H+H International Logo

H+H International

ISIN: DK0015202451 | Ticker: HH | LEI: 213800GJODT6FV8QM841
Sector: IndustrialsSub-Industry: Building Products
Country: Denmark

About H+H International

Company Description

H+H is partner in wall building across Europe

H+H is a wall building materials provider. The core activity is production and sale of autoclaved aerated concrete (AAC or aircrete) and calcium silicate units (CSU or sand lime bricks). The products are building blocks used for wall building primarily in the residential new building segment.

The product range also includes more advanced products such as high-insulating blocks, larger elements and a range of traded goods used for wall building.

H+H has 32 factories in Northern and Central Europe with a total annual output of more than four million cubic metres of wall building materials and a leading position in most of its markets. The Group has more than 1,600 employees.

The business is cyclical and H+H is always pursuing organic growth and margin improvements. In addition, restructuring of the markets in Central Europe is on the strategic agenda.

Year founded

1909

Served area

Europe

Headquarters

Lautrupsgade 7, 2100 Copenhagen – Denmark

Financial statements

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Line item in (dkk) 01.01.2020 01.01.2021 01.04.2021 01.07.2021 01.10.2021 01.01.2022 01.04.2022 01.07.2022 01.10.2022 01.01.2023 01.04.2023 01.07.2023 01.10.2023 01.01.2024 01.04.2024
Assets N/A 2,909,000,000.00 3,045,000,000.00 3,186,000,000.00 3,291,000,000.00 3,400,000,000.00 3,461,000,000.00 3,673,000,000.00 3,705,000,000.00 3,750,000,000.00 3,873,000,000.00 3,982,000,000.00 3,972,000,000.00 3,655,000,000.00 3,477,000,000.00
Noncurrent Assets N/A 2,031,000,000.00 2,017,000,000.00 2,031,000,000.00 2,151,000,000.00 2,390,000,000.00 2,377,000,000.00 2,465,000,000.00 2,465,000,000.00 2,517,000,000.00 2,509,000,000.00 2,433,000,000.00 2,427,000,000.00 2,509,000,000.00 2,495,000,000.00
Property Plant And Equipment N/A 1,538,000,000.00 1,534,000,000.00 1,552,000,000.00 1,598,000,000.00 1,707,000,000.00 1,717,000,000.00 1,727,000,000.00 1,718,000,000.00 1,822,000,000.00 1,814,000,000.00 1,740,000,000.00 1,739,000,000.00 1,814,000,000.00 1,792,000,000.00
Land And Buildings N/A 709,000,000.00 N/A N/A N/A 755,000,000.00 N/A N/A N/A 767,000,000.00 N/A N/A N/A N/A N/A
Machinery N/A 642,000,000.00 N/A N/A N/A 633,000,000.00 N/A N/A N/A 652,000,000.00 N/A N/A N/A N/A N/A
Construction In Progress N/A 100,000,000.00 N/A N/A N/A 227,000,000.00 N/A N/A N/A 316,000,000.00 N/A N/A N/A N/A N/A
Goodwill N/A 211,000,000.00 211,000,000.00 211,000,000.00 292,000,000.00 364,000,000.00 363,000,000.00 453,000,000.00 453,000,000.00 419,000,000.00 420,000,000.00 421,000,000.00 420,000,000.00 420,000,000.00 422,000,000.00
Other Intangible Assets N/A 14,000,000.00 252,000,000.00 248,000,000.00 243,000,000.00 35,000,000.00 276,000,000.00 265,000,000.00 272,000,000.00 253,000,000.00 259,000,000.00 253,000,000.00 248,000,000.00 259,000,000.00 232,000,000.00
