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H+H International A/S - Annual Report 2015

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Company Announcement No. 331, 2016

Copenhagen, Denmark, 2016-03-17 08:02 CET (GLOBE NEWSWIRE) --  

H+H International A/S
Dampfærgevej 3, 3rd Floor
2100 Copenhagen Ø
Denmark
Tel.: +45 35 27 02 00
www.HplusH.com
Company reg. no. 49 61 98 12

 

Highlights

  • Revenue of DKK 1,621 million and organic growth (excluding effect from changes in foreign exchange rates and revenue from acquisitions, divestments and closed-down businesses) of 9%.
  • EBITDA of DKK 182 million before special items, which is slightly above the top end of our most recent outlook of DKK 170-180 million.
  • EBIT margin of 5.0% before special items.
  • Net interest-bearing debt on 31 December 2015 of DKK 445 million. Gearing is 1.9x EBITDA and 2.4x EBITDA before special items.
  • ROIC was 10.3% before special items.
  • Equity on 31 December 2015 of DKK 255, which is higher than last year due to the reduced UK pension obligations, a profit for the year and share capital increase.
  • Operational excellence programme continued to deliver improvements. The commercial excellence programme helped us achieve a higher growth rate and market penetration.
  • Outlook for 2016:
    • Organic revenue growth is expected to be 3-4%.
    • EBITDA before special items is expected to be DKK 190-210 million.
    • Investments excluding acquisitions and divestments are expected to be in the region of DKK 80 million.

 

Please see attached PDF for full version of the report.

 

Kent Arentoft
Chairman of the Board of Directors

Michael T Andersen
CEO

 

For additional information please contact:
Michael T Andersen, CEO, or Bjarne Pedersen, Vice President, Business Development & IR, tel.: +45 35 27 02 00.

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