Gabriel Holding (GABR) Q3 23/24 earnings summary

Executive summary

• Revenue and operating profit (EBIT) increased in Q3 2023/24, with revenue at DKK 230.9 million, up from DKK 223.2 million year-over-year.

• EBITDA for Q3 rose to DKK 22.7 million from DKK 9.5 million, and EBIT improved to DKK 8.6 million from a loss of DKK -2.9 million.

• Profit before tax in Q3 was DKK 6.0 million, reversing a loss of DKK -6.2 million in the prior year.

• Cash flows from operating activities for the nine months reached DKK 29.2 million, up from DKK 15.1 million.

Financial highlights

• Nine-month group revenue was DKK 699.9 million, slightly down from DKK 715.2 million year-over-year.

• EBITDA for nine months was DKK 57.7 million, up from DKK 53.9 million; EBIT was DKK 19.1 million, up from DKK 18.2 million.

• Gross margin improved to 35.7% from 33.5% year-over-year; EBIT margin rose to 2.7% from 2.5%.

• Earnings per share (EPS) for nine months was DKK 2.6, up from DKK 2.4.

Outlook and guidance

• Full-year revenue expected at DKK 880–930 million and EBIT at DKK 8–15 million, with results likely at the high end of the range.

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