Gabriel Holding (GABR) Q4 24/25 earnings summary

Executive summary

• Revenue from continuing operations grew 7% year-over-year to DKK 516.0 million, with EBIT more than doubling to DKK 44.1 million, driven by strong performance in the global fabric business and productivity improvements.

• Discontinued operations (FurnMaster units) saw a 10% revenue decline and continued restructuring, especially in Mexico, resulting in a negative EBIT of DKK 15.9 million.

• The sale of FurnMaster units was delayed due to global M&A activity and irregularities in the Mexican unit, but management expects completion in 2025/26.

• A forensic investigation into Mexican operations was completed, leading to corrections and strengthened internal controls.

Financial highlights

• Continuing operations: Revenue DKK 516.0 million (up from DKK 483.5 million), EBIT DKK 44.1 million (up from DKK 19.7 million), EBITDA margin 16.2% (up from 11.7%), EBIT margin 8.5% (up from 4.1%).

• Profit after tax from continuing operations DKK 24.8 million (previous year: negative DKK 1.5 million).

• Cash flow from operating activities DKK 119.7 million (up from DKK 37.3 million).

• Discontinued operations: Revenue DKK 386.8 million (down from DKK 429.1 million), EBIT negative DKK 15.9 million.

• Proposed dividend of DKK 5.00 per share.

Outlook and guidance

• Management expects continued challenging market conditions in 2025/26 due to geopolitical risks.

• Guidance for 2025/26: Revenue DKK 510–550 million and EBIT DKK 40–55 million from continuing operations.

• High uncertainty remains due to market risks.