0HY9 Gabriel Holding A/s

Gabriel Holding A/S delivers rising revenue and operating profit (EBIT) in the third quarter of the 2023/24 financial year and maintains the upwardly adjusted expectations.

Selected financial highlights and comments:

• Group total revenue was DKK 699.9 million (DKK 715.2 million)
  • Revenue in the third quarter was DKK 230.9 million (DKK 223.2 million)
• Earnings before depreciation, amortisation and impairment losses (EBITDA) were DKK 57.7 million (DKK 53.9 million)
  • EBITDA in the third quarter was DKK 22.7 million (DKK 9.5 million)
• Operating profit (EBIT) was DKK 19.1 million (DKK 18.2 million)
  • EBIT in the third quarter was DKK 8.6 million (DKK -2.9 million)
• Profit before tax was DKK 7.2 million (DKK 7.2 million)
  • Profit before tax in the third quarter was DKK 6.0 million (DKK -6.2 million)
• Cash flows from operating activities in the period were positive at DKK 29.2 million (DKK 15.1 million)
• EBITDA margin was 8.2% (7.5%)
• EBIT margin was 2.7% (2.5%)
• Return on invested capital (ROIC) stood at 4.4% (1.7%)
• In a separate announcement published on 5 August 2024, the company described the launch of a new growth strategy to intensify development of the Gabriel Fabrics and SampleMaster business units. Carve-out of the Group’s FurnMaster units starts at the same time.
  
  

Expectations for the full year 2023/24

On 15 April 2024, management upwardly adjusted its expectations for the year to revenue of DKK 880 – 930 million and operating profit (EBIT) of DKK 8 – 15 million.

After nine months, these expectations are maintained, although both revenue and operating profit (EBIT) are expected to be realised towards the high end of the announced range.

A high level of uncertainty still surrounds the expectations for the year, primarily as a result of the continued geopolitical challenges, and because international demand is challenged by risks of inflation and uncertainty about interest rate trends.

Attachment

• Gabriel Holding AS - Announcement no 8 - 3 quarters of the 2023 24 financial year