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Interim financial report H1 2009

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Company Announcement No. 192, 2009

H+H International A/S
Dampfærgevej 27-29, 4th Floor
2100 Copenhagen Ø
Denmark
Telephone: +45 35 27 02 00
www.HplusH.com

26 August 2009


Interim financial report H1 2009.

- Second-quarter revenue was DKK 274.7 million (2008: DKK 404.9 million). 
  First-half revenue was DKK 496.1 million (2008: DKK 821.1 million).

- Second-quarter EBITDA was a loss of DKK 8.4 million (2008: DKK 52.2 million).
  First-half EBITDA was a loss of DKK 6.4 million (2008: DKK 121.0 million).

- The second-quarter result before tax was a loss of DKK 86.9 million 
  (2008: DKK 18.7 million). The first-half result before tax was a loss of 
  DKK 125.0 million (2008: DKK 52.6 million).

- The second-quarter result was eroded by non-recurring costs of
  DKK 40.4 million. 

- Equity at 30 June 2009 stood at DKK 647.9 million.

- Net interest-bearing debt at 30 June 2009 amounted to DKK 1,025.4 million.

- H+H expects a full-year loss before tax of around between DKK 160 and 
  DKK 190 million.

- The work of strengthening the capital base may lead to the Group getting 
  a new controlling shareholder. The considerations also include the 
  possibility of dissolution of the A/B share structure.

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


Anders C. Karlsson
Chairman of the Supervisory Board

Hans Gormsen
CEO


For additional information please contact:
Hans Gormsen, CEO, 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 shall prevail.

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