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.
