Gabriel Holding (GABR) Q1 24/25 earnings summary

Executive summary

• Revenue from continuing operations grew 6% year-over-year to DKK 123.5 million, driven by strong performance in North America and Asia.

• Operating profit (EBIT) from continuing operations rose to DKK 4.1 million from DKK 0.4 million year-over-year.

• Total operations revenue was DKK 228.1 million, nearly flat compared to DKK 227.7 million last year; EBIT declined to DKK 0.3 million from DKK 3.2 million.

• Discontinued operations (FurnMaster units) posted a negative result of DKK 9.4 million after tax, with European units stable but Mexico underperforming.

Financial highlights

• EBITDA from continuing operations increased to DKK 13.8 million (from DKK 9.1 million); EBITDA margin improved to 11.3% (from 7.9%).

• EBIT margin from continuing operations rose to 3.3% (from 0.3%).

• Return on invested capital (ROIC) improved to 4.5% (from 0.4%).

• Cash flow from operating activities (total operations) was DKK 33.8 million, up from DKK 26.6 million.

• Gross margin from continuing operations increased to 53.1% (from 50.2%).

Outlook and guidance

• Management maintains full-year guidance for revenue of DKK 485–530 million (0–10% growth) and EBIT of DKK 20–30 million from continuing operations.

• High uncertainty remains due to geopolitical risks, tariffs, inflation, currency, and interest rate trends.