Q3 2025 H+H International A/S Earnings Call Transcript

Nov 12, 2025 / 09:00 AM GMT

Release Date Price: €11.38 (+4.02%)

Transcript

Key Points

Positve

H+H International AS (FRA:J0H) reported a 2% organic growth in Q3, which aligns with their expectations.
The company achieved a 25% gross margin and a 7% EBIT margin, indicating strong financial performance.
Poland delivered a strong quarter with exciting results, supported by a decrease in the central bank's reference rate.
The reorganization in Germany is progressing well, with a transition to a profit center structure and expected cost savings.
Germany saw a 7% growth in building permits, marking a positive change after a period of decline.

Negative

The UK market experienced a significant drop in volumes due to lower sales rates from house builders, impacting the company's outlook for Q4.
The market environment remains challenging and volatile, with uncertainty affecting future homeowners in the UK.
Building permits in Poland have declined by 15% year-to-date, primarily affecting multi-family houses.
The company's financial outlook for organic growth has been revised down to around 0% from the previous guidance of around 4%.
The EBIT guidance has been adjusted to a range of 85 to 115 million, down from the previous range of 100 to 150 million.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HHDC.CO - H+H International A/S
Q3 2025 H+H International A/S Earnings Call
Nov 12, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to H+ H International AS Q3 2025 financial results call. For the first part of this call, all participants will be in a listen-only mode. Afterwards there'll be a question-and-answer session. To ask a question during the Q&A, please press 5 star on your telephone keypad. This call is being recorded. I'll now hand over to the speakers. Please begin.

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Unidentified_2 [2]
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Thank you and good morning and welcome to our conference call covering the third quarter of 2025. My name is Nicholas. I'm the head of investor relations and

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