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H+H International A/S - Interim financial report Q1 2016

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Company Announcement No. 339, 2016

Copenhagen, Denmark, 2016-05-19 07:54 CEST (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 for the period 1 January to 31 March 2016

  • First-quarter revenue was DKK 368 million (2015: DKK 343 million). Organic revenue growth in the first quarter was 12.2%.
  • EBITDA was DKK 36.6 million before special items (2015: DKK 19.1 million) and DKK 35.3 million after special items (2015: DKK 50.0 million).
  • EBIT was DKK 15.9 million before special items (2015: loss of DKK 3.6 million) and DKK 14.6 million after special items (2015: DKK 27.3 million).
  • The quarter brought a net profit before special items of DKK 10.4 million (2015: loss of DKK 13.2 million) and DKK 9.1 million after special items (2015: DKK 17.7 million).
  • Investments totalled DKK 11 million (2015: DKK 16 million).
  • Net interest-bearing debt at 31 March 2016 was DKK 490 million (31 March 2015: DKK 643 million).
  • H+H reiterates its 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.  


Quote:
"The first quarter had fine weather conditions for house building, and we saw some degree of forward buying due to product allocation in the UK and announced price increases in mainland Europe," says Michael T Andersen, CEO. "Input costs are expected to increase for the rest of the year due to the general shortage of certain raw materials such as pulverised fuel ash (PFA).”
 

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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