Brief: H+H International Sees Prelim 2020 EBIT Before Special Items At Around DKK 330 Mln

H+H International A/S

28/01/2021 14:22

Jan 28 (Reuters) - H+H International A/S  HHDC.CO :
    * REG-H+H INTERNATIONAL A/S ANNOUNCES PRELIMINARY, UNAUDITED
FINANCIAL RESULTS FOR 2020
    * REVENUE GROWTH BEFORE ACQUISITIONS, DIVESTMENTS AND
MEASURED IN
LOCAL CURRENCIES FOR FULL YEAR 2020 IS EXPECTED TO BE AROUND
-6%, WHICH DIFFERS FROM PREVIOUS GUIDANCE OF -8% TO -12%
    * 2020 EBIT BEFORE SPECIAL ITEMS ARE EXPECTED TO BE AROUND
DKK 330
MILLION, WHICH DIFFERS FROM PREVIOUS GUIDANCE OF DKK 290 TO 320
MILLION
    * 2020 EBIT MARGIN BEFORE SPECIAL ITEMS IS EXPECTED TO BE
BETWEEN
12% AND 13%
    * 2020 INVESTMENTS, EX. ACQUISITIONS, DIVESTMENTS AND IFRS
16
EFFECT, SEEN AT ABOUT DKK 130 MILLION (PREVIOUSLY GUIDED RANGE
DKK 120 TO 130 MILLION)
    * STRONG FOURTH-QUARTER PERFORMANCE ACROSS ALL MARKETS
    * POLISH MARKET, AND ESPECIALLY AIRCRETE SEGMENT,
EXPERIENCED A
STRONGER FINISH TO YEAR THAN INITIALLY EXPECTED

Source text for Eikon:  ID:nGNEbZMz2P 
Further company coverage:  HHDC.CO 

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