Investments In Associates Accounted For Using Equity Method N/A 1,000,000.00 N/A N/A N/A 1,000,000.00 N/A N/A N/A 1,000,000.00 N/A N/A N/A N/A N/A
Investments In Subsidiaries N/A 0.00 N/A N/A N/A 0.00 N/A N/A N/A 0.00 N/A N/A N/A N/A N/A
Noncurrent Receivables Due From Related Parties N/A 0.00 N/A N/A N/A 0.00 N/A N/A N/A 0.00 N/A N/A N/A N/A N/A
Other Noncurrent Receivables N/A 5,000,000.00 N/A N/A N/A 5,000,000.00 N/A N/A N/A 5,000,000.00 N/A N/A N/A N/A N/A
Deferred Tax Assets N/A 18,000,000.00 13,000,000.00 13,000,000.00 12,000,000.00 17,000,000.00 15,000,000.00 14,000,000.00 15,000,000.00 17,000,000.00 11,000,000.00 14,000,000.00 15,000,000.00 11,000,000.00 47,000,000.00
Other Noncurrent Assets N/A 24,000,000.00 N/A N/A N/A 23,000,000.00 N/A N/A N/A 23,000,000.00 N/A N/A N/A N/A N/A
Current Assets N/A 878,000,000.00 1,028,000,000.00 1,155,000,000.00 1,140,000,000.00 1,010,000,000.00 1,084,000,000.00 1,208,000,000.00 1,240,000,000.00 1,233,000,000.00 1,364,000,000.00 1,549,000,000.00 1,545,000,000.00 1,146,000,000.00 982,000,000.00
Inventories N/A 282,000,000.00 297,000,000.00 247,000,000.00 247,000,000.00 321,000,000.00 335,000,000.00 365,000,000.00 442,000,000.00 523,000,000.00 686,000,000.00 721,000,000.00 688,000,000.00 686,000,000.00 565,000,000.00
Trade And Other Current Receivables N/A N/A 234,000,000.00 251,000,000.00 233,000,000.00 190,000,000.00 316,000,000.00 317,000,000.00 270,000,000.00 174,000,000.00 242,000,000.00 288,000,000.00 253,000,000.00 242,000,000.00 243,000,000.00
Current Trade Receivables N/A 80,000,000.00 N/A N/A N/A 146,000,000.00 N/A N/A N/A 122,000,000.00 N/A N/A N/A N/A N/A
Trade And Other Current Receivables Due From Related Parties N/A 0.00 N/A N/A N/A 0.00 N/A N/A N/A 0.00 N/A N/A N/A N/A N/A
Current Prepayments N/A 6,000,000.00 N/A N/A N/A 7,000,000.00 N/A N/A N/A 12,000,000.00 N/A N/A N/A N/A N/A
Other Current Receivables N/A 29,000,000.00 N/A N/A N/A 37,000,000.00 N/A N/A N/A 40,000,000.00 N/A N/A N/A N/A N/A
Cash and cash equivalents 262,000,000.00 481,000,000.00 657,000,000.00 657,000,000.00 660,000,000.00 499,000,000.00 433,000,000.00 526,000,000.00 528,000,000.00 536,000,000.00 436,000,000.00 540,000,000.00 604,000,000.00 139,000,000.00 174,000,000.00
Cash N/A 481,000,000.00 497,000,000.00 657,000,000.00 660,000,000.00 499,000,000.00 433,000,000.00 526,000,000.00 528,000,000.00 536,000,000.00 436,000,000.00 540,000,000.00 604,000,000.00 218,000,000.00 174,000,000.00
Equity And Liabilities N/A 2,909,000,000.00 3,045,000,000.00 3,186,000,000.00 3,291,000,000.00 3,400,000,000.00 3,461,000,000.00 3,673,000,000.00 3,705,000,000.00 3,750,000,000.00 3,873,000,000.00 3,982,000,000.00 3,972,000,000.00 3,655,000,000.00 3,477,000,000.00
Equity 1,371,000,000.00 1,509,000,000.00 1,553,000,000.00 1,644,000,000.00 1,693,000,000.00 1,814,000,000.00 1,808,000,000.00 1,859,000,000.00 1,868,000,000.00 1,938,000,000.00 1,901,000,000.00 1,787,000,000.00 1,760,000,000.00 1,901,000,000.00 1,560,000,000.00
