View ValuationH+H International 将来の成長Future 基準チェック /36H+H International利益と収益がそれぞれ年間120.4%と4.5%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に10.6% 120.5%なると予測されています。主要情報120.4%収益成長率120.47%EPS成長率Basic Materials 収益成長17.9%収益成長率4.5%将来の株主資本利益率10.59%アナリストカバレッジLow最終更新日17 Jun 2026今後の成長に関する最新情報お知らせ • Nov 01H+H International A/S Updates Earnings Guidance for the Year 2025H+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.お知らせ • Aug 13H+H International A/S Provides Earnings Guidance for the Year 2025H+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.お知らせ • May 21H+H International A/S Unchange Earnings Guidance for the Full Year 2025H+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.お知らせ • Aug 14H+H International A/S Narrows Earnings Guidance for 2024H+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).お知らせ • Jul 15H+H International A/S Resumes Operations at the Borough Green Production Facility in the UKAs 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.お知らせ • Jul 09H+H International A/S Provides Update on Temporarily Closed Production Facility in Borough Green, UkAs 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.すべての更新を表示Recent updatesNew Risk • Jun 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.6% 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 Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change).お知らせ • Mar 13H+H International A/S, Annual General Meeting, Apr 14, 2026H+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お知らせ • Mar 04+ 2 more updatesH+H International A/S to Report Q1, 2026 Results on May 12, 2026H+H International A/S announced that they will report Q1, 2026 results on May 12, 2026お知らせ • Feb 26+ 1 more updateH+H International A/S to Report Fiscal Year 2025 Results on Mar 03, 2026H+H International A/S announced that they will report fiscal year 2025 results on Mar 03, 2026お知らせ • Nov 01H+H International A/S Updates Earnings Guidance for the Year 2025H+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.お知らせ • Aug 13H+H International A/S Provides Earnings Guidance for the Year 2025H+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.お知らせ • Jul 30+ 1 more updateH+H International A/S Announces Reorganization of German Operations from National Coverage to A Regional SetupH+H International A/S is reorganising German operations from national coverage to a regional setup. This allows them to run stronger market focused units, improve margins and operate on a lower cost base with less FTEs. They expect restructuring costs in the range of DKK 80 million - DKK 100 million (special items in H2 2025). This will lead to savings of around DKK 20 million in H2 2025. The reorganisation also includes closure of plants and write-down of assets. As a consequence, the Second Quarter 2025 report will contain impairment of assets of around DKK 600 million. The impairment will be treated as special items in the Second Quarter 2025 report and has no cash impact. This will lead to lower depreciation of around DKK 30 million on a full-year basis (around DKK 15 million in H2 2025). In addition, they will initiate a strategic review of the German activities with a clear target to further enhance group profitability.お知らせ • May 21H+H International A/S Unchange Earnings Guidance for the Full Year 2025H+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.お知らせ • Apr 08H+H International A/S Announces Board AppointmentsH+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.お知らせ • Mar 06H+H International A/S, Annual General Meeting, Apr 08, 2025H+H International A/S, Annual General Meeting, Apr 08, 2025.お知らせ • Mar 05H+H International A/S Announces Stepping Down of Kent Arentoft from Board of DirectorsH+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.お知らせ • Feb 12+ 3 more updatesH+H International A/S to Report First Half, 2025 Results on Aug 12, 2025H+H International A/S announced that they will report first half, 2025 results on Aug 12, 2025お知らせ • Aug 14H+H International A/S Narrows Earnings Guidance for 2024H+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).お知らせ • Jul 15H+H International A/S Resumes Operations at the Borough Green Production Facility in the UKAs 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.お知らせ • Jul 09H+H International A/S Provides Update on Temporarily Closed Production Facility in Borough Green, UkAs 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 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% 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 (6.8% average weekly change).Reported Earnings • May 20First 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.お知らせ • May 16H+H International A/S Provides Earnings Guidance for Full Year 2024H+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.お知らせ • Mar 07H+H International A/S Provides Earnings Guidance for the Year 2024H+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 07Full year 2023 earnings released: kr.15.00 loss per share (vs kr.17.15 profit in FY 2022)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 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.お知らせ • Mar 06H+H International A/S Appoints Bjarne Pedersen as New Group CFO, Effective 1 April 2024H+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.