Copenhagen, Denmark, 2015-08-19 13:39 CEST (GLOBE NEWSWIRE) --
H+H International A/S
Dampfærgevej 3, 3rd Floor
2100 Copenhagen Ø
Denmark
Tel.: +45 35 27 02 00
www.HplusH.com
Company reg. no. 49 61 98 12
Highlights for the period 1 January to 30 June 2015
- Second-quarter revenue was DKK 443 million (2014: DKK 361 million). Organic revenue growth was 11.2% (adjusted for acquisitions and measured in local currency). First-half revenue was DKK 786 million (2014: DKK 651 million).
- Second-quarter EBITDA was DKK 59.2 million before special items (2014: DKK 49.3 million). First-half EBITDA was DKK 78.3 million before special items (2014: DKK 57.9 million).
- EBIT for the second quarter was DKK 32.3 million (2014: DKK 27.5 million). The EBIT margin before special items was 7.3%. First-half EBIT was DKK 59.6 million (2014: DKK 13.3 million).
- The second quarter brought a net profit of DKK 14.4 million (2014: DKK 6.9 million), and the first half a net profit of DKK 25.7 million (2014: loss of DKK 22.8 million).
- Investments of DKK 10.0 million were made in the second quarter (2014: DKK 9.2 million), and DKK 25.7 million in the first half (2014: DKK 21.8 million).
- The integration of Grupa Prefabet is running to schedule.
- Net interest-bearing debt at 30 June 2015 was DKK 560 million (30 June 2014: DKK 595 million).
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H+H updates its outlook for 2015:
- Organic revenue growth is expected to be in the region of 10%, against the previously announced 6-8%.
- EBITDA before special items is expected to be DKK 160-180 million, against the previously announced DKK 150-170 million.
- EBIT margin is expected to be 4-5%, against the previously announced 3-4%.
- Investments excluding acquisitions and divestments are expected to be DKK 60 million, including DKK 20 million to support the restructuring in Poland.
Quote:
"Market developments have been positive in all markets except Russia," says Michael T Andersen, CEO. "In combination with a stable performance in our production, we see earnings being higher than expected, and the trend looks set to continue throughout the year. This gives grounds for an improved outlook for the full year.”
Please see attached PDF for full version of the report.
Kent Arentoft
Chairman of the Board of Directors
Michael T Andersen
CEO
For additional information please contact:
Michael T Andersen, CEO, or Bjarne Pedersen, Vice President, Business Development & IR,
tel.: +45 35 27 02 00.