Issued Capital N/A 180,000,000.00 180,000,000.00 180,000,000.00 180,000,000.00 180,000,000.00 180,000,000.00 175,000,000.00 175,000,000.00 175,000,000.00 175,000,000.00 165,000,000.00 165,000,000.00 175,000,000.00 165,000,000.00
Retained Earnings N/A 1,405,000,000.00 1,455,000,000.00 1,540,000,000.00 1,595,000,000.00 1,662,000,000.00 1,660,000,000.00 1,745,000,000.00 1,773,000,000.00 1,822,000,000.00 1,780,000,000.00 1,682,000,000.00 1,649,000,000.00 1,780,000,000.00 1,412,000,000.00
Other Reserves N/A N/A -153,000,000.00 -137,000,000.00 -146,000,000.00 -138,000,000.00 -146,000,000.00 -153,000,000.00 -176,000,000.00 -155,000,000.00 -148,000,000.00 -156,000,000.00 -151,000,000.00 -148,000,000.00 -102,000,000.00
Equity Attributable To Owners Of Parent N/A 1,438,000,000.00 1,482,000,000.00 1,583,000,000.00 1,629,000,000.00 1,704,000,000.00 1,694,000,000.00 1,767,000,000.00 1,772,000,000.00 1,842,000,000.00 1,807,000,000.00 1,691,000,000.00 1,663,000,000.00 1,807,000,000.00 1,475,000,000.00
Noncontrolling Interests N/A 71,000,000.00 71,000,000.00 61,000,000.00 64,000,000.00 110,000,000.00 114,000,000.00 92,000,000.00 96,000,000.00 96,000,000.00 94,000,000.00 96,000,000.00 97,000,000.00 94,000,000.00 85,000,000.00
Liabilities N/A 1,400,000,000.00 1,492,000,000.00 1,542,000,000.00 1,598,000,000.00 1,586,000,000.00 1,653,000,000.00 1,814,000,000.00 1,837,000,000.00 1,812,000,000.00 1,972,000,000.00 2,195,000,000.00 2,212,000,000.00 1,754,000,000.00 1,917,000,000.00
Noncurrent Liabilities N/A 1,004,000,000.00 1,047,000,000.00 1,065,000,000.00 1,096,000,000.00 1,091,000,000.00 1,145,000,000.00 1,221,000,000.00 1,239,000,000.00 1,277,000,000.00 1,513,000,000.00 1,647,000,000.00 1,671,000,000.00 1,295,000,000.00 1,389,000,000.00
Noncurrent Provisions N/A 34,000,000.00 32,000,000.00 32,000,000.00 33,000,000.00 41,000,000.00 42,000,000.00 41,000,000.00 41,000,000.00 N/A N/A N/A N/A N/A N/A
Other Longterm Provisions N/A N/A N/A N/A N/A 41,000,000.00 42,000,000.00 41,000,000.00 41,000,000.00 38,000,000.00 37,000,000.00 38,000,000.00 38,000,000.00 37,000,000.00 69,000,000.00
Deferred Tax Liabilities N/A 130,000,000.00 127,000,000.00 135,000,000.00 134,000,000.00 137,000,000.00 127,000,000.00 125,000,000.00 126,000,000.00 110,000,000.00 95,000,000.00 65,000,000.00 64,000,000.00 95,000,000.00 34,000,000.00
Noncurrent Recognised Liabilities Defined Benefit Plan N/A 147,000,000.00 134,000,000.00 112,000,000.00 109,000,000.00 85,000,000.00 112,000,000.00 101,000,000.00 91,000,000.00 23,000,000.00 60,000,000.00 55,000,000.00 47,000,000.00 60,000,000.00 31,000,000.00
Current Liabilities N/A 396,000,000.00 445,000,000.00 477,000,000.00 502,000,000.00 495,000,000.00 508,000,000.00 593,000,000.00 598,000,000.00 535,000,000.00 459,000,000.00 548,000,000.00 541,000,000.00 459,000,000.00 528,000,000.00
Current Provisions N/A 6,000,000.00 6,000,000.00 6,000,000.00 3,000,000.00 5,000,000.00 2,000,000.00 5,000,000.00 5,000,000.00 N/A N/A N/A N/A N/A N/A
