H+H International AS (LTS:0M6J)
kr 101.8 (0%) Market Cap: 1.64 Bil Enterprise Value: 2.54 Bil PE Ratio: 0 PB Ratio: 1.85 GF Score: 54/100

Q1 2026 H+H International A/S Earnings Call Transcript

May 13, 2026 / 08:00 PM GMT
Release Date Price: kr102 (-3.59%)

Key Points

Positve
  • H+H International AS (FRA:J0H) maintained its full-year outlook despite a challenging start to the year.
  • The Polish market showed positive momentum with building permits increasing by 7% in the first quarter.
  • The company successfully upgraded its Puabi plant in Poland, increasing capacity by 20%, which is expected to meet growing demand.
  • H+H International AS (FRA:J0H) has strong partnerships in the UK, aiming to grow above market trends.
  • The company is focusing on cash generation and has a clear strategy for asset sales to improve financial performance.
Negative
  • The company experienced a 15% decline in organic growth in Q1 2026 due to severe weather conditions.
  • EBITDA was zero for the first quarter, reflecting a weak start to the year.
  • Energy prices have risen due to geopolitical tensions, impacting costs despite partial hedging.
  • The German market remains challenging with low consumer confidence and high underutilization of plants.
  • Cash flow from operations was negative, primarily due to lower EBITDA and restructuring costs in Germany.


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

HHDC.CO - H+H International A/S
Q1 2026 H+H International A/S Earnings Call
May 13, 2026 / 08:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Minus 15%, and then this also leads to an EBITDA of zero.

And so that is nothing that got us out of the blue, was expected, but certainly impacted it and lead to a fairly weak start into the year. But then also you can see is the gearing went up to a level of four.

It's a high number, but what's important is it's in line with our banking agreement, so from that point also under control and managed.

Next to weather, in February, the war in Iran started. Also, this has an impact on our business. In what way? Luckily, not so much on the raw materials side as we are sourcing locally, but certainly the energy prices started rising.

We are hedged. That's a good thing, but not fully. And so we need to
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
7-Day Free Trial · Cancel Anytime
Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot