Denmark's H+H prelim Q4 revenue falls

H+H International A/S

26/02/2026 12:44

Overview

Denmark wall building materials maker's prelim Q4 2025 revenue fell to DKK 611 mln

EBIT before special items improved to DKK 112 mln in 2025 from DKK 63 mln in 2024

Company expects 2026 market conditions to remain unchanged, with Q1 impacted by severe winter

Outlook

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

Company forecasts 2026 EBIT before special items of DKK 50 to 100 mln

Extreme winter weather to negatively impact Q1 earnings and 2026 outlook

Result Drivers

STRONG MARKETS - Poland, UK, and Switzerland showed strong performance, contributing positively to EBIT

GERMAN CHALLENGES - German market remained loss-making despite cost savings from restructuring

WEATHER IMPACT - Severe winter weather expected to negatively impact Q1 2026 earnings

Company press release: ID:nWkr9h1FC7

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
DKK 611 mln
Q4 Adjusted EBITDA
DKK 2.80 mln
Q4 Adjusted EBIT
DKK 19 mln
Q4 Adjusted EBIT Margin
3.00%
Q4 Organic Growth
-5.00%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "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 DKK86.00, about 2.5% above its February 25 closing price of DKK83.90

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

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.)