Other Shortterm Provisions N/A N/A N/A N/A N/A 5,000,000.00 2,000,000.00 5,000,000.00 5,000,000.00 9,000,000.00 6,000,000.00 31,000,000.00 4,000,000.00 6,000,000.00 79,000,000.00
Trade And Other Current Payables To Trade Suppliers N/A 180,000,000.00 221,000,000.00 241,000,000.00 250,000,000.00 251,000,000.00 282,000,000.00 300,000,000.00 292,000,000.00 278,000,000.00 266,000,000.00 278,000,000.00 340,000,000.00 266,000,000.00 252,000,000.00
Trade And Other Current Payables To Related Parties N/A 0.00 N/A N/A N/A 0.00 N/A N/A N/A 0.00 N/A N/A N/A N/A N/A
Other Current Payables N/A 162,000,000.00 164,000,000.00 175,000,000.00 191,000,000.00 195,000,000.00 171,000,000.00 204,000,000.00 215,000,000.00 177,000,000.00 122,000,000.00 197,000,000.00 164,000,000.00 122,000,000.00 166,000,000.00
Current Tax Liabilities Current N/A 30,000,000.00 34,000,000.00 35,000,000.00 37,000,000.00 23,000,000.00 32,000,000.00 57,000,000.00 59,000,000.00 37,000,000.00 34,000,000.00 10,000,000.00 1,000,000.00 34,000,000.00 0.00
Line item in (dkk) 01.01.2020/
01.01.2021
01.01.2021/
01.04.2021
01.01.2021/
01.07.2021
01.01.2021/
01.10.2021
01.01.2021/
01.01.2022
01.04.2021/
01.07.2021
01.04.2021/
01.10.2021
01.01.2022/
01.04.2022
01.01.2022/
01.07.2022
01.01.2022/
01.10.2022
01.01.2022/
01.01.2023
01.04.2022/
01.07.2022
01.04.2022/
01.10.2022
01.07.2022/
01.10.2022
01.01.2023/
01.04.2023
01.01.2023/
01.07.2023
01.01.2023/
01.10.2023
01.01.2023/
01.01.2024
01.04.2023/
01.07.2023
01.07.2023/
01.10.2023
01.01.2024/
01.04.2024
Revenue 2,654,000,000.00 642,000,000.00 1,478,000,000.00 2,289,000,000.00 3,020,000,000.00 836,000,000.00 811,000,000.00 874,000,000.00 1,874,000,000.00 2,794,000,000.00 3,604,000,000.00 1,000,000,000.00 920,000,000.00 920,000,000.00 641,000,000.00 1,372,000,000.00 2,071,000,000.00 2,672,000.00 731,000,000.00 699,000,000.00 644,000,000.00
Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 51,000,000.00 N/A N/A 187,000,000.00 N/A N/A 47,000,000.00
Depreciation And Amortisation Expense 189,000,000.00 45,000,000.00 92,000,000.00 138,000,000.00 183,000,000.00 47,000,000.00 46,000,000.00 49,000,000.00 99,000,000.00 149,000,000.00 202,000,000.00 50,000,000.00 50,000,000.00 50,000,000.00 51,000,000.00 100,000,000.00 140,000,000.00 N/A 49,000,000.00 40,000,000.00 N/A
Profit Loss From Operating Activities 332,000,000.00 64,000,000.00 189,000,000.00 310,000,000.00 377,000,000.00 125,000,000.00 121,000,000.00 100,000,000.00 268,000,000.00 369,000,000.00 413,000,000.00 168,000,000.00 101,000,000.00 101,000,000.00 12,000,000.00 -115,000,000.00 -134,000,000.00 -230,000,000.00 -127,000,000.00 -19,000,000.00 -150,000,000.00
Finance Income 2,000,000.00 1,000,000.00 1,000,000.00 2,000,000.00 4,000,000.00 0.00 1,000,000.00 1,000,000.00 2,000,000.00 3,000,000.00 6,000,000.00 1,000,000.00 1,000,000.00 1,000,000.00 2,000,000.00 5,000,000.00 6,000,000.00 24,000,000.00 3,000,000.00 1,000,000.00 4,000,000.00
