“The strong operational performance delivers significant margin improvements and strong financial results”, says CEO Michael T. Andersen. “We see continued strong earnings for this year despite a slowdown in the German market. We are content with our strong financial position and will continue to focus on developing our core markets.”
Highlights for the period 1 January to 30 September 2019
DKK millionQ3 2019Q3 2018Q1-Q3 2019Q1-Q3 2018Revenue7797202,2151,863Organic growth5%21%10%15%EBITDA before special itemsEBIT before special itemsEBIT margin before special items18%14%14%10%NIBD/EBITDA ratio before special items0.91.90.91.9Special items016039Free cash flow excluding acquisitions and divestments
- H+H International A/S has on 31 October 2019 closed the deal with LSR concerning divestment of its activities in Russia (100% of the shares in OOO H+H).
Outlook for 2019
H+H updates its outlook for 2019:
H+H International A/S will host an investor teleconference on 13 November 2019 at 16:30 CET.
To attend the conference call, please see details below.
For further information please :
Michael T Andersen, CEO, or Bjarne Pedersen, CSO, 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 28 factories in Northern and Central Europe 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.