Half Year 2025 HusCompagniet A/S Earnings Call Transcript
Key Points
- HusCompagniet AS (FRA:HCE) reported a 28% year-on-year revenue growth, reaching 714 million, driven by higher sales in the detached and semi-detached segments.
- The Danish house building market showed resilience with a steady recovery, contributing to satisfactory consumer and customer leads.
- The company plans to open a new sales unit with a showroom and a dedicated forum office in Q4 to maintain momentum and strengthen its market presence.
- Gross profit increased by 12% to 260 million for the first half of 2025, with positive contributions from the detached and wooden houses segments.
- The net order backlog increased by 40% to 2.1 billion at the end of June, indicating strong sales traction across all segments.
- Gross profit margin decreased by 2.3 percentage points to 18.4% due to unsatisfactory margins in the semi-detached business and issues with HC elements projects.
- EBITDA declined to 12 million from 15 million in the same period last year, reflecting lower margins and higher SG&A and staff costs.
- Free cash flow was negative by 12 million in the quarter, driven by changes in working capital and increased inventories.
- The company faced critical media coverage related to issues with crumbling mortar joints in some detached houses constructed between 2017 and 2022.
- Net interest-bearing debt increased to 304 million with a leverage of 3.2%, up from 236 million and a leverage of 2.4% in June 2024, due to changes in working capital and a decline in EBITDA.
Welcome to whose company the Holdings interim report for the first six months of 2025. Today's call is being recorded.
All participants will be in a lesson only mode throughout the presentation, and afterwards there will be a question and answer session. To ask a question, please press 5 star on your telephone keypad. I will now turn the call over to your speakers. Please begin.
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Good morning Morning and welcome to the presentation of Who's Cos Financial Result. I'm Martin Oilson, CEO of Who's Com, and as usual, CFO Ellen A Henson is with me today on this call.
We will begin with a view on the overall market condition and then present the result for Q2 in the first half of 25.
We will end the session by answering your questions. Let's start with a few comments on the markets condition on slide 2.
In the first half of 25, global political and macroeconomic turmoil
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