Professional Documents
Culture Documents
2
Key figures 2020
10.7
billion
net sales in 2020
48
innovation
centers
160
distribution
Operations in centers
36 markets
870
business locations
32,450
employees
2,000
clients
2,000
suppliers
550,000
customers
>
As the COVID-19 pandemic continues to impact almost all industries and sectors world-
wide, we have seen consumer habits in Asia and beyond change. As such, routes-to-mar-
ket are becoming more diverse, complex and competitive for companies from both the
East and the West.
That’s where we can help you. We are a Swiss organization with over 150 years of experi-
ence in helping companies grow their business in Asia and beyond. And that’s what we
mean when we talk about our industry: Market Expansion Services – of which we are the
leader.
When you partner with us, you get an integrated and comprehensive portfolio of services
precisely tailored to your needs. You also benefit from our in-depth knowledge and in-
sights into local markets, regulations, business networks as well as an omni-channel out-
look.
So if you’re wondering how to reach your business goals and grow your business in the
exciting and diverse region of Asia, and beyond, please get in touch to find out how we
can help you.
Stefan P. Butz
Chief Executive Officer
1
Contents
13 What we do
14 DKSH in brief
15 Market Expansion Services
16 Services we offer
27 About us
28 Organizational structure
30 Our people
32 Sustainability
34 DKSH Identity
36 Our history
38 DKSH locations
Four reasons to partner with us
> Four reasons to partner with us
4
> Four reasons to partner with us
Trusted
partner
As the industry leader in Asia, DKSH is the first choice for clients
seeking a trustworthy and reliable Market Expansion Services partner
who can guarantee the integrity of their value chain and the quality of
their services.
5
> Four reasons to partner with us
6
> Four reasons to partner with us
Unique
value
For more than 150 years, we have been representing Western compa-
nies, and increasingly also Asian brands, in Asia. We have experienced
first-hand all the challenges our partners face – and we have the know-
how they need to overcome them. Simply put, we help companies to
grow their business in new and existing markets.
7
> Four reasons to partner with us
8
> Four reasons to partner with us
Resilient
Unique
Scalable
Well diversified, unique and highly scalable, our business is resilient and
difficult to replicate, resulting in strong barriers to entry and exit. Our
diversity is extremely broad in terms of industries, markets, products,
services and business partners served and forms the foundation for our
continuing growth.
The vast majority of the products we handle are very close to the daily
needs of the people in the markets where we are active, contributing
to the resilience of our business model.
9
> Four reasons to partner with us
10
> Four reasons to partner with us
Driving
growth
11
> Four reasons to partner with us
At DKSH, our business partners are either Our clients Our customers
clients or customers, depending on their Our clients – manufacturers of fast moving Our customers are either manufacturers
position in the value chain and the services consumer goods, luxury and lifestyle prod- to whom we provide technical equipment
we provide to them. Our business model is ucts; pharmaceuticals, consumer health or raw materials, which are processed or
centered on DKSH’s role as the key link be- products and medical devices; specialty used in their own production; retailers such
tween clients and customers. We help our part- chemicals and ingredients; and advanced as supermarkets, department stores, mom-
ners in growing and adding value to their machinery or technical equipment – wish to and-pop stores, luxury and apparel bou-
business and enable them to achieve lasting sell their products in markets with high en- tiques; or doctors, hospitals and pharma-
success. try barriers. cists who resell the products we provide to
end consumers.
As a result of our position as the leading Strategically, our clients want to grow their
Market Expansion Services provider with a business by increasing sales in existing mar- Strategically, our customers want to increase
focus on Asia, we benefit from economies kets, enhancing efficiency and margins, or their sourcing base, market shares and
of scale, unique cross-regional and cross- launching into new markets. We offer revenue opportunities.
industry synergies and significant bargain- Market Expansion Services to clients from
ing power with trade. Europe and the Americas, and increasingly We support our customers in obtaining the
also for clients originating in Asia. best raw materials, products and brands at
Leveraging on our strong market presence, the best price, while providing them with
clients can capitalize on the superior We support our clients in marketing, selling knowledge and market insights.
commercial terms and conditions made and distributing their products, as well as
available by DKSH. On the other hand, our providing after-sales services and market
scope and scale allows us to provide our insights.
customers a comprehensive portfolio of
products and services.
