Investor Relations

H+H on Nasdaq Copenhagen

A leading European manufacturer of wall-building materials with operations across eight countries. Find our latest reports, financial calendar, share information, and direct IR contact below.

2025 results

A stronger platform for the market rebound

In 2025, H+H delivered revenue of DKK 2,743 million and EBIT before special items of DKK 112 million — up from DKK 63 million in 2024, despite continued weakness in European construction markets. With the German restructuring largely behind us and disciplined cost and cash management in place, we are well positioned for the eventual market recovery.

Key financials

Group revenue

DKK 2,743m

EBIT before special items

DKK 112m

Wall-building materials produced

3.1m m³

Employees across 25 active plants

1,338

Looking ahead

Financial Outlook 2026

Forward-looking statements as outlined on page 2 of the Interim Financial Report for the first six months of 2026 (Company Announcement No. 10/2026) also apply to this outlook.

Organic revenue growth in local currencies

-5% to 0%

EBIT before special items

DKK 50–100m

Key assumptions

Winter weather in Q1

Winter weather in Q1 has negatively affected EBIT before special items by DKK 70 million compared to last year.

German refocus

Expected benefits of DKK 40 million from German restructuring initiated in 2025.

CAPEX

CAPEX for 2026 is expected to be around DKK 100 million.

Cash flow

Free cash flow expected to be positive including cash flow from asset sales.

Macro & FX environment

The outlook assumes no major changes to macroeconomic or geopolitical conditions, and FX assumptions are based on August 2026 actuals combined with forward rates for the remaining part of the year.

Financial calendar 2026

10 Nov 2026

Q3 2026 Interim Financial Report

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General Office

Niclas Bo Kristensen

Head of IR & Treasury (On paternity leave)