Finance Costs 27,000,000.00 6,000,000.00 11,000,000.00 18,000,000.00 25,000,000.00 5,000,000.00 7,000,000.00 6,000,000.00 11,000,000.00 15,000,000.00 21,000,000.00 5,000,000.00 4,000,000.00 4,000,000.00 12,000,000.00 27,000,000.00 44,000,000.00 77,000,000.00 15,000,000.00 17,000,000.00 21,000,000.00
Profit Loss Before Tax 307,000,000.00 59,000,000.00 179,000,000.00 294,000,000.00 356,000,000.00 120,000,000.00 115,000,000.00 95,000,000.00 259,000,000.00 357,000,000.00 398,000,000.00 164,000,000.00 98,000,000.00 98,000,000.00 2,000,000.00 -137,000,000.00 -172,000,000.00 -283,000,000.00 -139,000,000.00 -35,000,000.00 -167,000,000.00
Income Tax Expense Continuing Operations 56,000,000.00 10,000,000.00 37,000,000.00 64,000,000.00 35,000,000.00 27,000,000.00 27,000,000.00 23,000,000.00 58,000,000.00 74,000,000.00 81,000,000.00 35,000,000.00 16,000,000.00 16,000,000.00 9,000,000.00 -29,000,000.00 -35,000,000.00 -37,000,000.00 -38,000,000.00 -6,000,000.00 -37,000,000.00
Profit (loss) 251,000,000.00 49,000,000.00 142,000,000.00 230,000,000.00 321,000,000.00 93,000,000.00 88,000,000.00 72,000,000.00 201,000,000.00 283,000,000.00 317,000,000.00 129,000,000.00 82,000,000.00 82,000,000.00 -7,000,000.00 -108,000,000.00 -137,000,000.00 -246,000,000.00 -101,000,000.00 -29,000,000.00 -130,000,000.00
Profit Loss Attributable To Owners Of Parent 241,000,000.00 49,000,000.00 142,000,000.00 227,000,000.00 310,000,000.00 93,000,000.00 85,000,000.00 68,000,000.00 197,000,000.00 275,000,000.00 303,000,000.00 129,000,000.00 78,000,000.00 78,000,000.00 -5,000,000.00 -108,000,000.00 -138,000,000.00 -248,000,000.00 -101,000,000.00 -30,000,000.00 -129,000,000.00
Profit Loss Attributable To Noncontrolling Interests 10,000,000.00 0.00 0.00 3,000,000.00 11,000,000.00 0.00 3,000,000.00 4,000,000.00 4,000,000.00 8,000,000.00 14,000,000.00 0.00 4,000,000.00 4,000,000.00 -2,000,000.00 0.00 1,000,000.00 2,000,000.00 0.00 1,000,000.00 -1,000,000.00
Line item in (dkk) 01.01.2020 01.01.2021 01.04.2021 01.07.2021 01.10.2021 01.01.2022 01.04.2022 01.07.2022 01.10.2022 01.01.2023 01.04.2023 01.07.2023 01.10.2023 01.01.2024 01.04.2024
Profit (loss) N/A 251,000,000.00 49,000,000.00 93,000,000.00 88,000,000.00 321,000,000.00 72,000,000.00 129,000,000.00 82,000,000.00 317,000,000.00 -7,000,000.00 -101,000,000.00 -29,000,000.00 -246,000,000.00 -130,000,000.00
Adjustments For Decrease Increase In Inventories N/A 20,000,000.00 N/A N/A N/A -18,000,000.00 N/A N/A N/A -205,000,000.00 N/A N/A N/A N/A N/A
Adjustments For Depreciation And Amortisation Expense N/A 189,000,000.00 45,000,000.00 47,000,000.00 46,000,000.00 183,000,000.00 49,000,000.00 50,000,000.00 50,000,000.00 202,000,000.00 51,000,000.00 49,000,000.00 40,000,000.00 N/A N/A
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss N/A 0.00 N/A N/A N/A 7,000,000.00 N/A 0.00 0.00 0.00 N/A 97,000,000.00 4,000,000.00 N/A N/A
Other Adjustments For Noncash Items N/A 1,000,000.00 N/A N/A N/A 7,000,000.00 N/A N/A N/A 1,000,000.00 -2,000,000.00 N/A N/A N/A 4,000,000.00
Cash Flows From Used In Operations N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A -248,000,000.00 N/A N/A N/A -42,000,000.00