B2B/B2C
B2B
12
> Four reasons to partner with us
What we do
13
> What we do
DKSH in brief
DKSH enriches people’s lives by providing access to goods, services “Being deeply ingrained in the fabric of local
and insights. United by our vision to be the trusted partner, we help
companies grow.
communities, we create impact by catering to
basic needs, bringing joy and fulfilling dreams.
Delivering life-saving drugs to hospitals, bringing high-quality prod- When people see our DKSH truck arriving in a
ucts to remote villages, installing technology that raises living stan-
dards and providing new formulations for healthcare products that remote area, they group around it. It brings ex-
make life easier. These are just a few examples of how DKSH touch- citement and life to town.”
es and enriches people’s lives around the clock.
14
> What we do
Our Market Expansion Services are: Our service philosophy Learn more at www.dksh.com
Comprehensive Our business is about more than simply the
Choose from a complete range of special- exchange and promotion of goods, but
ized services along the value chain – from rather taking on a profound responsibility for
sourcing, market insights, marketing and your products and brand. Our specialists pro-
sales to distribution and logistics and af- actively provide strategic advice based on their
ter-sales services. experience, know-how and networks, gath-
ering data from our hundreds of thousands
Customized of customers and translating it into highly
Our services are precisely tailored to meet detailed and up-to-date market information.
your exact needs. With us, your business is in good hands.
15
> What we do
Services we offer
Distribution
Market Marketing After-sales
Sourcing and
insights and sales services
logistics
Clients Customers
Choose the services you need to grow your • Market entry and long-term business cluding product registration, regulatory
business from our comprehensive and ever- strategies based on our local expertise support, customs handling, importation,
growing omni-channel portfolio. and market intelligence logistics, repackaging, invoicing, cash col-
• Omni-channel insights from data and an- lection, supply chain management and
Sourcing alytics e-fulfillment
Access a global sourcing network with: • A global SAP platform, one of the largest
• Deep industry expertise to provide you Marketing and sales in Asia, which you can align your IT sys-
with any materials and products you need Open up new revenue opportunities with: tem with to receive valuable direct data,
• A cost-effective, quality and dependable • A complete array of marketing and sales such as outlet level transactions, for in-
supply services for your products, including formed decision-making
• Full compliance with safety and environ- eCommerce marketing
mental regulations • Access to all relevant channels to market, After-sales services
customers and outlets across Asia Pacific Service throughout the entire lifespan of
Market insights both offline and online (e-retailers, e-mar- your product with:
Innovate for growth with: ketplaces, etc.) • A broad range of after-sales services and
• Access to our global network of innova- support ensuring top-quality standards,
tion centers where we generate new Distribution and logistics fast problem resolution and the ability to
product ideas, develop and customize Delivery of what you need, at the right time establish a positive product experience
them, work on new ingredients and tech- and place with: • Expertly trained teams providing custom-
nology applications, provide hands-on • An unmatched logistics infrastructure and er service, repairs and maintenance, on-
training and acceptance tests distribution centers to transport, store and the-spot training and know-how transfer
distribute your products across Asia
• Many additional specialized services in-
16
Our Business Units
> Our Business Units
Consumer Goods
19,430
specialists
375,000
retail outlets served
800
clients
23
markets
1
Excluding one-time costs of CHF 14.5 million in
2019
Business Unit Consumer Goods is a leading our business partners’ needs and to deliver
provider of Market Expansion Services with customized solutions to grow their busi-
a focus on fast moving consumer goods, nesses.
food services, luxury goods, as well as fash-
dksh.com/consumergoods ion and lifestyle products. The Business Segment Fast Moving Consumer
Goods serves 375,000 retail outlets and
We help companies grow through a com- operates 65 distribution centers in Asia.
prehensive and customized portfolio of Serving hundreds of boutiques, shops-
Market Expansion Services, including prod- in-shops and brand counters, the Business
uct feasibility studies, registration, importa- Segment Luxury & Lifestyle has a proven
tion, customs clearance, sales, marketing track record as a brand builder in luxury
and merchandising, warehousing, physical goods. Our Business Segment Food Services
distribution, invoicing, cash collection and caters to the rapidly growing hospitality
after-sales services. Our expertise and broad industry in the region. DKSH is also the sole
local knowledge, together with our infra- franchisee and distributor of Levi’s® prod-
structure, enable us to better understand ucts in Thailand, Cambodia and Myanmar.
