Introduction to H+H International A/S and Financial Update
Today, we explore the interim financial report for H+H International A/S, shedding light on their recent results for the first quarter of 2025. The company has shown resilience despite market challenges and maintains an optimistic outlook for the remainder of the year.
CEO Insights on Market Performance
CEO Jörg Brinkmann expressed that the company kicked off the year with strong expectations, particularly noting positive developments in the UK housing sector. He mentioned the firm’s commitment to rebuilding capacity to satisfy growing long-term demand. The second half of 2025 is anticipated to see full margin benefits from these improvements.
Performance in Key Markets
In Poland, despite a challenging comparison to last year's impressive Q1, the underlying business fundamentals appear robust. Meanwhile, Germany continues to face obstacles, and the company has yet to unlock its full potential there. Brinkmann noted that the team is closely monitoring governmental regulations that could pave the way for a revival in new construction.
Financial Highlights for Q1 2025
Turning to the numbers, H+H International A/S reported revenue growth in local currencies at 3%, a commendable turnaround from last year’s negative performance. However, the overall sales volume dipped by 2%, a trend exacerbated by the situations in Poland and Germany, although the UK market offered some offsetting support.
Detailed Financial Performance Metrics
In terms of profitability, the gross profit before special items rose significantly to DKK 146 million, resulting in a higher gross margin of 22%, primarily driven by increased sales prices and normalized input costs. Additionally, EBIT before special items reached DKK 16 million, translating to an EBIT margin of 2%, a notable improvement from a previous negative margin.
Outlook and Expectations for 2025
The financial outlook for 2025 remains optimistic, as the company expects organic revenue growth to fall between 5% and 10%. Furthermore, they anticipate EBIT before special items to range from DKK 120 million to DKK 180 million. These projections signal the company’s confidence in its strategic direction.
Upcoming Conference Call for Stakeholders
In conjunction with the Q1 2025 Interim Financial Report release, H+H International A/S has scheduled a conference call for investors and analysts. This event will take place on a Wednesday morning, providing attendees with insights into the company's performance and strategic initiatives, followed by a Q&A session.
Contact Information for Further Inquiries
For any further information, stakeholders may reach out to Niclas Bo Kristensen, who is the Head of Investor Relations & Treasury. The company encourages open communication to address any inquiries regarding their ongoing operations and financial standing.
Frequently Asked Questions
What did H+H International A/S report for Q1 2025?
The company reported a 3% revenue growth in local currencies and improved profitability metrics.
Who is the CEO of H+H International A/S?
The CEO of H+H International A/S is Jörg Brinkmann.
What is the financial outlook for H+H International A/S in 2025?
The company expects organic revenue growth of 5% to 10% and EBIT between DKK 120 million and 180 million.
How can I participate in the conference call?
The conference call can be attended via a live webcast; dial-in details are also provided in announcements.
Who to contact for investor relations?
For inquiries regarding investor relations, Niclas Bo Kristensen is available for contact at the company's investor relations department.
