H+H International — Earnings Release 2015

Mar 17, 2016

Company Announcement No. 331, 2016

Copenhagen, Denmark, 2016-03-17 08:02 CET (GLOBE NEWSWIRE) --

H+H International A/S
Dampfærgevej 3, 3rd Floor
2100 Copenhagen Ø
Denmark
Tel.: +45 35 27 02 00
www.HplusH.com
Company reg. no. 49 61 98 12

Highlights

-- Revenue of DKK 1,621 million and organic growth (excluding effect from
changes in foreign exchange rates and revenue from acquisitions,
divestments and closed-down businesses) of 9%.
-- EBITDA of DKK 182 million before special items, which is slightly above the
top end of our most recent outlook of DKK 170-180 million.
-- EBIT margin of 5.0% before special items.
-- Net interest-bearing debt on 31 December 2015 of DKK 445 million. Gearing
is 1.9x EBITDA and 2.4x EBITDA before special items.
-- ROIC was 10.3% before special items.
-- Equity on 31 December 2015 of DKK 255, which is higher than last year due
to the reduced UK pension obligations, a profit for the year and share
capital increase.
-- Operational excellence programme continued to deliver improvements. The
commercial excellence programme helped us achieve a higher growth rate and
market penetration.
-- Outlook for 2016:
-- Organic revenue growth is expected to be 3-4%.
-- EBITDA before special items is expected to be DKK 190-210 million.
-- Investments excluding acquisitions and divestments are expected to be in
the region of DKK 80 million.

Please see attached PDF 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 Bjarne Pedersen, Vice President, Business
Development & IR, tel.: +45 35 27 02 00.