18
> Our Business Units
Success story:
MARS Wrigley sees increase in sales
despite circuit breaker in Singapore
Background
MARS Wrigley is a US-based leading manu-
facturer of chocolate, chewing gum, mints
and fruity confections. Since 1987, we have
been distributing MARS Wrigley brands such
as M&M’s, Snickers, MARS, Maltesers, TWIX,
Skittles and Eclipse in Singapore. They are
constantly improving the way they source,
make and market their products so that con-
sumers can enjoy the products even more.
Challenge
Due to the COVID-19 circuit breaker im-
posed in Singapore, most convenience
stores reduced their operating hours and
only opened from morning until afternoon.
Consumers were also more inclined to pa- Approach Results
tronize supermarkets rather than conve- Recognizing the various barriers, we worked As a result of the new deployment strategy
nience stores during this period. with the DKSH Smollan Field Marketing and the field marketers readily adapting to
(DSFM) team to help MARS Wrigley adjust the changes, sales grew by more than two
In addition to sales outlets in the Central the marketing coverage plan and to refo- percent in the following quarter after intro-
Business District area having to close oper- cus its marketing efforts onto its key cus- ducing the revised marketing strategy as
ations temporarily during the circuit breaker tomer accounts. As timing was critical, the compared to the year before. This was an
period, there were also reduced consumers specific activities were quickly planned impressive achievement considering the
and purchases at petrol mart outlets as a and implemented together with the client. market situation at that time.
large portion of the population were work-
ing from home. Faced with these challeng- For the convenience store segment, we
es, MARS Wrigley was looking at possibly focused on the central business areas and
recording much lower sales than in previous important parts of the market where con-
months. sumer activity was still strong and the
demand for its product brands was still
present.
19
> Our Business Units
Healthcare
CHF 129.8 million
EBIT (2020)
7,970
specialists
130,000
customers in Asia Pacific
550
clients
16
markets
Business Unit Healthcare helps pharmaceu- ity standards and corporate compliance, we
tical, over-the-counter (OTC), consumer health set the benchmark in Asia Pacific. Our inte-
and medical device and diagnostics compa- grated service offerings are unmatched
nies seeking to grow their business in Asia across the region.
dksh.com/healthcare Pacific.
Our 8,000 healthcare specialists provide
We provide access to multiple professional deep market knowledge coupled with a
healthcare channels in 15 markets in the breadth of capabilities that enables us to
region, including hospitals, clinics, doctors, develop truly customized solutions. We
pharmacies, drugstores, dentists and optical support and represent 550 clients and
outlets. serve 130,000 purchasing and decision-
making customers, thereby improving the
We offer a wide range of solutions from reg- lives of millions of patients across the re-
istration, market entry studies, marketing gion.
and sales, redressing, physical distribution,
as well as invoicing and cash collection. For companies wishing to license out prod-
ucts in the Asia Pacific markets, we are a
With our leading marketing and sales compe- proven partner through stand-alone enti-
tencies supported by regulatory affairs, cus- ties, such as Medinova and Favorex,
tomer care centers and logistics platforms, as brand - owning businesses based in
well as our commitment to international qual- Switzerland and Asia.
20
> Our Business Units
Success story:
Brilliant solution for hospital cold chain
packaging needs
Background
DKSH’s cold chain management system pro-
vides innovative solutions for businesses for
the safe storage and transportation of tem-
perature-sensitive medicines. We ensure that
our partners’ products are secured through-
out the supply chain and logistics process.
Challenge
Healthcare providers, medical facilities and
hospitals are always looking for sustainable
solutions to store, transport and deliver
medicine. As a leading healthcare products
distributor across Asia, including in Thailand,
we are constantly improving our cold chain
management systems for our business part-
ners. dertook the development of the B-Box. The clients to track the exact location of the
B-Box is a temperature-controlled cold chain package when in use.
