H+h International A/s · OMXCOP:HH
H+h International A/s — Q1 2026 Earnings Presentation
14 slides from H+h International A/s's earnings presentation, May 13, 2026
Slide 1: H+H International A/S Q1 2026 Financial Results
H+H International A/S Q1 2026 Financial Results
Slide 2: Forward-looking statements
Forward-looking statements This presentation contains forward-looking statements. Such statements are subject to risks and uncertainties, as various factors, many of which are beyond the control of H+H International A/S, may cause actual developments and results to differ materially from the expecta
Slide 3: Q1 2026 financial highlights
Q1 2026 financial highlights Q1 key takeaways Selected financial figures (1) Our financial results in the first quarter were Figures in DKKm unless otherwise stated. Q1 2025 figures in brackets adversely affected by strong winter weather, which led to a significant decline in construction activity a
Slide 4: Poland
Poland Market developments in Q1 2026 Market development Building Permits in '000 3m rolling y/y (%) ▪ Building permits year-to-date in 2026 have risen by 7% compared to the previous year. 30 50% ▪ More permits have been issued for single-family 25 25% 20 homes than for multi-family units, as invest
Slide 5: HOME – 20% more capacity through de-bottlenecking in Pulawy (PL)
HOME – 20% more capacity through de-bottlenecking in Pulawy (PL) Project Scope: − Increase of production volume by 20% − Additionally, automation of processes and safety improvements − Significant reduction of production cost, resulting in better Gross Margin − Attractive payback Week 45 – Construct
Slide 6: UK
UK Market developments in Q1 2026 Market development Building Permits in '000 3m rolling y/y (%) ▪ Registrations year-to-date is 8% lower in 2026 compared to last year. 30 60% 25 40% ▪ The Bank of England reviewed interest rates on 30 20 20% April, maintaining the rate at 3.75%. 15 0% 10 -20% ▪ Prio
Slide 7: Central Western Europe
Central Western Europe Market developments in Q1 2026 Market development Building Permits in '000 3m rolling y/y (%) ▪ In Germany, permit activity continues to show positive momentum, increasing by 10% year-over- year compared to last year. 35 40% 30 25 20% ▪ General weak economic situation impactin
Slide 8: Weather conditions driving Q1 performance
Weather conditions driving Q1 performance Volumes by quarter (Thousand m3) Revenue by quarter DKKm. Revenue growth (%) UK Poland CWE -15% -17% 791 719 738 763 702 675 673 611 594 237 247 560 210 183 161 212 222 236 209 182 253 260 255 219 217 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2025 Q2 2025 Q
Slide 9: Lower plant utilisation in Q1 impacts earnings
Lower plant utilisation in Q1 impacts earnings Gross Profit (DKKm) Gross Margin (%) EBITDA pr. Region (DKKm) (1) UK Poland CWE 350 30 120 110 300 25 100 24% 35 90 250 22% 22% 22% 20 80 28 70 19 200 23 179 60 15 155 50 146 13% 150 135 67 40 52 10 30 58 5 100 52 73 20 28 5 10 50 10 10 0 4 -2 -10 -18 0
Slide 10: Cash flow in line with expectations despite challenging market conditions
Cash flow in line with expectations despite challenging market conditions Key takeaways Q1 2026 vs. Q1 2025 Free cash flow development (DKKm) ▪ The negative development in -1 EBITDA in Q1 2026 compared to last year was partly offset by improvements in working capital (56) (63) ▪ Net interest-bearing
Slide 11: Reiterating the outlook for 2026
Reiterating the outlook for 2026 Organic growth EBIT before special items (DKKm) -5% to 0% 50 - 100 Key assumptions for the financial outlook for 2026 ▪ The year began with unusually severe winter weather, which significantly reduced sales across all markets and is expected to negatively impact EBIT
Slide 12: Key takeaways
Key takeaways (1) Q1 was significantly impacted by strong winter across all markets, resulting in lower volumes and earnings compared to last year. (2) Since March, activity has improved with Poland showing the strongest momentum and we are on track to meet full-year guidance. (3) We continue buildi
Slide 13: Questions and answers
H+H “PARTNERS IN WALL BUILDING
Slide 14: For further information, please contact
For further information, please contact Financial Calendar 2026 Niclas Bo Kristensen 11 Aug 2026 Q2 Interim Financial Report Head of Investor Relations and Treasury 10 Nov 2026 Q3 Interim Financial Report niclas.kristensen@HplusH.com H+H International A/S Lautrupsgade 7, 5th Floor 2100 Copenhagen Ø