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Intreim financial report Q1 2008

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Company Announcement No. 172, 2008

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 2008


Interim financial report Q1 2008

- First-quarter revenue was DKK 416.2 million (2007: DKK 416.1 million).
 
- First-quarter EBITDA was DKK 68.8 million (2007: DKK 65.2 million). 

- First-quarter profit before tax was DKK 33.9 million (2007: DKK 31.4 million).

- Equity at 31 March 2008 was DKK 900.4 million. Equity was affected by buyback 
  of treasury shares to a total value of DKK 99.7 million during the period.

- Net interest-bearing debt at 31 March 2008 amounted to DKK 612 million.

- The 2008 outlook for the UK construction industry worsened significantly in
  April and May.

- Full-year profit before tax from the UK activities is expected to be in the
  region of DKK 0-10 million compared with DKK 67.9 million for 2007.

- Due to the projected decline in the level of construction activity in the UK, 
  the full-year 2008 outlook concerning profit before tax is lowered to the  
  DKK 140-160 million level compared with the previously announced DKK 180-200
  million level.
 
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, or Martin Busk Andersen, 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.

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