H+H International A/S (HH) Earnings Call Transcripts

H+H International A/S's Latest Earnings Call - Q1 FY2026

H+H International A/S reported a challenging Q1 2026, with revenue down 17% year-over-year, primarily due to severe weather conditions impacting both demand and supply. The company maintained its full-year guidance, projecting organic growth of -5% to 0% and EBIT before special items in the range of DKK 50 million to DKK 100 million. Despite the weak start, management noted a recovery in March and positive trends in the Polish market, which could support future performance.

Reported metrics

Guidance from management

Management maintained its full-year guidance for 2026, projecting organic growth of -5% to 0% and EBIT before special items in the range of DKK 50 million to DKK 100 million, indicating confidence in a market recovery despite Q1 challenges.

What management said

That's correct, Anders. And the point is so we are monitoring that monthly and it's also the agreement we have with our customers because that's only fair that we are also adjusting these energy surcharges on a regular level. So it's current view, but this situation might get worse, but it might also improve. And depending on where this is going, we keep the flexibility and in a partnership way, passing that on to th...

Overall, the changes we have seen have not had a big impact from what we're seeing right now. As we indicated with the input cost, yes, there will be some extra pass on to the customers. But again, if we were talking less than 2% so even within the organic growth, we are not out of the band. We are moving a little bit upwards, but that's it. on the more macro level, there's -- it's quite blurry, you can say, but we h...

What analysts pressed on

Analysts expressed concerns about rising input costs and their impact on margins, as well as the ongoing challenges in the German market. There were questions regarding the company's ability to pass on costs and the potential impact of geopolitical factors on guidance.

Main topics on the call

• Impact of Severe Weather — Management highlighted that severe weather conditions in the first eight weeks of the year significantly impacted operations, stating, "you simply cannot build houses and glue blocks together when it's freezing cold." Th...
• Poland Market Recovery — The Polish market showed positive signs with a 7% increase in building permits in Q1 2026 compared to the previous year. Management noted, "stronger volumes coming through" in March, indicating a recovery that supports t...
• Germany's Ongoing Challenges — Germany remains a concern for H+H, with management stating, "Germany is still on transformation" and focusing on cash generation. The market is described as the weakest, with low consumer confidence impacting performance...
• HOME Initiative and Capacity Expansion — The company is executing its HOME Initiative, which includes plant upgrades like the Pulawy plant, increasing capacity by 20%. Management emphasized that this initiative is crucial for future growth and margin improvemen...

Read the full H+H International A/S transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 28 H+H International A/S earnings call transcripts on record, spanning March 11, 2020 to May 13, 2026. Based on this history, H+H International A/S reports quarterly. The most recent call on file is dated May 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HH

Exchange

CPSE

Country

DK

Sector

Materials

Industry

Construction Materials

Calls on record

28

First call

March 11, 2020

Most recent

May 13, 2026

Reporting cadence

quarterly