Denmark's H+H International Q1 revenue falls 15% on winter weather

H+H International A/S

12/05/2026 16:05

Overview

Denmark wall building materials maker's Q1 revenue fell 15% organically on severe winter weather

Q1 EBIT before special items was negative DKK 43 mln, with EBIT margin at -8%

Company maintains 2026 outlook for revenue growth between -5% and 0%

Outlook

H+H expects 2026 revenue growth in local currencies between -5% and 0%

Company sees 2026 EBIT before special items at DKK 50-100 mln

Company says recovery in activity levels since March supports confidence for rest of yr

Result Drivers

SEVERE WINTER WEATHER - Co said prolonged winter weather reduced construction activity, customer demand and plant utilization in Q1

LOW PLANT UTILIZATION - Co attributed lower gross margin to low plant utilization in Q1

Company press release: ID:nWkr11b3tC

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EBIT
-DKK 43 mln
Q1 Adjusted EBIT Margin
-8.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction materials peer group is "buy"

Wall Street's median 12-month price target for H+H International A/S is DKK113.00, about 6.8% above its May 11 closing price of DKK105.80

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 18 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)