Brief: H+H International Reports Q2 Revenue Of DKK 596 Mln Vs DKK 770 Mln

H+H International A/S

12/08/2020 17:51

Aug 12 (Reuters) - H+H International A/S  HHDC.CO :
    * INTERIM FINANCIAL REPORT FOR H1 2020, INCLUDING REINSTATED
2020
OUTLOOK
    * QTRLY REVENUE    DKK 596 MILLION VERSUS DKK 770 MILLION
    * DUE TO RECOVERY AND MORE CLARITY OF UK MARKET, H+H
REINTRODUCES
OUTLOOK FOR 2020
    * Q2 EBIT BEFORE SPECIAL ITEMS DKK 57 MILLION VERSUS DKK 114
MILLION
    * ALTHOUGH VOLUMES ARE PARTLY RETURNING IN UK, LEVEL OF
VISIBILITY
IN RELATION TO VOLUMES FOR H2 2020 REMAINS LIMITED
    * GROUP FORESEES A SOFTENING OF OTHER MARKETS IN H2 AS
INITIALLY
EXPECTED
    * 2020 EBIT BEFORE SPECIAL ITEMS IS EXPECTED TO BE DKK
250-300
MILLION
    * 2020 INVESTMENTS, EXCLUDING ACQUISITIONS, DIVESTMENTS AND
IFRS
16 EFFECT, ARE EXPECTED TO BE DKK 100-130 MILLION
    * 2020 REVENUE FALL BEFORE ACQUISITIONS AND MEASURED IN
LOCAL
CURRENCIES EXPECTED TO BE IN RANGE 16% TO 8%

Source text for Eikon:  ID:nGNE7RjHp7 
Further company coverage:  HHDC.CO 

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