Gabriel Holding (GABR) Q3 24/25 earnings summary

Executive summary

• Revenue from continuing operations grew 7% year-over-year to DKK 390.1 million for the first nine months, with EBIT rising from DKK 11.9 million to DKK 31.7 million.

• Total revenue, including discontinued operations, was DKK 696.1 million, down 1% year-over-year, mainly due to restructuring in the Mexican FurnMaster unit.

• All business units except the Mexican FurnMaster operation saw revenue and profit growth.

• Management believes performance outpaced general market trends, reflecting a strengthened market position.

Financial highlights

• EBITDA from continuing operations increased to DKK 61.7 million from DKK 38.8 million year-over-year.

• EBIT from continuing operations rose to DKK 31.7 million from DKK 11.9 million year-over-year.

• Net profit from continuing operations after tax was DKK 21.0 million, up from DKK 0.3 million year-over-year.

• Cash flow from operations was DKK 85.5 million, up from DKK 29.1 million year-over-year.

• Investments in tangible assets decreased to DKK 5.9 million from DKK 10.5 million year-over-year.

Outlook and guidance

• Full-year revenue for continuing operations is now expected at DKK 510–520 million, with EBIT of DKK 35–40 million, up from previous guidance of DKK 495–520 million in revenue and DKK 25–35 million in EBIT.

• Management expects challenging market conditions to persist due to geopolitical risks, tariffs, inflation, currency, and interest rate uncertainties.

• Despite risks, management anticipates continued growth in revenue and profit.