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The troubled Danish aircrete producer H+H posted a €35.39 million loss in 2009.

Danish H+H post 2009 loss

The troubled Danish aircrete producer H+H posted a €35.39 million loss in 2009 compared to a DKK 1.4 million (€188,000) profit in 2008 due to the downturn in the building sector. The recent share issue carried out by the company secures the survival of the company as it managed to bring down its net interest-bearing debt.

H+H's finance manager Niels Meidahl does not expect the company to post a profit in 2010.

Published 16/03/2010