Interim financial report Q1 2010

Company Announcement No. 223, 2010

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

27 May 2010


Interim financial report Q1 2010.

Financial highlights for the period 1 January - 31 March 2010.

- First-quarter revenue was DKK 236 million (2009: DKK 221 million).

- First-quarter EBITDA was a loss of DKK 31 million (2009: profit of DKK 2
million). 

- The first-quarter result before tax was a loss of DKK 75 million (2009: loss
of DKK 38 million). 

- Equity at 31 March 2010 stood at DKK 949 million.

- Net interest-bearing debt at 31 March 2010 amounted to DKK 678 million. 

- Unchanged outlook for 2010. The result before tax is consequently expected to
be a loss, although somewhat smaller than the DKK 158.5 million loss for 2009
before tax and special items. Free cash flows are expected to be neutral. Total
investments are expected to be less than DKK 50 million. 

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


Anders C. Karlsson
Chairman of the Board of Directors

Hans Gormsen
CEO


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