Denmark's H+H International Q2 organic revenue rises 6%
Denmark's H+H International Q2 organic revenue rises 6%
Overview
Denmark wall building materials maker's Q2 organic revenue grew 6%, sales volume up 4%
Adjusted EBIT before special items rose to DKK 43 mln, EBIT margin improved to 6%
Company reported DKK 49 mln in net proceeds from asset sales
Outlook
H+H International expects 2026 revenue growth in local currencies of -5% to 0%
Company maintains 2026 EBIT before special items guidance of DKK 50-100 mln
Company says market conditions remain challenging, particularly in the UK
Result Drivers
POLAND SALES - Sales volume growth in Q2 was driven by Poland
GERMAN RESTRUCTURING - Co said expected benefits from German restructuring programme supported results
UK MARKET CHALLENGES - Co adjusted shift systems at UK plants due to ongoing market challenges
Company press release: ID:nWkr2JyyDM
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted EBIT |
| DKK 43 mln |
|
Q2 Adjusted EBIT Margin |
| 6.00% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "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 DKK142.00, about 43.4% above its August 10 closing price of DKK99.00
The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 24 three months ago
Reuters Recommended Reads
Aug 10 - UK's Marshalls reports higher profit on cost cuts, says market recovery unlikely in 2026
Aug 11 - UK's Genuit H1 profit falls on war-related inflation
Aug 10 - Brazilian steelmaker CSN reviews binding bids for cement business CSN Cimentos
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)