H+H International A/S Reports Strong Q3 Financial Performance Despite Sales Decline
News related to:H+H International A/S · 2 min read
COPENHAGEN, Denmark, Nov. 10, 2026 /CourierPR/ -- H+H International A/S, a Danish construction company, reported a financially strong third quarter, despite facing challenges in key markets. The company’s chief executive officer, Jörg Brinkmann, highlighted the resilience of the business during a recent press release.
Revenue for the third quarter of 2026, measured in local currencies, showed a 3% decline compared to the same period in 2025. Sales volumes, however, dropped by 9%, primarily due to lower activity in the UK and Germany. Despite these challenges, the company managed to maintain its gross margin at 24%, thanks to successful cost pass-through mechanisms.
The company’s earnings before interest and tax (EBIT) before special items improved to DKK 56 million, up from DKK 53 million in the previous quarter. Cash flow from operating activities before financial items and tax stood at DKK 69 million, a decrease from DKK 115 million in the same period last year.
H+H International A/S’s financial gearing, a measure of the company’s leverage, stood at 3.3 times EBITDA before special items at the end of Q3 2026, compared to 3.4 times at the end of Q2 2026 and 2.5 times EBITDA before special items at the end of Q3 2025.
For the full year 2026, the company has revised its financial outlook. It now expects revenue growth measured in local currencies to be in the range of -4% to -1%, compared to the previous forecast of -5% to 0%. EBIT before special items is expected to be between DKK 65 million and DKK 85 million, down from the previous range of DKK 50 million to DKK 100 million.
The company is scheduled to host a conference call for investors and analysts on Wednesday, November 11, 2026, at 10:00 a.m. CET. During the call, the company will provide further details on its financial performance and outlook for the remainder of the year.
In the face of ongoing inflation, H+H International A/S remains optimistic about its long-term prospects. The company’s HOME programme has achieved its best production performance since its launch, and the German restructuring is on track. The new Your First Home programme in the UK and the structural need for new housing in the company’s markets provide a positive outlook for the future.