Reported Earnings • May 13
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: kr.2.80 loss per share (further deteriorated from kr.0.70 loss in 1Q 2025). Revenue: kr.560.0m (down 17% from 1Q 2025). Net loss: kr.47.0m (loss widened 292% from 1Q 2025). Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) missed analyst estimates by 7.7%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Price Target Changed • Apr 22
Price target increased by 34% to kr.113 Up from kr.84.50, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of kr.112. Stock is down 0.5% over the past year. The company is forecast to post a net loss per share of kr.0.21 next year compared to a net loss per share of kr.40.52 last year. New Risk • Apr 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.4% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Annuncio • Mar 13
H+H International A/S, Annual General Meeting, Apr 14, 2026 H+H International A/S, Annual General Meeting, Apr 14, 2026, at 11:00 Romance Standard Time. Location: copenhagen marriott hotel, kalvebod brygge 5, 1560 copenhagen v, copenhagen Denmark Recent Insider Transactions • Mar 08
CEO & Member of Executive Board recently bought kr.1.5m worth of stock On the 4th of March, Jorg Brinkmann bought around 18k shares on-market at roughly kr.83.60 per share. This transaction amounted to 70% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jorg has been a buyer over the last 12 months, purchasing a net total of kr.2.4m worth in shares. Reported Earnings • Mar 05
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: kr.40.30 loss per share (further deteriorated from kr.3.24 loss in FY 2024). Revenue: kr.2.74b (flat on FY 2024). Net loss: kr.662.0m (loss widened kr.609.0m from FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.8%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. New Risk • Nov 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.2% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (6.3% average weekly change). Price Target Changed • Nov 13
Price target decreased by 8.8% to kr.98.00 Down from kr.108, the current price target is an average from 2 analysts. New target price is 15% above last closing price of kr.85.10. Stock is up 6.2% over the past year. The company is forecast to post a net loss per share of kr.41.57 next year compared to a net loss per share of kr.3.24 last year. Reported Earnings • Nov 12
Third quarter 2025 earnings released: kr.0.70 loss per share (vs kr.1.00 profit in 3Q 2024) Third quarter 2025 results: kr.0.70 loss per share (down from kr.1.00 profit in 3Q 2024). Revenue: kr.738.0m (up 1.2% from 3Q 2024). Net loss: kr.12.0m (down 171% from profit in 3Q 2024). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 1.0% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Annuncio • Nov 01
H+H International A/S Updates Earnings Guidance for the Year 2025 H+H International A/S updated earnings guidance for the Year 2025. For the period, the company now expects organic growth of around 0% (previously around 4%) and EBIT before special items in the range of DKK 85-115 million (previously DKK 100-150 million). The downward adjustment reflects challenging market conditions in the UK, following a sudden slowdown in October. The first nine months of the year developed positively and in line with expectations, however, recent reports from housebuilders indicate a sharp decline in sales rates, prompting them to hold back on new projects to manage elevated stock levels after an earlier period of strong construction activity. This has resulted in fewer new site starts and lower turnover. Annuncio • Aug 13
H+H International A/S Provides Earnings Guidance for the Year 2025 H+H International A/S provided earnings guidance for the year 2025. For the year, the company expects Organic revenue growth for 2025 is expected to be around 4% and EBIT before special items is expected to be in the range of DKK 100 million to 150 million. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to kr.136, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 13x in the Basic Materials industry in Europe. Total loss to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at kr.232 per share. New Risk • May 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Danish stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Large one-off items impacting financial results. Reported Earnings • May 21
First quarter 2025 earnings released: kr.0.70 loss per share (vs kr.8.12 loss in 1Q 2024) First quarter 2025 results: kr.0.70 loss per share (improved from kr.8.12 loss in 1Q 2024). Revenue: kr.675.0m (up 4.8% from 1Q 2024). Net loss: kr.12.0m (loss narrowed 91% from 1Q 2024). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Annuncio • May 21
