H+H International A/S Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 17, 2023 at 12:25 pm IST
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H+H International A/S reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was DKK 699,000 million compared to DKK 920,000 million a year ago. Net loss was DKK 30,000 million compared to net income of DKK 78,000 million a year ago. Basic loss per share from continuing operations was DKK 1.8 compared to basic earnings per share from continuing operations of DKK 4.5 a year ago. Diluted loss per share from continuing operations was DKK 1.8 compared to diluted earnings per share from continuing operations of DKK 4.5 a year ago.
For the nine months, sales was DKK 2,071,000 million compared to DKK 2,794,000 million a year ago. Net loss was DKK 138,000 million compared to net income of DKK 275,000 million a year ago. Basic loss per share from continuing operations was DKK 8.5 compared to basic earnings per share from continuing operations of DKK 15.9 a year ago. Diluted loss per share from continuing operations was DKK 8.4 compared to diluted earnings per share from continuing operations of DKK 15.7 a year ago.
H+H International A/S (H+H) is a Denmark-based company engaged in the construction supplies area. The Company specializes in the manufacture and sale of autoclaved aerated concrete (aircrete). The Companyâs aircrete has various applications, including panels and blocks for constructing interior and exterior walls, reinforced elements for floors, walls and roofs, reinforced lintels and blocks for interiors, as well as for foundations. Its customers are primarily contractors, residential and industrial developers, as well as builderâs merchants. The Company operates in a number of European countries, such as Denmark, Germany, the Netherlands, Sweden, the United Kingdom, Poland and Switzerland.