Summary:
First half-year better than expected at
Selected financial highlights and comments:
- The Group achieved growth in its global fabric business in the half-year, in particular in the business units Gabriel Fabrics and SampleMaster. As expected, revenue from the furniture upholstery units (FurnMaster) was lower
- The Group’s total revenue was
DKK 469.0 million (DKK 492.0 million ) - Earnings before depreciation, amortisation and impairment losses (EBITDA) were
DKK 35.0 million (DKK 44.5 million ) - Operating profit (EBIT) was
DKK 10.5 million (DKK 21.2 million ) - Profit before tax was
DKK 1.2 million (DKK 13.4 million ) - Cash flows from operating activities in the period were positive at
DKK 17.7 million (DKK -3.3 million ) - EBITDA margin was 7.5% (9.0%)
- EBIT margin was 2.2% (4.3%)
- Return on invested capital (ROIC) was 3.6% (4.9%)
Expectations for the full year 2023/24
Following the upward adjustment on
A high level of uncertainty still surrounds the expectations for the year, primarily as a result of the continued geopolitical challenges and since the international demand is challenged by risks relating to inflation and interest rate development.
Attachment
- Gabriel Holding AS - Announcement no 6 - First half of the 2023 24 financial year
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