English

H+H International A/S - Interim financial report H1 2012

Report this content

Company Announcement No. 270, 2012

Copenhagen, Denmark, 2012-08-23 07:50 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 2012

  • Second-quarter revenue was DKK 368 million (2011: DKK 354 million). First-half revenue was DKK 664 million (2011: DKK 630 million).
  • Despite depressed markets with falling sales volumes, H+H has overall maintained or increased its market shares.
  • Second-quarter EBITDA was DKK 34 million (2011: DKK 43 million). First-half EBITDA was DKK 32 million (2011: DKK 34 million). 
  • The second quarter brought a profit before tax of DKK 0 million (2011: DKK 6 million), and the first half year a loss before tax of DKK 35 million (2011: loss of DKK 39 million). 
  • Equity at 30 June 2012 was DKK 519 million.
  • Net interest-bearing debt at 30 June 2012 was DKK 660 million.
  • H+H adjusts its outlook for EBITDA before special items for the 2012 financial year to around DKK 90-110 million for continuing operations, against around DKK 110-140 million as previously announced.
  • H+H adjusts its outlook for free cash flow in 2012, which is now expected to be negative in the region of DKK 0-15 million before disposals of assets, against positive in the region of DKK 0-20 million as previously announced.
  • H+H adjusts its outlook for total investments in 2012 to be in the region of DKK 40 million, against in the region of DKK 50 million as previously announced.

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.

Subscribe

Documents & Links