Gabriel Holding (GABR) Q3 24/25 earnings summary

Executive summary

• Revenue from continuing operations for the first nine months reached DKK 390.1 million, up 7% year-over-year, 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.

• Cash flow from operations was DKK 85.5 million, significantly higher than DKK 29.1 million in the prior year.

Financial highlights

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

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

• Investments in tangible assets amounted to DKK 5.9 million for the period, down from DKK 10.5 million year-over-year.

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

• The 49% owned Lithuanian joint venture UAB Scandye contributed DKK 1.9 million to results, up from DKK 0.1 million.

Outlook and guidance

• Full-year revenue for continuing operations is now expected at DKK 510–520 million, up from previous guidance of DKK 495–520 million.

• EBIT guidance raised to DKK 35–40 million, compared to previous expectations of DKK 25–35 million.

• Upward revision follows better-than-expected results for the first ten months.

• 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.