Cash Flows From Used In Operating Activities N/A 425,000,000.00 -5,000,000.00 206,000,000.00 176,000,000.00 454,000,000.00 -21,000,000.00 207,000,000.00 101,000,000.00 316,000,000.00 -272,000,000.00 -23,000,000.00 87,000,000.00 N/A -65,000,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 72,000,000.00 N/A N/A 127,000,000.00 238,000,000.00 N/A 0.00 0.00 0.00 N/A 7,000,000.00 0.00 N/A N/A
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 0.00 N/A N/A N/A 8,000,000.00 N/A N/A N/A 11,000,000.00 N/A N/A N/A N/A N/A
Dividends Received Classified As Investing Activities N/A 0.00 N/A N/A N/A 0.00 N/A N/A N/A 0.00 N/A N/A N/A N/A N/A
Cash Flows From Used In Investing Activities N/A -206,000,000.00 -27,000,000.00 -34,000,000.00 -171,000,000.00 -427,000,000.00 -42,000,000.00 -42,000,000.00 -65,000,000.00 -255,000,000.00 -37,000,000.00 -45,000,000.00 -33,000,000.00 N/A -26,000,000.00
Payments To Acquire Or Redeem Entitys Shares N/A 4,000,000.00 13,000,000.00 23,000,000.00 27,000,000.00 95,000,000.00 35,000,000.00 50,000,000.00 47,000,000.00 169,000,000.00 2,000,000.00 0.00 0.00 N/A 0.00
Proceeds From Borrowings Classified As Financing Activities N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 150,000,000.00 N/A N/A N/A 0.00
Payments Of Lease Liabilities Classified As Financing Activities N/A 21,000,000.00 7,000,000.00 7,000,000.00 6,000,000.00 26,000,000.00 7,000,000.00 6,000,000.00 6,000,000.00 27,000,000.00 8,000,000.00 7,000,000.00 7,000,000.00 N/A 10,000,000.00
Cash Flows From Used In Financing Activities N/A 6,000,000.00 46,000,000.00 -16,000,000.00 1,000,000.00 -25,000,000.00 0.00 -70,000,000.00 -22,000,000.00 -19,000,000.00 207,000,000.00 168,000,000.00 16,000,000.00 N/A 122,000,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A 225,000,000.00 N/A 156,000,000.00 6,000,000.00 2,000,000.00 -63,000,000.00 95,000,000.00 14,000,000.00 42,000,000.00 -102,000,000.00 100,000,000.00 70,000,000.00 N/A 31,000,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A -14,000,000.00 2,000,000.00 4,000,000.00 -3,000,000.00 9,000,000.00 -3,000,000.00 -2,000,000.00 -12,000,000.00 -5,000,000.00 2,000,000.00 4,000,000.00 -6,000,000.00 N/A 4,000,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A N/A 14,000,000.00 N/A N/A N/A -63,000,000.00 N/A N/A N/A N/A N/A N/A N/A N/A
Cash and cash equivalents 262,000,000.00 481,000,000.00 657,000,000.00 657,000,000.00 660,000,000.00 499,000,000.00 433,000,000.00 526,000,000.00 528,000,000.00 536,000,000.00 436,000,000.00 540,000,000.00 604,000,000.00 139,000,000.00 174,000,000.00

Please note that some sums might not add up.

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Capital markets information

ISIN

DK0015202451

LEI

213800GJODT6FV8QM841

Sector

Industrials

Industry Group

Capital Goods

Industry

Building Products

Sub-Industry

Building Products

Listed Stock Exchange

Nasdaq Copenhagen

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