Gabriel Holding (GABR) Q4 23/24 earnings summary

Executive summary

• Realized revenue of DKK 912 million and EBIT of DKK 10.9 million for 2023/24, impacted by irregularities in Mexico and one-off items.

• Core business (global textiles and SampleMaster) achieved 6% revenue growth and 50% EBIT growth year-over-year.

• Launched an adjusted growth strategy focusing on Gabriel Fabrics and SampleMaster, with carve-out of FurnMaster units.

Financial highlights

• Group revenue for 2023/24: DKK 912 million; EBIT: DKK 10.9 million.

• Core business revenue: DKK 483.5 million (up from DKK 454.5 million); EBIT: DKK 19.7 million (up from DKK 13.1 million).

• FurnMaster revenue: DKK 429 million (down 10%); EBIT: DKK -8.8 million.

• Q4 revenue: DKK 212.4 million (-2% year-over-year); Q4 EBIT: DKK -8.2 million due to Mexico irregularities and other one-offs.

Outlook and guidance

• 2024/25 revenue from continuing activities expected at DKK 485–530 million (0–10% growth).

• EBIT guidance for 2024/25: DKK 20–30 million (2023/24: DKK 19.7 million).

• Outlook subject to significant uncertainty from geopolitical risks, inflation, FX, and interest rates.