Company Announcement No. 285, 2013
Copenhagen, Denmark, 2013-05-22 07:57 CEST (GLOBE NEWSWIRE) --
H+H International A/S Dampfærgevej 3, 3rd Floor 2100 Copenhagen Ø Denmark Telephone: +45 35 27 02 00 www.HplusH.com
Key figures for the period 1 January - 31 March 2013
-- First-quarter revenue was DKK 233 million (2012: DKK 273 million).
-- First-quarter EBITDA was a negative DKK 6 million (2012: a positive DKK 4 million).
-- The quarter brought a loss before tax of DKK 36 million (2012: loss of DKK 31 million).
-- Equity at 31 March 2013 was DKK 346 million.
-- Net interest-bearing debt at 31 March 2013 was DKK 615 million.
-- Following the conclusion of negotiations with the unions, it has been decided to close H+H Finland Oy's factory in Ikaalinen in order to boost overall competitiveness and optimise the capacity utilisation of H+H's other factories. The Finnish operation has therefore been reclassified as discontinued in H+H's financial reporting.
-- H+H reiterates its outlook for continuing operations for the 2013 financial year:
- EBITDA before special items of around DKK 90 million.
- Investments in the region of DKK 50 million.
Please see attached pdf file 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 Niels Eldrup Meidahl, CFO, on telephone +45 35 27 02 00.
This is a translation of the company's announcement in Danish. In case of inconsistency between the Danish text and this English translation, the Danish text will take precedence.
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=433480
Copenhagen, Denmark, 2013-05-22 07:57 CEST (GLOBE NEWSWIRE) --
H+H International A/S Dampfærgevej 3, 3rd Floor 2100 Copenhagen Ø Denmark Telephone: +45 35 27 02 00 www.HplusH.com
Key figures for the period 1 January - 31 March 2013
-- First-quarter revenue was DKK 233 million (2012: DKK 273 million).
-- First-quarter EBITDA was a negative DKK 6 million (2012: a positive DKK 4 million).
-- The quarter brought a loss before tax of DKK 36 million (2012: loss of DKK 31 million).
-- Equity at 31 March 2013 was DKK 346 million.
-- Net interest-bearing debt at 31 March 2013 was DKK 615 million.
-- Following the conclusion of negotiations with the unions, it has been decided to close H+H Finland Oy's factory in Ikaalinen in order to boost overall competitiveness and optimise the capacity utilisation of H+H's other factories. The Finnish operation has therefore been reclassified as discontinued in H+H's financial reporting.
-- H+H reiterates its outlook for continuing operations for the 2013 financial year:
- EBITDA before special items of around DKK 90 million.
- Investments in the region of DKK 50 million.
Please see attached pdf file 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 Niels Eldrup Meidahl, CFO, on telephone +45 35 27 02 00.
This is a translation of the company's announcement in Danish. In case of inconsistency between the Danish text and this English translation, the Danish text will take precedence.
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=433480
© 2013 GlobeNewswire
