Gabriel Holding (GABR) Q2 25/26 earnings summary

Executive summary

• Revenue from continuing operations grew 1% year-over-year to DKK 263.3 million in H1 2025/26, with EBIT rising to DKK 22.7 million from DKK 20.9 million.

• European and North American sales increased, while Asian sales declined slightly; market conditions in Europe and Asia were negatively impacted in Q2, but the US showed a slight upward trend.

• The discontinued FurnMaster business, still under sale, posted a loss after tax of DKK -8.9 million, an improvement from DKK -10.9 million last year.

• Group cash flow from operations was DKK 38.6 million, down from DKK 51.5 million year-over-year.

• Initiated a share buyback program and entered a liquidity provider agreement with ABG Sundal Collier ASA.

Financial highlights

• EBIT margin for continuing operations improved to 8.6% from 8.0% year-over-year.

• Gross margin for continuing operations was 54.7%, up from 54.4% year-over-year.

• EPS from continuing operations was DKK 9.2, down from DKK 10.1 year-over-year.

• Net profit for the period was DKK 8.5 million, slightly up from DKK 8.2 million last year.

• Cash flow from operations decreased to DKK 38.6 million from DKK 51.5 million.

Outlook and guidance

• Full-year revenue from continuing operations is expected to be DKK 510–550 million, with EBIT forecasted at DKK 40–55 million.

• Management expects challenging market conditions to persist for the rest of the fiscal year, mainly due to ongoing geopolitical risks.