Skip to main content

H+H International A/S announces preliminary, unaudited financial results for 2021

Written by Customer Service on . Posted in Public Companies.

H+H International A/S (hereinafter referred to as “H+H” or “the Company”) hereby announces preliminary, unaudited financial results for the full year ended 31 December 2021. The preliminary financial results for 2021 are awaiting finalisation of the Company’s independent, customary audit procedures and are therefore subject to change. The preliminary, unaudited financial results for 2021 exceed the expectations set out in the most recent financial guidance for 2021 (see company announcement No. 449 of 10 November 2021):

  • Revenue growth before acquisitions and divestments measured in local currencies (“organic growth”) is expected to be around 13%, which differs from the previous guidance of an organic growth of around 11%.
  • Earnings before interest, tax, and special items (“EBIT before special items”) are expected to be around DKK 405 million, which differs from the previous guidance of DKK 375 million to DKK 400 million.

“I am pleased to see a very strong fourth-quarter performance with especially the Polish and Nordic markets exceeding our previous expectations to both pricing and volume. Following a slow start to the year driven by harsh winter conditions, the markets quickly recovered, and customer demand has been very high through the year. As a result, 2021 will be the strongest in the history of H+H with the highest-ever revenue and record earnings”, says CEO, Michael Troensegaard Andersen.

Release of 2021 Annual Report and full year 2021 conference call
H+H expects to publish its annual report for 2021 and full-year financial guidance for 2022 on Thursday 3 March 2022 as planned, with a teleconference for investors and analysts to be held at 10:00 a.m. (CET) on Friday 4 March 2022.

Kent Arentoft          Michael Troensegaard Andersen
Chairman          Chief Executive Officer


For further information please contact

Andreas Holkjær
Head of Investor Relations and Treasury
+45 24 48 03 67
aho@HplusH.com

H+H International A/S’s core activity is the manufacture and sale of wall building materials, with a revenue in 2020 of DKK 2,654 million. The main product lines are aircrete blocks and calcium silicate units used for the residential new building segment. H+H has 31 factories in Northern and Central Europe with a total output of more than 4 million cubic metres of products annually and has a leading position in most of its markets. H+H has more than 1,600 employees and is listed on Nasdaq Copenhagen.

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.