H+H International A/S Annual Report 2023: Significant decline in the newbuild market impacted the year, leading to considerable transformation
Company announcement No. 551, 2024H+H International A/S (hereinafter referred to as “H+H” or “the Company”) hereby announces financial results for the full year ended 31 December 2023. “In 2023, we experienced changes at an unprecedented speed, leading to decreased demand for residential newbuild. Consequently, our sales volumes dropped by 34%, while we have implemented price increases to counter inflation. In reaction to the market downturn, we have significantly adjusted our operations and achieved DKK 150 million in cost savings for the year from indirect production costs and SG&