In terms of cold chain packaging, we want- box that is 100 percent returnable and re-
ed a product to further reduce the carbon usable, available for both 80-liter and 40-li- Results
footprint by replacing dependency on sin- ter packaging. The 80-liter B-Box was initially introduced
gle-use Styrofoam containers. to five hospitals in Thailand, and was sub-
The B-Box, also referred to as the Brilliant sequently taken up by more than 25 hospi-
Approach Box, uses an excellent insulating material tals. Following this success, we introduced
Backed by an experienced team who are that is easy to clean and is ultra-lightweight. the 40-liter variant which is now being used
familiar with the production of biological Yet, it is also robust and designed to be by more than 200 customers in Bangkok
agents for the healthcare industry, we un- stackable for easy storage, safe transport and the Central Region across Thailand.
and built to be more durable than the tra-
ditional Styrofoam boxes. In addition, each
box comes with a unique code that allows
21
> Our Business Units
Performance Materials
CHF 1.1 billion
net sales (in 2020)
CHF 91.7 million
EBIT (2020)
1,260
specialists
20,000
customers
32
markets
Business Unit Performance Materials distrib- and allows us to meet the growing needs
utes a wide range of innovative ingredients of our customers. In collaboration with our
and specialty chemicals for the specialty innovation specialists, our technical sales
dksh.com/ chemicals, food and beverage, pharmaceu- force achieves strong growth for our clients
performancematerials tical and personal care industries. We help and customers.
our partners to grow their business through
our expertise in innovation and formula- We promote our product portfolios through
tion, supply chain, sourcing, regulatory and digital channels to extend our market reach,
digital@PM services. particularly to new generations. Our cus-
tomers, in return, experience a more agile
Our more than 20,000 customers benefit and efficient service through our digital ca-
from reliable and responsible sourcing pabilities. We also enable our sales force
thanks to our global networks and strong with new technologies and next level digital
geographic footprint. We provide regulato- solutions. By providing market insights and
ry consulting, supplier certification and trend analysis, we create business opportu-
product registration to navigate complex nities and strengthen the competitive ad-
regulatory environments and ensure vantage of our clients and customers.
compliance.
With over 1,250 specialists in 120 locations
From our network of 48 state-of-the-art across 32 markets, we cover all of Asia, with
innovation centers, we provide application comprehensive networks in Southeast Asia
know-how and develop cutting-edge for- and Japan, as well as extensive coverage
mulations and solutions. This creates busi- across Western Europe, India and the USA.
22
ness opportunities, reduces time-to-market
> Our Business Units
Success story:
Honeywell regains position as number
one supplier of synthetic wax additives
in Australia
Background
Honeywell is a Fortune 500 industrial-tech
company with about 110,000 employees and
900 sites across the world. Honeywell’s 2019
sales revenue reached USD 37 billion.
Honeywell Additives are one of the largest
global producers of synthetic wax blends used
in Plastics, Rubber, Coating & Paints, Inks and
Asphalt.
Challenge
Australia’s manufacturing sector has As a starting point, we leveraged our mar- Results
changed dramatically over recent years with ket knowledge of the Plastics, Rubber and Within twelve months, Honeywell’s sales of
many companies moving their manufactur- Paint & Coatings industries identifying a their synthetic wax products had surpassed
ing offshore. A prime example is the loss of range of users and new potential customers. their expectations and they achieved the high-
the automotive industry, with the last man- The objective was to understand their needs est level of sales volume in the last six years.
ufacturer (General Motors Holden) closing and what, if any, reapproval process was
their operation in 2017. required.
Honeywell was once in a leading position in DKSH collaborated closely with Honeywell’s
Australia for synthetic wax blends. The commercial and technical teams to provide
change in the manufacturing landscape and recommendations and commercial offers
the lack of market presence, however, re- that helped Honeywell regain its business
sulted in the unsatisfactory performance of and identify some new opportunities that
Honeywell in the past six years and cast Honeywell was not aware of.
many uncertainties as to its future.
We further supported Honeywell with our
Approach Asia-wide distribution network and logistics
The first step was to understand the market supply chain to ensure a continued and unin-
and map out the customers in each of the terrupted supply of products to customers.
segments.
23
> Our Business Units
Technology
CHF 382.5 million
net sales (2020)
CHF 21.8 million
EBIT (2020)
1,540
specialists
25,000
customers in Asia
18
markets
With over 1,500 specialists, including more As a total solutions provider and system
than 650 service engineers, DKSH Business integrator, we serve our customers as a
Unit Technology serves a customer base of one-stop-shop and provide customized
over 25,000 companies. It operates in 18 technology solutions. We not only provide
dksh.com/technology markets from 85 business locations and is professional after-sales services but also
supported by 43 showrooms and demon- cover the entire product life cycle including
stration labs. installation and commissioning, final accep-
tance testing, production start-up support,
Sales and service are our core competencies. training, maintenance, repairs, spare parts
We accompany our clients from developing and consumables supply as well as refur-
a business strategy to translating it into an bishments and trade-ins.
