Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

H+H International A/S Annual Report 2022: Strong performance in a challenging market environment


News provided by

H+H international A/S

01 Mar, 2023, 21:12 GMT

Share this article

Share toX

Share this article

Share toX

COPENHAGEN, Denmark, March 1, 2023 /PRNewswire/ -- H+H International A/S (hereinafter referred to as "H+H" or "the Company") hereby announces financial results for the full year ended 31 December 2022. The financial results for 2022 are within the range of the most recent financial guidance for 2022 (see company announcement No. 517 of 10 November 2022):
 

·  Revenue growth measured in local currencies ("organic growth") came in at 14% in line with recent guidance. Organic growth was mainly driven by sales price increases to counter the continued high inflation. It was offset by lower sales volumes as a result of planned upgrade of the Wittenborn factory in Germany as well as a softening of sales volumes in Poland which started in H2.

·  EBIT before special items reached all-time high DKK 455 million.

·  Q4, 2022 was impacted by lower volumes and higher production costs across our markets. EBIT before special items was DKK 58 million compared to DKK 94 million last year, corresponding to an EBIT margin before special items of 7% compared to 13% in 2021.

"I am pleased to see a very strong full-year result for 2022 where H+H reached its highest ever EBIT before special items of DKK 455 million. Following a strong start of 2022, we saw a change in market dynamics in the second half of the year. High inflation and increased market uncertainty led to lower demand for residential newbuild. We expect this to impact our volume growth by 10-15% and our earnings in 2023. We are well prepared to navigate in such environment", says CEO, Jörg Brinkmann.

SELECTED FINANCIAL HIGHLIGHTS FOR 2022

                                   

                                   

                                   

DKK million

                                   

 

 

2022

 

 

 

2021

 

                                   

                                   

Q4 2022

                                   

                                   

                                   

Q4 2021 

                                               

                                   

                                   

Revenue

                                   

 

 

3,604

 

 

 

3,020

 

 

 

810

 

 

 

731

 

                                   

                                   

Organic growth

                                   

 

 

14 %

 

 

 

13 %

 

 

 

9 %

 

 

 

11 %

 

                                   

                                   

Gross margin before special items

                                   

 

 

28 %

 

 

 

30 %

 

 

 

25 %

 

 

 

30 %

 

                                   

                                   

EBITDA before special items

                                   

 

 

657

 

 

 

591

 

 

 

111

 

 

 

139

 

                                   

                                   

EBIT before special items

                                   

 

 

455

 

 

 

408

 

 

 

58

 

 

 

94

 

                                   

                                   

EBITDA margin before special items

                                   

 

 

18 %

 

 

 

20 %

 

 

 

14 %

 

 

 

19 %

 

 

                                   

                                   

EBIT margin before special items

                                   

 

 

13 %

 

 

 

14 %

 

 

 

7 %

 

 

 

13 %

 

                                   

                                   

Return on invested capital, excluding goodwill

                                   

 

 

19 %

 

 

 

20 %

 

 

 

19 %

 

 

 

20 %

 

 

                                   

                                   

NIBD/EBITDA ratio before special items

                                   

                                   

                                   

0.7x

                                   

                                   

                                   

0.6x

                                   

                                   

                                   

0.7x

                                   

                                   

                                   

0.6x  

                                   

FINANCIAL OUTLOOK FOR 2023

           

·  Revenue growth measured in local currencies is expected to be around 0%

           

·  EBIT before special items is expected to be in the range of DKK 330-400 million

ANNUAL REPORT CONFERENCE CALL

In connection with the release of the 2022 Annual Report, a conference call for investors and analysts is scheduled for Thursday 2 March 2023, at 10:00 a.m. CET. On the call, CEO Jörg Brinkmann and CFO Peter Klovgaard-Jørgensen will present the Annual Report. The presentation will be followed by a Q&A session. Investors and analysts are invited to participate via phone (PIN code: 275042):

DK: +45 78 76 84 90

UK: +44 203 769 6819

US: +1 646 787 0157

           

·  Other participants can follow the conference call via live webcast here.

           

·  The presentation slides for the conference call will be made available beforehand here.

           

·  A replay of the conference call will be available afterwards on H+H's Investor Relations website here.

In addition to the Annual Report for 2022, the following documents have today been released and made available on the Group's website:

           

·  Sustainability Report for 2022

           

·  Annual Remuneration Report for 2022

           

·  Corporate Governance Statement for 2022

                                   

                                   

                                   

Kent Arentoft

                                   

                                   

                                   

Jörg Brinkmann

                                   

                                   

                                   

Peter Klovgaard-Jørgensen           

                                               

                                   

                                   

Chair

                                   

                                   

                                   

Chief Executive Officer

                                   

                                   

                                   

Chief Financial Officer

                                   

For further information please contact

Niclas Bo Kristensen

Head of Investor Relations and Treasury

+45 24 48 03 67

nbk@HplusH.com

Disclaimer
This document contains forward-looking statements. Such statements are subject to risks and uncertainties, as various factors, many of which are beyond the control of H+H International A/S, may cause actual developments and results to differ materially from the expectations expressed in this document. In no event shall H+H International A/S be liable for any direct, indirect or consequential damages or any other damages whatsoever resulting from loss of use, data or profits, whether in an action of contract, negligence or other action, arising out of or in connection with the use of information in this document.

H+H International A/S's core activity is the manufacture and sale of wall building materials, with a revenue in 2022 of DKK 3,604 million. The main product lines are aircrete blocks and calcium silicate units used for the residential new building segment. H+H has 32 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 1,700 employees and is listed on Nasdaq Copenhagen.

The following files are available for download:

https://mb.cision.com/Main/21438/3726161/1886084.pdf

HplusH_Annual_Report_2022

https://mb.cision.com/Main/21438/3726161/1886085.zip

HH-2022-12-31-en.zip

https://mb.cision.com/Public/21438/3726161/a17dbacdf15afbb9.xlsx

H H International AS Historical Financial Database YE 2022

https://mb.cision.com/Public/21438/3726161/a8b1b24541cd926c.pdf

H H International AS announces financial results for 2022

Modal title

Also from this source

Major shareholder announcement

In accordance with Section 30 of the Capital Markets Act it is hereby announced that Solbet Sp. Z o.o., Poland, today informed H+H International A/S...

Transactions for persons discharging managerial responsibilities - CEO Jörg Brinkmann have purchased shares in H+H International A/S

H+H International A/S has received notification pursuant to article 19 of EU Regulation no. 596/2014 of the below transaction(s) related to shares or ...

More Releases From This Source

Explore

Computer & Electronics

Computer & Electronics

Construction & Building

Construction & Building

Earnings

Earnings

Earnings

Earnings

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.