お知らせ • Nov 30H+H International A/S Announces Resignation of Peter Klovgaard-Jørgensen as Member of Executive Board, Effective End of May 2024H+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 19Third 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.お知らせ • Nov 18H+H International A/S Revises Earnings Guidance for the Year 2023H+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.お知らせ • Nov 17+ 4 more updatesH+H International A/S, Annual General Meeting, Apr 09, 2024H+H International A/S, Annual General Meeting, Apr 09, 2024.New Risk • Nov 09New minor risk - Shareholder dilutionThe 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 Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (2.0% increase in shares outstanding).Recent Insider Transactions • Aug 21CEO & Member of Executive Board recently bought €102k worth of stockOn the 17th of August, Jorg Brinkmann bought around 10k shares on-market at roughly €10.20 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 18New major risk - Financial positionThe 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.お知らせ • Aug 17H+H International A/S Revises Earnings Guidance for the Full Year 2023H+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 16New major risk - Financial positionThe 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 16Second 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.Valuation Update With 7 Day Price Move • Jun 21Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €11.40, the stock trades at a forward P/E ratio of 169x. Average forward P/E is 10x in the Basic Materials industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €7.37 per share.お知らせ • May 26SOLBET 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.Reported Earnings • May 10First 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 1.9% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in Europe are expected to grow by 2.9%.お知らせ • Dec 21H+H International A/S to Report First Half, 2023 Results on Aug 17, 2023H+H International A/S announced that they will report first half, 2023 results on Aug 17, 2023業績と収益の成長予測DB:J0H - アナリストの将来予測と過去の財務データ ( )DKK Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20283,060143193312312/31/20272,88098127252312/31/20262,669-65814033/31/20262,628-697-11715N/A12/31/20252,743-662-5671N/A9/30/20252,781-547-7836N/A6/30/20252,772-519-3269N/A3/31/20252,7786841151N/A12/31/20242,747-5321145N/A9/30/20242,699-2542125N/A6/30/20242,669-301-6677N/A3/31/20242,675-374-249-95N/A12/31/20232,672-248-374-209N/A9/30/20232,881-110-411-179N/A6/30/20233,102-2-429-165N/A3/31/20233,371228-103158N/A12/31/20223,60430350316N/A9/30/20223,525358123364N/A6/30/20223,416365219439N/A3/31/20223,252329226438N/A12/31/20213,020310257454N/A9/30/20212,931288323497N/A6/30/20212,832283327479N/A3/31/20212,592227263403N/A12/31/20202,654241291425N/A9/30/20202,637105226361N/A6/30/20202,704122226368N/A3/31/20202,878173262398N/A12/31/20192,840149N/A369N/A9/30/20192,875249N/A444N/A6/30/20192,816209N/A433N/A3/31/20192,755178N/A428N/A12/31/20182,523125N/A370N/A9/30/20182,233116N/A299N/A6/30/20181,94399N/A194N/A3/31/20181,67979N/A87N/A12/31/20171,62295N/A83N/A9/30/20171,599111N/A50N/A6/30/20171,607103N/A72N/A3/31/20171,62096N/A107N/A12/31/20161,61196N/A143N/A9/30/20161,63984N/A147N/A6/30/20161,66062N/A172N/A3/31/20161,64648N/A179N/A12/31/20151,62158N/A100N/A9/30/20151,57136N/A95N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: J0Hは今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 1.9% ) よりも高い成長率であると考えられます。収益対市場: J0H今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: J0H今後 3 年以内に収益を上げることが予想されます。収益対市場: J0Hの収益 ( 4.5% ) German市場 ( 6.7% ) よりも低い成長が予測されています。高い収益成長: J0Hの収益 ( 4.5% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: J0Hの 自己資本利益率 は、3年後には低くなると予測されています ( 10.6 %)。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/30 21:40終値2026/06/30 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋H+H International A/S 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関Kristofer Liljeberg-SvenssonCarnegie Investment Bank ABAnders PreetzmannDanske BankAlexander BorreskovDNB Carnegie2 その他のアナリストを表示
お知らせ • Nov 01H+H International A/S Updates Earnings Guidance for the Year 2025H+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.
お知らせ • Aug 13H+H International A/S Provides Earnings Guidance for the Year 2025H+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.
お知らせ • May 21H+H International A/S Unchange Earnings Guidance for the Full Year 2025H+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.
お知らせ • Aug 14H+H International A/S Narrows Earnings Guidance for 2024H+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).
お知らせ • Jul 15H+H International A/S Resumes Operations at the Borough Green Production Facility in the UKAs 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.
お知らせ • Jul 09H+H International A/S Provides Update on Temporarily Closed Production Facility in Borough Green, UkAs 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 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.6% 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 Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change).
