DLF Reports Strong Performance in 2015
DLF presents its 2015 financial results and annual report at the Group’s Annual General Meeting on Oct. 27.
Consolidated turnover was DKK 3.4bn in 2014/15, which was a slight increase compared to last season. EBIT amounted to DKK 157.9m, and profit after tax was DKK 102.4m compared to DKK 95.8m in the previous year.
Sales in Greater Europe went well with increased sales following some years with flat revenues. Generally, the turf business performed better than the forage business. Export from Europe to China was all time high as the U.S. was suffering from both a stronger dollar and the port strikes on the West Coast. Russia consumed less than the year before. However, sales were higher than budgeted.
North America was overall having a strong year albeit the difficulties on their export business as mentioned above, and a weak spring sales in the Northeastern part of the U.S. was taking its toll. On the other hand, Western Canada again performed above expectations.
The Southern Hemisphere Business Unit performed very well in New Zealand, had strong sales into Australia and satisfying sales in South America.