Interim financial report for H1 2020, including reinstated 2020 outlook - Seite 2

Due to the recovery and more clarity of the UK market, H+H reintroduces outlook for 2020.  Although volumes are partly returning in the UK market, the level of visibility in relation to volumes for the second half of 2020 remains limited. The Group foresees a softening of the other markets in H2 as initially expected.  Any resurgence of covid-19 is not expected to have nationwide impact in our markets. As low visibility persists due to covid-19, the range for expected revenue is wider than under normal circumstances.  

• Revenue growth before acquisitions and measured in local currencies is expected to be in the range -16% to -8%
• EBIT before special items is expected to be DKK 250-300 million
• Investments, excluding acquisitions, divestments and IFRS 16 effect, are expected to be DKK 100-130 million

Investor and analyst teleconference

H+H International A/S will host an investor and analyst teleconference on 14 August 2020 at 10:00 CEST.

To attend the conference call, please see details below.

The conference call will be available at: https://hplush.eventcdn.net/2020q2/

Investors and analysts are invited to participate by phone

DK: [phone]
UK [phone]
US: [phone]

 

For further information please contact:

CFO Peter Klovgaard-Jørgensen or IR Manager Cristina Rønde Hefting, on telephone [phone].

H+H’s core activity is the manufacture and sale of wall building materials, with a revenue in 2019 of DKK 2.8 billion. The main product lines are aircrete blocks and calcium silicate units used for the residential new building segment. H+H has 29 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

• 395 -Interim financial report H1 2020