November 10, 2021 02:03 ET | Source: HH International A/SHH International A/S
Today, the board of directors of HH International A/S (hereinafter referred to as "HH" or "the Group") approved the interim financial report for the first three quarters of 2021 ("Q1-Q3 2021").
CEO Michael T. Andersen Quotes
"I am satisfied with the continued strong organic growth and solid profit margin reported in the third quarter, which marked HH's best nine-month performance in history. I also feel satisfied with the two acquisitions announced since the last earnings report. Very satisfied. These will further strengthen our footprint in Germany and add important production capacity to our German production network, as we plan to carry out certain upgrades in 2022. Although activity in all markets remains high, we are facing input prices Continued inflation and rising transportation costs, the combination of the two, put pressure on our profit margins, but our goal is to offset this negative impact through rising sales prices."
Financial summary for the period from January 1, 2021 to September 30, 2021
* There are no special items in the first quarter of 2021 or the first quarter of 2020
HH Reduce the previously communicated guidance interval:
The financial outlook for 2021 is based on the following specific assumptions:
Q1-Q3 2021 Interim Financial Report Conference Call
With the release of the interim financial report for the first quarter to the third quarter of 2021, a conference call for investors and analysts is scheduled to be held on Wednesday, November 10, 2021 at 10 a.m. Central European Time. During the conference call, CEO Michael T. Andersen and CFO Peter Klovgaard-Jørgensen will present interim financial reports. After the speech, there will be a question and answer session. Investors and analysts are cordially invited to participate by phone:
For more information, please contact:
Andreas Holkjær Investor Relations and Money Manager 45 24 48 03 67 aho@HplusH.com
1 No special projects in 2020 or 2019