Summary (comparative figures in parenthesis):
- Gabriel Holding A/S's continuing operations achieved growth of DKK 5.8 million, corresponding to 5%, in the first quarter of the year, bringing revenue to DKK 129.2 million (DKK 123.5 million).
- Growth in the continuing operations is driven by the textile business and progress in North America, Asia, and Europe.
- Management assesses that the growth achieved in recent years - and in the first quarter - in the Group's textile business, which runs counter to general market trends, has been the result of gained market shares. It is also management's expectation that this trend can continue.
- The discontinued operations (FurnMaster) recorded a revenue decline of 19%.
- The primary result (EBIT) for the continuing operations improved from DKK 4.1 million to DKK 9.2 million due to increased revenue, improved gross margin, and an unchanged cost level.
- The Group's furniture manufacturing activities, FurnMaster, remain up for sale and are reported as discontinued operations. Profit after tax from these activities amounted to DKK -3.5 million, compared to DKK -9.4 million in the same period last year.
- The total profit after tax (including the share of the result from discontinued operations) was DKK 2.2 million (DKK -2.2 million).
- Cash flow from operating activities in the Group as a whole amounted to DKK 36.9 million (DKK 33.8 million).
Expectations for the full year 2025/26
Management expects that the challenging market conditions affecting the furniture industry will continue into the 2025/26 financial year, primarily due to ongoing geopolitical risks.
However, the continuing operations achieved growth in revenue and earnings in the 2024/25 financial year. This development continued in the first quarter, and management expects it to persist.
Based on this, revenue from continuing operations is expected to reach DKK 510-550 million and primary earnings (EBIT) of DKK 40-55 million. Following the first quarter, expectations for the full year are maintained.
Expectations for the 2025/26 financial year continue to be subject to significant uncertainty, primarily due to the above-mentioned market-related risks.
This is a translation of the original Danish text. In the event of discrepancies between the Danish and English texts, the Danish version shall prevail.
