13/05/2019 13:31:05

Interim financial report for Q1 2019

“We have more than doubled EBITDA due to favorable market conditions, the impact from last years’ acquisitions and the upgrade of the Borough Green factory”, says CEO Michael T. Andersen. “We are running at full capacity in many of our markets and have reduced stocks in the first quarter of 2019.”

Highlights for the period 1 January to 31 March 2019

DKK million

Q1 2019

Q1 2018

Organic growth22%5%
EBITDA before special items9740
EBIT margin before special items8%3%
NIBD/EBITDA before special items1.45.5
Special items016
Free cash flow excluding acquisitions and divestments(23)(99)

Outlook for 2019

H+H updates its outlook for 2019:

  • Growth before acquisitions and measured in local currencies is expected to be around 7% (unchanged).
  • EBITDA before special items is expected to be DKK 460-510 million (previously DKK 445-495 million).
  • EBIT before special items is expected to be DKK 280-330 million (previously DKK 270-320 million). 
  • Investments excluding acquisitions and divestments are expected to be in the region of DKK 160 million including investments for establishing a CSU production line near Gdansk, Poland and IFRS 16 effect (unchanged).

Investor teleconference

H+H International A/S will host an investor teleconference on 14 May 2019 at 10.30 a.m. CEST.

To attend the conference call dial +45 35 27 02 29 and meeting ID is 538122.

For further information please contact:

Michael T Andersen, CEO, or Bjarne Pedersen, Vice President, Business Development & IR, on telephone +45 35 27 02 00.

H+H’s core activity is the manufacture and sale of wall building materials, with a revenue in 2018 of DKK 2.5 billion. The main product lines are aircrete blocks and calcium silicate units used for the residential new building segment. H+H has 29 factories in Northern and Central Europe and Northwest Russia with a total output of more than 4 million cubic metres of products annually and has a leading position in most of its markets. H+H has more than 1,600 employees and is listed on Nasdaq Copenhagen.



Related content
25 Apr - 
H+H in dialogue with potential buyers of its Russian bu..
11 Apr - 
Business transacted at annual general meeting and first..
19 Mar - 
Notice of annual general meeting of H+H International A..
Related debate
26 Apr - 
Der er ikke kommet nye analyser siden sidst.
25 Apr - 
Sikkert en klog disposition - jeg overvejer det selv😉
25 Apr - 
Ja, det er rigtig godt – og jeg er enig, H+H er en af d..

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg


EuroInvestor: In Focus


EuroInvestor: In Focus


EuroInvestor: In Focus

Most read news

  • 24 hours
  • 48 hours
  • 1 week
InterDigital Participates in 5G Slicing and Ultra-High Throughput Demonstrations at EUCNC
ROHM's New Power Supply Monitoring IC with Built-In Self-Diagnostic Function that Supports Functional Safety
Roskill: Chromium markets suppressed with ongoing surplus ore supply.
Genocea Announces Pricing of $36,750,000 Public Offering of Common Stock
Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Sprint Corporation, Boston Scientific Corporation, Box, Inc. and Cloudera, Inc. and Encourages Investors to Contact the Firm

Related stock quotes

H+H International A/S 107,00 1.3% Stock price increasing

Latest news

Copyright Berlingske Media 2019  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
20 June 2019 07:20:27
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20190527.1 - EUROWEB4 - 2019-06-20 08:20:27 - 2019-06-20 07:20:27 - 1000 - Website: OKAY