Dantherm 3rd-quarter growth of 31 %

The Dantherm group, which undertakes development, production, sales and installation of industrial air management, has achieved a solid growth in both revenue and earnings in the third quarter, and the company maintains its expectations for the full financial year.

In the third quarter the company’s revenue rose 31 per cent to DKK 144.6 million, and the operating profit (EBIT) was nearly doubled to DKK 10.7 million from DKK 3.8 million.

“The positive development of Dantherm continued and was expanded in the third quarter with growth in both business areas, and the group’s EBIT margin doubled to more than 7 per cent. Market developments within Telecom in particular have been positive, and we are also pleased to note an effect of the strategic activities launched in 2010,” said President and CEO Torben Duer.

For the full year Dantherm maintains its expectations of an operating profit of DKK 20-25 million. The outlook for revenue is now “in the region of DKK 550 million,” while the previous outlook was DKK 500-550 million.

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