H+H International — Earnings Release 2013

Aug 22, 2013

Company Announcement No. 287, 2013

Copenhagen, Denmark, 2013-08-22 07:54 CEST (GLOBE NEWSWIRE) --

H+H International A/S
Dampfærgevej 3, 3rd Floor
2100 Copenhagen Ø
Denmark
Telephone: +45 35 27 02 00
www.HplusH.com

Key figures for the period 1 January to 30 June 2013

-- Second-quarter revenue was DKK 369 million (2012: DKK 339 million).
First-half revenue was DKK 602 million (2012: DKK 612 million).
-- Second-quarter EBITDA was DKK 38 million (2012: DKK 38 million). First-half
EBITDA was DKK 32 million (2012: DKK 42 million).
-- H+H made a profit before tax from continuing operations of DKK 6 million
for the second quarter (2012: DKK 4 million) and a loss before tax from
continuing operations of DKK 30 million in the first half (2012: DKK 28
million).
-- Equity at 30 June 2013 was DKK 320 million.
-- Net interest-bearing debt at 30 June 2013 was DKK 570 million.
-- In July 2013 H+H entered into an agreement with CEMEX Kies & Splitt
GmbH under which the latter will take over the extraction of raw materials
from H+H's sand pit in northern Germany. The agreement means that H+H will
be paid a total of DKK 40 million over the next 12 years for the extraction
of materials from the pit.
-- H+H reiterates its outlook for continuing operations for the 2013 financial
year:
-- EBITDA of around DKK 90 million before special items.
-- Free cash flow in the region of DKK 0-15 million before disposals of
assets.
-- Investments in the region of DKK 50 million.

Please see attached pdf file for full version of the report.

Kent Arentoft
Chairman of the Board of Directors

Michael T Andersen
CEO

For additional information please contact:
Michael T Andersen, CEO, or Niels Eldrup Meidahl, CFO, on telephone +45 35 27
02 00.

This is a translation of the company's announcement in Danish. In case of
inconsistency between the Danish text and this English translation, the Danish
text will take precedence.