H+H Polska Sp. z o.o.

Build with ease

H+H can trace its roots back to 1909, when it was founded in Denmark to mine sand and gravel, and was one of the pioneers in the manufacture of aircrete, which it started in 1937. Today we develop, produce, sell and distribute aircrete products and solutions primarily for walls in residential, industrial and other non-residential buildings.

H+H has built a very strong market position and is today Europe's second-largest aircrete supplier.

Construction techniques may vary greatly from country to country, but our expertise does not, and changing long-standing building traditions takes vision and innovative thinking.

H+H offers a wide range of services and solutions to ensure a high level of customer satisfaction. Our Build with ease value proposition has been incorporated across our sales organisation and is a strong communicator of how we work and where we focus our efforts. Build with ease sets the overall standard for how we work as a team with our customers.

Our markets

H+H operates in a number of countries in Western and Eastern Europe.

H+H's activities in Western Europe cover the Benelux countries, Denmark, Germany, Sweden and the UK. In 2014 we saw a strong recovery in construction activity in the UK, partly driven by government initiatives that continue to stimulate the market. In Germany, following a strong first half we saw a slowdown in our core segments, leading to flat revenue development overall compared with 2013. In the Nordic region, the mild winter boosted activity in the construction sector, which then held up for the rest of the year.

Our activities in Eastern Europe cover Northwest Russia and Poland. In Russia there were no dramatic changes in market conditions in 2014. Despite the political situation in Russia and Ukraine, building activity remained high throughout the year. However, the market in Northwest Russia remains volatile, with low visibility caused by slowdown, geopolitical uncertainty and a significant drop in oil prices. Poland is the biggest aircrete market in Europe, but fierce competition and extensive overcapacity have put pressure on prices. Activity levels have dropped significantly in recent years due to the economic slowdown. With H+H's acquisition at the beginning of 2015 of one of Poland's major aircrete producers, Grupa Prefabet, expectations are that the combined Polish operation will capture synergies in both sales and production.

In general, 2014 was characterised by economic uncertainty which hit construction activity in our markets, but with positive trends in a few areas. The OECD forecasts economic growth in our markets of around 1-2% in 2015.