H+H International A/S Unchange Earnings Guidance for the Full Year 2025 H+H International A/S unchanged earnings guidance for the full year 2025. For the year, the company Organic revenue growth for 2025 is expected to be in the range between 5% to 10%. EBIT before special items is expected to be in the range of DKK 120 million to DKK 180 million. Annuncio • Apr 08
H+H International A/S Announces Board Appointments H+H International A/S at its AGM held on April 8, 2025 to elect Peter Thostrup to the company's Board of Directors. After the annual general meeting, the Board of Directors elected Miguel Kohlmann as its Chair and Peter Thostrup as its Vice Chair. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Director Jens-Peter Saul was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 11
Independent Director recently sold kr.415k worth of stock On the 5th of March, Jens-Peter Saul sold around 4k shares on-market at roughly kr.107 per share. This transaction amounted to 62% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Mar 10
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: kr.3.24 loss per share (improved from kr.15.19 loss in FY 2023). Revenue: kr.2.75b (up 2.8% from FY 2023). Net loss: kr.53.0m (loss narrowed 79% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 78%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. New Risk • Mar 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change). Price Target Changed • Mar 06
Price target increased by 9.9% to kr.107 Up from kr.97.33, the current price target is an average from 3 analysts. New target price is 11% below last closing price of kr.120. Stock is up 71% over the past year. The company is forecast to post a net loss per share of kr.1.80 next year compared to a net loss per share of kr.15.19 last year. Annuncio • Mar 06
H+H International A/S, Annual General Meeting, Apr 08, 2025 H+H International A/S, Annual General Meeting, Apr 08, 2025. Annuncio • Mar 05
H+H International A/S Announces Stepping Down of Kent Arentoft from Board of Directors H+H International A/S announces the following: Chair Kent Arentoft has informed the Board of Directors that he will step down at the coming annual general meeting on 8 April 2025 and leave the Board of Directors. Kent Arentoft has acted as Chair since April 2013 when he was first elected as board member. Reported Earnings • Nov 20
Third quarter 2024 earnings released: EPS: kr.1.00 (vs kr.1.80 loss in 3Q 2023) Third quarter 2024 results: EPS: kr.1.00 (up from kr.1.80 loss in 3Q 2023). Revenue: kr.729.0m (up 4.3% from 3Q 2023). Net income: kr.17.0m (up kr.47.0m from 3Q 2023). Profit margin: 2.3% (up from net loss in 3Q 2023). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Annuncio • Aug 14
H+H International A/S Narrows Earnings Guidance for 2024 H+H International A/S narrowed earnings guidance for 2024. For the year, Revenue growth measured in local currencies is expected to around 0% (from -5% to +5%). EBIT before special items is expected to be in the range of DKK million 50 to DKK 100 million (from DKK 50 million to DKK 150 million). Annuncio • Jul 15
H+H International A/S Resumes Operations at the Borough Green Production Facility in the UK As informed by H+H International A/S ("H+H") in company announcement no. 560 of 5 July 2024, production at H+H UK Limited's Borough Green production facility was ceased due to the unexpected withdrawal of the certification for operating the autoclaves. The company has worked extensively to regain the certifications and the autoclaves have now passed the relevant safety tests and are back in operation. Consequently, production can now be ramped-up step-by-step. Until now and during the coming ramp-up phase the expected financial loss (EBIT before special items) of the lost production and directly related costs are in the region of DKK 10-15 million. Annuncio • Jul 09
H+H International A/S Provides Update on Temporarily Closed Production Facility in Borough Green, Uk As informed by H+H International A/S ("H+H") in company announcement no. 560, published 5 July 2024, a routine inspection at H+H UK Limited's Borough Green production facility led to the unexpected outcome that certification for operating the autoclaves under the UK Pressure Systems Safety Regulations 2000 were withdrawn, leading to an immediate cease of production. Health and safety is a top priority for H+H. They are working relentlessly on getting production up and running as soon as possible in a safe manner, and remain in continuous dialogue with inspectors to resolve the issue and regain certification within a short timeframe. Health and safety is a top priority for H+H. Until a plan for resolution of the issue is established, it is not possible to estimate when production can resume. Consequently, the total financial impact of the closure of the production cannot be estimated at this point in time. New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Share price has been volatile over the past 3 months (6.2% average weekly change). Reported Earnings • May 20
