Company Announcement No. 175, 2008
H+H International A/S
Dampfærgevej 27-29, 4th Floor
2100 Copenhagen Ø
Denmark
Telephone: +45 35 27 02 00
www.HplusH.com
28 August 2008
Interim financial report H1 2008
- Second-quarter revenue was DKK 404.9 million (2007: DKK 532.6 million).
First-half revenue was DKK 821.1 million (2007: DKK 948.7 million)
- Second-quarter EBITDA was DKK 52.2 million (2007: DKK 124.6 million).
First-half EBITDA was DKK 121.0 million (2007: DKK 189.8 million)
- Second-quarter profit before tax was DKK 18.7 million (2007:
DKK 82.3 million). First-half profit before tax was DKK 52.6 million
(2007: DKK 113.7 million)
- The UK capacity will be further adjusted by temporarily closing one factory
- Equity at 30 June 2008 stood at DKK 897.1 million
- Net interest-bearing debt at 30 June 2008 amounted to DKK 786 million
- The outlook for 2008 full-year profit before tax is lowered to the
DKK 40-60 million range from previously DKK 140-160 million
- The lowered profit outlook reflects negative development in both sales and
pricing of aircrete in the Group's principal markets
Please see attached pdf file for full version of the interim financial 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.
