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H+H International A/S - Interim financial report H1 2011

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Company Announcement No. 249, 2011

Copenhagen, Denmark, 2011-08-24 15:48 CEST (GLOBE NEWSWIRE) --  

H+H International A/S
Dampfærgevej 3, 3rd Floor
2100 Copenhagen Ø
Denmark
Telephone: +45 35 27 02 00
www.HplusH.com

 

Key figures for the period 1 January to 30 June 2011

  • Second-quarter revenue was DKK 376 million (2010: DKK 365 million)
  • Second-quarter EBITDA was DKK 40 million (2010: DKK 19 million)
  • Second-quarter profit before tax was DKK 3 million (2010: loss of DKK 143 million)
  • Equity at 30 June 2011 was DKK 679 million
  • Net interest-bearing debt at 30 June 2011 was DKK 685 million
  • H+H has narrowed its outlook for EBITDA before special items for the 2011 financial year to around DKK 100-110 million, against the previously announced DKK 100-140 million.
  • H+H has narrowed its outlook for free cash flow for 2011 to around DKK 20 million, against the previously announced DKK 20-60 million, excluding proceeds from potential sales of assets.
  • Total investments expected to be less than DKK 50 million
  • Non-core assets have been identified which H+H aims to sell by the end of the second quarter of 2012 for around DKK 80-90 million.

Please see attached pdf file for full version of the report.

 

Anders C Karlsson
Chairman of the Board of Directors

Michael T Andersen
CEO

 

For additional information please contact:
Michael T Andersen, CEO, or Niels Eldrup Meidahl, CFO, on telephone +45 35 27 02 00.

This is a translation of the company's announcement in Danish. In case of inconsistency between the Danish text and this English translation, the Danish text will take precedence.

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