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H+H International A/S - Interim financial report XXX

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Company Announcement No. 314, 2015

Copenhagen, Denmark, 2015-03-16 15:32 CET (GLOBE NEWSWIRE) --  

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

 

Highlights

  • Revenue of DKK 1,380 million and organic growth of 9.4%.
  • EBITDA of DKK 137 million and EBITDA before special items of DKK 140 million, which is at the top end of our upgraded guidance.
  • EBIT margin of 3.3%.
  • Net interest-bearing debt on 31 December 2014 of DKK 517 million. Credit facility of DKK 712 million with Danske Bank, committed until 15 February 2018.
  • ROIC was 6.7%.
  • Equity on 31 December 2014 of DKK 152 million, adversely impacted by exchange rates and adjustments to UK pension obligations.
  • Operational excellence programme continued to deliver significant savings of approx. DKK 20 million. New enhanced sales and marketing set-up implemented with the overall target of creating a higher growth rate than our competitors and penetrating new market segments.
  • Outlook for 2015: Organic revenue growth is expected to be 6-8%. EBITDA before special items is expected to be DKK 150-170 million. EBIT margin of 3-4%. Investments excluding acquisitions and divestments are expected to be in the region of DKK 60 million. Special items include estimated badwill as mentioned on page 75 and the restructuring costs in Poland as earlier announced.
  • After the balance sheet date, the acquisition of Grupa Prefabet S.A. in Poland was closed.

Please see attached PDF for full version in English of the Annual Report 2014.
An extract in Danish is available at www.HplusH.com.

 

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, on telephone +45 35 27 02 00.

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