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Glunz & Jensen Holding (GJ) investor relations material
Glunz & Jensen Holding H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 2026 results were weaker than expected, with revenue and profit impacted by delayed customer equipment pickups, postponing DKK 7.6 million in revenue to H2 2026 and lowering EBITDA and profit before tax by DKK 2.3 million.
Revenue for H1 2026 was DKK 67.0 million, down 10% year-over-year from DKK 74.5 million in H1 2025.
Gross profit margin improved to 27.2% from 26.3% despite lower gross profit in absolute terms.
Equity increased to DKK 117.0 million, with an equity ratio of 50.7% as of June 30, 2026.
Financial highlights
Revenue: DKK 67.0 million (H1 2025: DKK 74.5 million).
Gross profit: DKK 18.2 million (H1 2025: DKK 19.6 million).
EBITDA: DKK 8.4 million (H1 2025: DKK 9.5 million).
Profit before tax: DKK 5.6 million (H1 2025: DKK 6.3 million).
Net profit: DKK 4.3 million (H1 2025: DKK 4.8 million).
Free cash flow: DKK 2.4 million (H1 2025: DKK 1.6 million).
Outlook and guidance
2026 outlook unchanged: revenue expected at DKK 140 million, EBITDA around DKK 18 million, and profit before tax of approximately DKK 12 million.
Outlook excludes potential costs or gains from the ongoing Selandia Park sale process.
Free cash flow will be allocated to business development, technology investments, and debt reduction.
- Profit and margins improved on Flexo growth, with Selandia Park sale process underway.GJ
H2 2025 - Strong H1 2025 results with improved profitability and ongoing Selandia Park sale process.GJ
H1 2025 - Revenue and profit fell, 2024 guidance was cut, and financial covenants were breached.GJ
H1 2024 - Gross margin rose to 26.3% despite lower revenue and profit, with 2025 guidance for improved earnings.GJ
H2 2024
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