First quarter 2024 earnings released: kr.7.90 loss per share (vs kr.0.30 loss in 1Q 2023) First quarter 2024 results: kr.7.90 loss per share (further deteriorated from kr.0.30 loss in 1Q 2023). Revenue: kr.644.0m (flat on 1Q 2023). Net loss: kr.129.0m (loss widened kr.124.0m from 1Q 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Annuncio • May 16
H+H International A/S Provides Earnings Guidance for Full Year 2024 H+H International A/S provided earnings guidance for full year 2024. For the period company's revenue growth measured in local currencies is expected to be ranging from -5% to +5% and EBIT before special items is expected to be in the range of DKK 50 million to DKK 150 million. The financial outlook for 2024 is based on the following specific assumptions: Building activity in line with 2023 level, Price discipline maintained in key markets, Exchange rates, primarily GBP, EUR and PLN remain at mid-May 2024 levels. Major Estimate Revision • May 09
Consensus EPS estimates fall by 24% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -kr.5.23 to -kr.6.47 per share. Revenue forecast unchanged at kr.2.70b. Basic Materials industry in Denmark expected to see average net income growth of 7.6% next year. Consensus price target of kr.70.00 unchanged from last update. Share price rose 10% to kr.80.80 over the past week. Major Estimate Revision • Mar 24
Consensus EPS estimates fall by 279% The consensus outlook for fiscal year 2024 has been updated. 2024 expected loss increased from -kr.1.34 to -kr.5.09 per share. Revenue forecast unchanged at kr.2.72b. Basic Materials industry in Denmark expected to see average net income growth of 5.2% next year. Consensus price target down from kr.77.00 to kr.70.00. Share price was steady at kr.66.20 over the past week. Price Target Changed • Mar 07
Price target increased by 14% to kr.77.00 Up from kr.67.50, the current price target is provided by 1 analyst. New target price is 9.2% above last closing price of kr.70.50. Stock is down 33% over the past year. The company is forecast to post earnings per share of kr.2.40 next year compared to a net loss per share of kr.15.00 last year. Annuncio • Mar 07
H+H International A/S Provides Earnings Guidance for the Year 2024 H+H International A/S provided earnings guidance for the year 2024. For the year 2024, the company’s revenue growth measured in local currencies is expected to be ranging from -5% to +5%. EBIT before special items is expected to be in the range of DKK 50 million to DKK 150 million. Reported Earnings • Mar 07
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: kr.15.00 loss per share (down from kr.17.15 profit in FY 2022). Revenue: kr.2.67b (down 26% from FY 2022). Net loss: kr.248.0m (down 182% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Annuncio • Mar 06
H+H International A/S Appoints Bjarne Pedersen as New Group CFO, Effective 1 April 2024 H+H International A/S announced the appointment of Bjarne Pedersen as the new Group CFO and member of the Executive Management, effective 1 April 2024. Bjarne succeeds Peter Klovgaard-Jørgensen, who will stay with H+H, until end of April 2024, ensuring a smooth handover. Bjarne Pedersen joined H+H with an auditing and banking background and has worked for H+H for more than 15 years. Bjarne has held various managerial roles across H+H, including responsibilities in areas such as Corporate Finance, IT, Investor Relations, and most recently as Chief Strategy Officer. Bjarne Pedersen is 46 years old and holds a Master of Science (MSc) in Business Administration and Auditing. Recent Insider Transactions • Dec 06
CEO & Member of Executive Board recently bought kr.307k worth of stock On the 30th of November, Jorg Brinkmann bought around 4k shares on-market at roughly kr.76.84 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Jorg has been a buyer over the last 12 months, purchasing a net total of kr.1.1m worth in shares. Annuncio • Nov 30
H+H International A/S Announces Resignation of Peter Klovgaard-Jørgensen as Member of Executive Board, Effective End of May 2024 H+H International A/S announced resignation of Peter Klovgaard-Jørgensen as member of executive board to take up a CFO position in another company. Peter Klovgaard-Jørgensen has worked as CFO in H+H since 2019. Peter will remain in his position until end of May 2024, and a recruitment process for a new CFO will now be initiated. Reported Earnings • Nov 19