Asian reality. Using a state-of-the-art cus-
tomer relationship management platform, We operate as a trusted link between
we combine extensive industry and product suppliers from Asia, Europe and America
knowledge with a structured and systemat- and customers in Asia, enabling suppliers to
ic sales approach to outperform the market expand their markets and providing custom-
and increase our clients’ market share. ers with access to products from around the
world.
24
> Our Business Units
Success story:
Malvern Panalytical becomes market
leader in Southeast Asia
Background
Malvern Panalytical’s scientific instruments
are used by scientists and engineers across
a wide range of industries to help maximize
productivity, develop better quality products
and get their products out to market faster.
It employs over 2,000 people worldwide and
is recognized as an innovator in the materials
characterization markets ranging from build-
ing materials to pharmaceuticals and from
metals and mining to nanomaterials.
Challenge
About 15 years ago, Malvern Panalytical
recognized Southeast Asia as a growing
market with trends including an increase in
healthcare expenditure due to an aging Approach • They provided comprehensive applica-
population, intra-Asian trade and a focus • They chose us as their single distribution tion support via our local demonstration
by consumers on well-being products. partner for the whole region instead of labs. This included helping customers to
having a scattered distribution network. identify and resolve analysis or applica-
To capitalize on these growing trends in This enabled us to establish a Regional tion issues. They also provided sample
markets like pharma, bio-pharma, food and Center of Excellence with expertise and preparation methods and sample testing
beverage and materials, the company want- capabilities throughout pre- and postsales services for their customers
ed to develop an effective market expan- • They strengthened collaboration through
sion strategy to fuel growth, especially in regional partner networks with academic Results
Southeast Asia, where they had limited professors and industry researchers posi- Over the next five years, Malvern Panalytical
coverage and lacked individual market in- tioning Malvern Panalytical as a thought successfully grew market share in Southeast
sight. leader in the industries they operate in Asia and subsequently strengthened its
• They increased participation in business leadership position in the particle size mar-
trade shows as well as organized semi- ket.
nars, workshops and online webinars in
multiple local languages to enhance
brand awareness and engage more cus-
tomers and industry practitioners
25
> Our Business Units
26
> Our Business Units
About us
27
> About us
Organizational structure
With an organizational structure that cuts DKSH’s overall strategy and direction is Our business activities are managed
through the complexity of the businesses guided by an international Board of Direc- through four highly specialized Business
we manage, we are optimally organized tors. Executive management responsibility Units. Local market organizations imple-
for both today and tomorrow as we for the Group and the implementation of ment Business Unit strategies and enable
continue implementing our strategy for our strategic goals across our markets and region-wide coverage, while our Corporate
growth. Our structure seamlessly leverages Business Units is then ensured by the Exec- Center provides cost-effective services and
the vast resources of knowledge and mar- utive Committee, led by the CEO. a Group-wide infrastructure.
ket power within our organization for the
benefit of all stakeholders.
Executive Committee
Stefan P. Butz
Chief Executive Officer
28
> About us
Read their
biographies at
dksh.com/
who-we-are
Executive Committee
Our people
People – the key to our success and a long history in, markets across Asia. whenever they arise. Our business model
We are proud of our people: they are the More than 30,000 specialists representing encourages self-starters who can easily
best in the industry and the reason for our 75 cultures ensure that we speak your lan- adapt to change. This flexibility to execute
business success. They are passionate, en- guage and understand how to grow your effectively while taking responsibility for
ergetic and purposeful, positively touching business. moving the business forward, lets us recog-
millions of lives through the products and nize and reward high performers.
services we provide. Driving growth, being the difference
We encourage our people to take business Our people are passionate about their ca-
Providing unique value responsibility and career ownership early on reer growth and about business success –
DKSH has a winning formula that combines and to seize development opportunities for DKSH as well as for you, and work as
global reach with a deep understanding of, part of an energetic and successful team.
