Brief: H+H International A/S - Q1 EBITDA Of Dkk 109 Million

H+H International A/S

12/05/2021 12:50

May 12 (Reuters) - H+H International A/S  HHDC.CO :
    * Q1 NET PROFIT 49 MILLION DKK
    * Q1 EARNINGS PER SHARE 2.70 DKK
    * INDUSTRY HIT BY STRONGEST WEATHER IMPACT IN A DECADE
    * VERY LOW TEMPERATURES AND SEVERAL DAYS OF SNOWFALL, ESPECIALLY IN GERMANY AND POLAND,
ADVERSELY
IMPACTING ACTIVITY LEVELS
    * Q1 REVENUE DECREASED BY 9% TO DKK 642 MILLION (DKK 704 MILLION)
    * Q1 EBITDA OF DKK 109 MILLION (DKK 130 MILLION)
    * OUTLOOK FOR 2021 * REVENUE GROWTH BEFORE ACQUISITIONS AND DIVESTMENTS MEASURED IN LOCAL
CURRENCIES (ORGANIC GROWTH) IS EXPECTED TO BE IN RANGE 2% TO 7% (PREVIOUSLY 0% TO 5%)
    * Q1 EBIT OF DKK 64 MILLION (DKK 85 MILLION)
    * COVID-19 PANDEMIC IS NOT EXPECTED TO HAVE ANY MATERIAL IMPACT ON CONSTRUCTION ACTIVITY
LEVELS OR
SUPPLY CHAINS
    * 2021 REVENUE GROWTH BEFORE ACQUISITIONS AND DIVESTMENTS IS EXPECTED TO BE IN RANGE 2% TO
7%
(PREVIOUSLY 0% TO 5%)
    * OUTLOOK 2021: EXCHANGE RATES, PRIMARILY GBP, EUR AND PLN REMAIN AT MID-MAY 2021 LEVELS
    * OUTLOOK 2021: ENERGY AND RAW MATERIAL PRICES INCREASE AT GREATER LEVELS THAN CURRENT
INFLATION

Source text for Eikon:  ID:nGNEbtg5WT 
Further company coverage:  HHDC.CO 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))