Third quarter 2023 earnings released: kr.1.80 loss per share (vs kr.4.40 profit in 3Q 2022) Third quarter 2023 results: kr.1.80 loss per share (down from kr.4.40 profit in 3Q 2022). Revenue: kr.699.0m (down 24% from 3Q 2022). Net loss: kr.30.0m (down 139% from profit in 3Q 2022). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 18% per year. Annuncio • Nov 18
H+H International A/S Revises Earnings Guidance for the Year 2023 H+H International A/S revised earnings guidance for the full year 2023. For the year, the company’s sales volume expected to decrease around -35%. EBIT before special items is expected within the range of DKK 30 million - DKK 80 million, previous estimate of DKK 30 million - DKK 100 million. New Risk • Nov 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Recent Insider Transactions • Aug 21
CEO & Member of Executive Board recently bought kr.760k worth of stock On the 17th of August, Jorg Brinkmann bought around 10k shares on-market at roughly kr.76.01 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Jorg's only on-market trade for the last 12 months. New Risk • Aug 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Annuncio • Aug 17
H+H International A/S Revises Earnings Guidance for the Full Year 2023 H+H International A/S revised earnings guidance for the full year 2023. For the year, the company’s sales volume decrease of approximately -30% to -35% across markets. EBIT before special items is expected within the range of DKK 30 million - DKK 100 million, down from the previous estimate of DKK 100 million - DKK 175 million. New Risk • Aug 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 16
Second quarter 2023 earnings released: kr.5.80 loss per share (vs kr.7.40 profit in 2Q 2022) Second quarter 2023 results: kr.5.80 loss per share (down from kr.7.40 profit in 2Q 2022). Revenue: kr.731.0m (down 27% from 2Q 2022). Net loss: kr.101.0m (down 178% from profit in 2Q 2022). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Basic Materials industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Jul 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Danish stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Profit margins are more than 30% lower than last year (6.8% net profit margin). Major Estimate Revision • Jun 20
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from kr.3.13b to kr.3.07b. Now expected to report a loss of kr.2.05 per share instead of kr.0.714 per share profit previously forecast. Basic Materials industry in Denmark expected to see average net income growth of 4.2% next year. Consensus price target of kr.195 unchanged from last update. Share price fell 14% to kr.86.40 over the past week. Buying Opportunity • Jun 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be kr.110, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 0.09% per annum. Earnings is also forecast to grow by 13% per annum over the same time period. Major Estimate Revision • May 28
Consensus EPS estimates have been upgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from kr.3.06b to kr.3.13b. Forecast to become profitable, with EPS estimate increasing from -kr.0.212 to kr.0.714 per share. Basic Materials industry in Denmark expected to see average net income growth of 0.6% next year. Consensus price target down from kr.163 to kr.143. Share price rose 8.6% to kr.106 over the past week. Annuncio • May 26
SOLBET Spolka z o.o. acquired an unknown minority stake in H+H International A/S. SOLBET Spolka z o.o. acquired an unknown minority stake in H+H International A/S on May 23, 2023.SOLBET Spolka z o.o. completed the acquisition of an unknown minority stake in H+H International A/S on May 23, 2023. Price Target Changed • May 24
Price target decreased by 15% to kr.143 Down from kr.168, the current price target is an average from 2 analysts. New target price is 38% above last closing price of kr.103. Stock is down 36% over the past year. The company is forecast to post a net loss per share of kr.0.21 compared to earnings per share of kr.17.15 last year. Reported Earnings • May 11
First quarter 2023 earnings released: kr.0.30 loss per share (vs kr.3.90 profit in 1Q 2022) First quarter 2023 results: kr.0.30 loss per share (down from kr.3.90 profit in 1Q 2022). Revenue: kr.641.0m (down 27% from 1Q 2022). Net loss: kr.5.00m (down 107% from profit in 1Q 2022). Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in Europe are expected to grow by 3.0%. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Mar 22