30
> About us
Learning and development – Fantree Fantree Academy gives our employees ac- DKSH employees is important. We ensure
Academy cess to more than 50 regional programs, relevant and appropriately designed digital
To thrive in a rapidly changing world, we delivered by certified Associate Trainers – solutions are deployed in all core HR and
help our people learn and grow on an on- managers and subject matter experts from related areas, enabling a superior and dif-
going basis. In 2020, DKSH employees com- across DKSH. And Maya offers employees ferentiated people experience.
pleted more than 45,000 learning pro- access to more than 600 online and virtual
grams. learning programs, available on any device, The democratization of data and analytics
at any time. and use of advanced and innovative tech-
Employees drive their personal and profes- nologies is progressing unabated in HR –
sional development through Fantree Modern and innovative HR allowing easy, consistent and timely access
Academy, our in-house learning and devel- Sustainable and profitable growth for DKSH to complete and accurate information for
opment center, and Maya, our online learn- depends on attracting, engaging and retain- all who need it. This drives a robust fact-
ing management system. ing talents – to this end, a modern, connect- based approach, ensuring HR’s ability to
ed and personalized working experience for provide the best advice to our business
and deliver tangible value to DKSH clients
and customers.
31
> About us
Sustainability
32
> About us
33
> About us
DKSH Identity
As an international company with over 30,000 employees, our DKSH Identity brings us together as
one strong DKSH team working towards a shared goal.
Our purpose
Our vision
Our strategy
Our values
Our promise
34
> About us
35
> About us
1865 - 1871 1885 - 1887 1890 - 1900 1900 - 1940 1980 - 2000
Siber & Brennwald Keller acquires Siber & Brennwald SiberHegner & Co. Rejuvenated Asian
founded in Yoko- C. Lutz & Co. enjoys leading po- in Japan hit by economies deliver
hama, Japan and renames it sition in raw silk Great Kanto Earth- impressive growth
(1865) Ed. A. Keller & Co. market and pro- quake, and made until outbreak of
(1887) motes Japanese into public Asian financial crisis
Eduard Anton silk industry (1890) company (1932) (1997)
Keller joins C. Lutz Diethelm acquires
& Co. in Manila, Hooglandt & Co. Diethelm & Co. Diethelm & Co. SiberHegner is
Philippines and sets up markets kerosene, opens new offices in restructured and
(1868) Diethelm & Co. a new phenome- Penang (Malaysia), turns around (2000)
Ltd. (1887) non used for Saigon (Vietnam)
Wilhelm Heinrich lighting, in Singa- and Bangkok Diethelm and Keller
Diethelm joins pore and beyond (Thailand) join forces to found
Hooglandt & Co. (1892) Diethelm Keller
in Singapore Holding Ltd. (2000)
(1871)
In addition to targeting cinema audiences, the company used floating cinemas – boats equipped with a film
projector and a screen – which travelled along Bangkok’s canals to promote the new milk brand in less acces-
sible districts. The publicity blitz for the Bear milk was very powerful indeed – so powerful that Thai people
might have got the impression this milk actually came from bears.
Such innovative and creative marketing efforts paid off. With more and more Thais consuming milk, sales
steadily increased and the new brand found its way into many local kitchens.
36
> About us
In autumn 1872, the Japanese port city, which at that time already
counted more than 300 foreign merchants, saw its first gas lamps
burning thanks to DKSH’s forefathers. Shortly after, we also sup-
plied gas lamps for the iconic Bund in Shanghai.
37
> About us
DKSH locations
For further information and contact details, visit www.dksh.com or the local website:
Asia Pacific
Australia Japan Saipan
dksh.com/australia dksh.com/japan dksh.com
Indonesia Philippines
dksh.com/indonesia dksh.com/philippines
1
Incorporated under DKSH Malaysia
Finland Poland
dksh.com dksh.com/poland
France Portugal
dksh.com/france dksh.com/portugal
Germany Spain
dksh.com/germany dksh.com/spain
Italy Switzerland
dksh.com/italy dksh.com/switzerland
Latvia USA
38 dksh.com dksh.com/usa
Corporate Brochure 2021
Publisher
DKSH Holding Ltd.
P.O. Box 888
Wiesenstrasse 8
8034 Zurich
Switzerland
Phone +41 44 386 7272
Group Marketing
marketing@dksh.com