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Company Announcement No. 6/2011 |
| Taastrup, 8 March 2011 |
Annual Report 2010
- DLH is ”Back in Black” – profits for the year after tax totalled DKK 4 million against a loss of DKK 752 million last year
- Turnover totalled DKK 3,202 million in 2010 against DKK 2,936 million in 2009 - corresponding to growth of 9%
- EBITDA was DKK 76 million in 2010 against a minus of DKK 83 million last year – an improvement of DKK 159 million
- EBIT was DKK 49 million in 2010 against a minus of DKK 140 million last year – an improvement of DKK 189 million
- Interest-bearing debt has been reduced from DKK 1,089 million to DKK 948 million
- DLH has entered into a three-year bank agreement conditional upon a capital injection of a minimum of DKK 245 million to be implemented during the first half of 2011
- For 2011, a turnover of approx. DKK 3.4 billion and an EBIT of around DKK 60 million are expected
CEO Kent Arentoft comments: ”2010 was a busy as well as an excellent year for DLH. We achieved all the main objectives in our recovery plan, "Back to Black”, in less than a year and, therefore, faster than originally expected. We disposed of non-strategic activities at higher-than-expected profits, reduced our debt and succeeded in transforming red figures into black by improving our performance significantly. As a result, we have already been able to implement our ”Go to Market” strategy as the next step in the development of a profitable and strong DLH.”
Any enquiries about this announcement should be addressed to CEO Kent Arentoft on tel: + 45 43 50 01 01