Consensus revenue estimates increase by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from kr.3.01b to kr.3.36b. EPS estimate unchanged from kr.11.09 at last update. Basic Materials industry in Denmark expected to see average net income decline 6.6% next year. Consensus price target of kr.160 unchanged from last update. Share price rose 6.6% to kr.111 over the past week. Price Target Changed • Mar 06
Price target decreased by 29% to kr.160 Down from kr.225, the current price target is an average from 2 analysts. New target price is 45% above last closing price of kr.110. Stock is down 35% over the past year. The company is forecast to post earnings per share of kr.18.21 for next year compared to kr.17.51 last year. Price Target Changed • Mar 03
Price target decreased by 8.3% to kr.220 Down from kr.240, the current price target is provided by 1 analyst. New target price is 91% above last closing price of kr.115. Stock is down 37% over the past year. The company is forecast to post earnings per share of kr.18.21 for next year compared to kr.17.51 last year. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: kr.4.40 (vs kr.4.70 in 3Q 2021) Third quarter 2022 results: EPS: kr.4.40 (down from kr.4.70 in 3Q 2021). Revenue: kr.920.0m (up 13% from 3Q 2021). Net income: kr.78.0m (down 8.2% from 3Q 2021). Profit margin: 8.5% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.2% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in Europe are expected to grow by 1.1%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: kr.4.40 (vs kr.4.70 in 3Q 2021) Third quarter 2022 results: EPS: kr.4.40 (down from kr.4.70 in 3Q 2021). Revenue: kr.920.0m (up 13% from 3Q 2021). Net income: kr.78.0m (down 8.2% from 3Q 2021). Profit margin: 8.5% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.2% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in Europe are expected to grow by 1.3%. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Nov 10
H+H International A/S Provides Earnings Guidance for the Full Year 2022 H+H International A/S provided earnings guidance for the full year 2022. For the period, the company expects revenue growth before acquisitions and divestments measured in local currencies (organic growth) is expected to be around 15% (previously 15% to 20%). EBIT before special items is expected to be in the range of DKK 440 million to DKK 470 million (previously DKK 440 million to DKK 520 million). Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorated over the past week After last week's 20% share price decline to kr.121, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Basic Materials industry in Europe. Total returns to shareholders of 21% over the past three years. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: kr.7.40 (vs kr.5.20 in 2Q 2021) Second quarter 2022 results: EPS: kr.7.40 (up from kr.5.20 in 2Q 2021). Revenue: kr.1.00b (up 20% from 2Q 2021). Net income: kr.129.0m (up 39% from 2Q 2021). Profit margin: 13% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.5%, compared to a 4.7% growth forecast for the Basic Materials industry in Denmark. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annuncio • Aug 18
H+H International A/S Provides Earnings Guidance for the Financial Year 2022 H+H International A/S provided earnings guidance for the financial year 2022. For the period,the company expects Revenue growth before acquisitions and divestments measured in local currencies (organic growth) to be in the range of 15% to 20%. EBIT before special items is expected to be in the range of DKK 440 million to DKK 520 million. Price Target Changed • May 18
Price target increased to kr.330 Up from kr.300, the current price target is an average from 2 analysts. New target price is 104% above last closing price of kr.162. Stock is down 16% over the past year. The company is forecast to post earnings per share of kr.20.91 for next year compared to kr.17.51 last year. Major Estimate Revision • May 17
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from kr.3.61b to kr.3.73b. EPS estimate increased from kr.18.47 to kr.20.91 per share. Net income forecast to shrink 1.4% next year vs 10% growth forecast for Basic Materials industry in Denmark . Consensus price target of kr.300 unchanged from last update. Share price rose 2.8% to kr.160 over the past week. Reported Earnings • May 06
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: kr.3.90 (up from kr.2.70 in 1Q 2021). Revenue: kr.874.0m (up 36% from 1Q 2021). Net income: kr.68.0m (up 39% from 1Q 2021). Profit margin: 7.8% (up from 7.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 11%, compared to a 8.6% growth forecast for the industry in Denmark. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year.