Denmark, 2014-02-28 13:10 CET(GLOBE NEWSWIRE) -- Danthermrealised revenue of DKK 482mfor 2013, which is on a par with revenue in 2012. An operating profit (EBIT) of DKK 5.2mwas posted, up DKK 11.4mrelative to 2012. Revenue and EBIT were in line with the most recently announced outlook. Torben Duer, President & CEO: ’The results for 2013 have improved in relation to last year due to the efficiency measures and cost reductions introduced. The strategic focus on market presence and product development continued, with costs and investments totalling DKK 15mwithin the two business segments HVAC and Telecom. This fuels our expectations of growth and thus improved revenue and earnings in the coming years. The strategic analysis aimed at strengthening business development and capital base is under way and we will report on the results once the analysis is ready, probably in H1 2014.’.’ Developments in Q4 2013 -- Revenue was DKK 126magainst DKK 119min Q4 2012, representing the highest quarterly revenue in 2013. -- An operating profit (EBIT) of DKK 3.2mwas posted against a loss of DKK 9.1min Q4 2012. -- A loss before tax (EBT) of DKK 0.8m, corrected for the share of the profit/loss after tax in associates, was posted, cf. below, against a loss of DKK 12.7min Q4 2012. -- Cash flows from operating activities were DKK -0.7magainst DKK 6.2min Q4 2012. Developments in 2013 -- Danthermrealised revenue of DKK 482m, which is on a par with revenue in 2012. Revenue within HVAC fell by 11%, while revenue within Telecom increased by 25%. -- An operating profit (EBIT) of DKK 5.2mwas posted against a loss of DKK 6.2min 2012. -- Revenue and EBIT were in line with the most recently announced outlook. -- In 2013, the share of the profit/loss after tax in associates has had a negative impact on the profit before tax of DKK 18.5mas a result of impairment of investments in and loans to Dantherm Power. -- Dantherm’s EBT adjusted for write-downs in respect of Dantherm Powerwas improved by DKK 7.5mrelative to 2012. -- Cash flows from operating activities totalled DKK -0.3magainst DKK 19.8min 2012, when cash flows were positively affected by the reduction in working capital as a result of lower activity levels. -- The net interest-bearing debt amounted to DKK 203.2mat the end of 2013 against DKK 188.3mat the end of 2012. Capital structure -- As mentioned in company announcement no. 13 of 16 October 2013, Danthermhas received an unsolicited indication of interest from a potential buyer. Consequently, the Board of Directors decided to launch an analysis in order to evaluate the enquiry in the best possible way. The analysis is still ongoing and will be used by the Board of Directors to consider Dantherm’s general strategic options for a strengthening of business development and capital base. The results of the analysis will be reported once they are ready, probably in H1 2014. -- In April 2012, Danthermsigned an agreement with the primary credit institutions on committed facilities to expire on 1 May 2014. In February 2014, Danthermrenegotiated its agreement with the primary credit institutions which have granted an extension of the agreement until 31 March 2015. Outlook for 2014 In 2014, Danthermexpects revenue in the region of DKK 500-525mand an operating profit (EBIT) of DKK 10-15m.Impact relating to the analysis initiated in October 2013is not recognised in the expectations for operating profit (EBIT). Annual general meeting The annual general meeting will be held on Wednesday, 26 March 2014at 3 pmat Dantherm A/S, Marienlystvej 65, Skive, Denmark. The complete annual report is enclosed with this company announcement and is also available at Dantherm A/S’s website, www.dantherm.com. Any enquiries concerning this announcement can be directed to President & CEO Torben Dueron tel. +45 99 14 90 14. Copyright © 2014 OMX AB (publ).