level is also in line with that of the 1Q, but 10% below the level of the 2Q last year. DLH Group also adjusted down its expectations for the full year, reducing pre-tax expectations by DKK 100 million ($20 million) to DKK 0 million (zero) year-on-year and revenue expectations by DKK 0.3 billion ($0.06 billion) to DKK 5.3 billion ($1.06 billion). DLH Group, headquartered in Taastrup, Denmark, is an international timber merchant with sales operations in Europe, the US and the Far East.