#Denmark #Copenhagen #H+H International #Jörg Brinkmann #EBIT Margin

H+H International A/S: Q3 2026 Interim Financial Review

Copenhagen, Denmark – November 10, 2026 – H+H International A/S has released its financial results for the third quarter of 2026, demonstrating resilience in a challenging business landscape. CEO Jörg Brinkmann highlighted the company's stable EBIT margin of 8%, a testament to effective cost management and strategic resilience.

Despite confronting a sales volume drop of 9% compared to last year, primarily in critical markets like the UK and Germany, H+H successfully managed the margins. The ongoing economic challenges, exacerbated by inflation, have pressured the construction sector, yet the company's strategies appear to mitigate these impacts.

Performance Highlights

In the Q3 report, key figures showcase a nuanced performance in various areas:

• - Revenue Trends: The revenue growth in local currencies was recorded at negative 3%, compared to a positive growth of 2% in the same quarter of 2025.
• - Sales Dynamics: The drop in sales volume reflects larger market trends, specifically a notable contraction in both the UK and German markets.
• - Profit Metrics: The gross profit before special items reached DKK 172 million, aligning with a robust gross margin of 24%. Meanwhile, the EBIT before special items stood at DKK 56 million.
• - Cash Flow Analysis: Operating cash flow demonstrated a decline, totaling DKK 69 million, down from DKK 115 million in Q2 2026.

Brinkmann noted that the company's strategic initiatives, including the HOME program, which has seen its best production outcomes since its launch, and the restructuring efforts in Germany are yielding positive results.

Future Outlook

The company's outlook for 2026 remains cautiously optimistic. H+H has narrowed its revenue growth forecasts to a range of -4% to -1%, acknowledging the market's volatility. Furthermore, the EBIT before special items is expected to be between DKK 65 and 85 million.

Market Challenges and Strategies

As H+H navigates through these market dynamics, variables such as low activity in the UK and Germany remain crucial. Jörg Brinkmann has emphasized the importance of strategic planning and a committed workforce for the company to sustain its financial health amidst the pressures of inflation and fluctuating market demands.

The recent introduction of the 'Your First Home' program in the UK reflects the company’s commitment to addressing long-term housing needs, reinforcing confidence in sustainable growth.

Upcoming Engagements

Following the release of the Q3 report, H+H has scheduled a conference call for investors and analysts on November 11, 2026, allowing for further discussion and clarification of the report's implications.

This session will provide stakeholders with insights into the company's strategic direction as it prepares for a leadership transition following Brinkmann’s impending step down.

Conclusion

In summary, H+H International's performance in Q3 2026 illustrates a commendable ability to adapt and manage operations despite challenging circumstances. As the company moves forward, its focus on long-term strategies and market positioning will be pivotal in determining its future success in an evolving housing market landscape.