お知らせ • Mar 13H+H International A/S, Annual General Meeting, Apr 14, 2026H+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
お知らせ • Mar 04+ 2 more updatesH+H International A/S to Report Q1, 2026 Results on May 12, 2026H+H International A/S announced that they will report Q1, 2026 results on May 12, 2026
お知らせ • Feb 26+ 1 more updateH+H International A/S to Report Fiscal Year 2025 Results on Mar 03, 2026H+H International A/S announced that they will report fiscal year 2025 results on Mar 03, 2026
お知らせ • Nov 01H+H International A/S Updates Earnings Guidance for the Year 2025H+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.
お知らせ • Aug 13H+H International A/S Provides Earnings Guidance for the Year 2025H+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.
お知らせ • Jul 30+ 1 more updateH+H International A/S Announces Reorganization of German Operations from National Coverage to A Regional SetupH+H International A/S is reorganising German operations from national coverage to a regional setup. This allows them to run stronger market focused units, improve margins and operate on a lower cost base with less FTEs. They expect restructuring costs in the range of DKK 80 million - DKK 100 million (special items in H2 2025). This will lead to savings of around DKK 20 million in H2 2025. The reorganisation also includes closure of plants and write-down of assets. As a consequence, the Second Quarter 2025 report will contain impairment of assets of around DKK 600 million. The impairment will be treated as special items in the Second Quarter 2025 report and has no cash impact. This will lead to lower depreciation of around DKK 30 million on a full-year basis (around DKK 15 million in H2 2025). In addition, they will initiate a strategic review of the German activities with a clear target to further enhance group profitability.
お知らせ • May 21H+H International A/S Unchange Earnings Guidance for the Full Year 2025H+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.
お知らせ • Apr 08H+H International A/S Announces Board AppointmentsH+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.
お知らせ • Mar 06H+H International A/S, Annual General Meeting, Apr 08, 2025H+H International A/S, Annual General Meeting, Apr 08, 2025.
お知らせ • Mar 05H+H International A/S Announces Stepping Down of Kent Arentoft from Board of DirectorsH+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.
お知らせ • Feb 12+ 3 more updatesH+H International A/S to Report First Half, 2025 Results on Aug 12, 2025H+H International A/S announced that they will report first half, 2025 results on Aug 12, 2025
お知らせ • Aug 14H+H International A/S Narrows Earnings Guidance for 2024H+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).
お知らせ • Jul 15H+H International A/S Resumes Operations at the Borough Green Production Facility in the UKAs 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.
お知らせ • Jul 09H+H International A/S Provides Update on Temporarily Closed Production Facility in Borough Green, UkAs 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 12New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% 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 (6.8% average weekly change).
Reported Earnings • May 20First 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.
お知らせ • May 16H+H International A/S Provides Earnings Guidance for Full Year 2024H+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.
お知らせ • Mar 07H+H International A/S Provides Earnings Guidance for the Year 2024H+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 07Full year 2023 earnings released: kr.15.00 loss per share (vs kr.17.15 profit in FY 2022)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 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.
お知らせ • Mar 06H+H International A/S Appoints Bjarne Pedersen as New Group CFO, Effective 1 April 2024H+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.
お知らせ • Nov 30H+H International A/S Announces Resignation of Peter Klovgaard-Jørgensen as Member of Executive Board, Effective End of May 2024H+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 19Third 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.
お知らせ • Nov 18H+H International A/S Revises Earnings Guidance for the Year 2023H+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.
お知らせ • Nov 17+ 4 more updatesH+H International A/S, Annual General Meeting, Apr 09, 2024H+H International A/S, Annual General Meeting, Apr 09, 2024.
New Risk • Nov 09New minor risk - Shareholder dilutionThe 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 Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Shareholders have been diluted in the past year (2.0% increase in shares outstanding).
Recent Insider Transactions • Aug 21CEO & Member of Executive Board recently bought €102k worth of stockOn the 17th of August, Jorg Brinkmann bought around 10k shares on-market at roughly €10.20 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 18New major risk - Financial positionThe 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.
お知らせ • Aug 17H+H International A/S Revises Earnings Guidance for the Full Year 2023H+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 16New major risk - Financial positionThe 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 16Second 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.
Valuation Update With 7 Day Price Move • Jun 21Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €11.40, the stock trades at a forward P/E ratio of 169x. Average forward P/E is 10x in the Basic Materials industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €7.37 per share.
お知らせ • May 26SOLBET 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.
Reported Earnings • May 10First 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 1.9% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in Europe are expected to grow by 2.9%.
お知らせ • Dec 21H+H International A/S to Report First Half, 2023 Results on Aug 17, 2023H+H International A/S announced that they will report first half, 2023 results on Aug 17, 2023