H+H International A/S temporarily ceases production at its facility in Borough Green, UK
Company announcement No. 560, 2024
Following periodical mandatory inspection of the autoclaves at the H+H UK Limited’s production facility in Borough Green, UK, an issue has been identified failing to meet the required safety standards under the UK Pressure Systems Safety Regulations 2000. Consequently, H+H UK Limited's certification under this regulation has been revoked with immediate effect resulting in a cease of production at the Borough Green facility until further notice.
The production facility in Borough Green accounts for approx. 15% of total revenue in the H+H group.
H+H International A/S is actively assessing the situation that has arisen to get an overview of impact on H+H's operations, customers, employees, partners and financially, including impact on the 2024 financial outlook, if any. We will provide further updates as more information on facts and impacts is available.
For further information please contact:
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Bjarne Pedersen CFO +45 22 15 99 37
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Niclas Bo Kristensen Head of Investor Relations and Treasury +45 24 48 03 67
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H+H’s core activity is the manufacture and sale of wall-building materials with a revenue in 2023 of DKK 2.7 billion. The main product lines are aircrete blocks and calcium silicate units used for the residential new building segment. H+H has factories in Northern and Central Europe and has a leading market position. H+H is listed on the Nasdaq Copenhagen stock exchange.