Q4 2025 H+H International A/S Earnings Call Transcript

Mar 4, 2026 / 09:00 AM GMT

Release Date Price: €11.1 (-2.63%)

Transcript

Key Points

Positve

H+H International AS (OCSE:HH) reported a significant improvement in EBIT, reaching 112 million, which is 50 million more than the previous year.
The company successfully reduced emissions by 3%, aligning with both environmental and economic goals.
Strong performance was noted in the UK, Poland, and Switzerland, with Poland achieving record-high margins.
The reopening of the Pollington One plant in the UK demonstrates the company's ability to adjust capacity based on market conditions.
The company has implemented a regional profit center structure in Germany, which is expected to improve commercial execution and cash flow.

Negative

The German market remains challenging with high overcapacity and intense competition, impacting recovery efforts.
The company experienced a significant weather impact in the first quarter, leading to a 25% expected volume decline.
Energy prices remain a concern, with the company only partially hedged, exposing it to potential cost increases.
The company anticipates a negative free cash flow if asset sales do not occur as planned.
Organic growth was flat for the year, with a notable decline in the UK market during the fourth quarter.

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

HHDC.CO - H+H International A/S
Q4 2025 H+H International A/S Earnings Call
Mar 04, 2026 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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At this time I would like to welcome everyone to this H+ International Q4 an annual report for 2025 presentation.

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 the call over to your speakers. Please forget.

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Unidentified_2 [2]
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Thank you and good morning and welcome to our conference call for the annual report of 2025. My name is

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