Summary:
Selected financial ratios and comments:
- Growth was realised in the Group’s global fabric business in the quarter. As expected, there was a small decrease in revenue from the furniture upholstery units (FurnMaster)
- The Group’s total revenue was
DKK 227.7 million (DKK 241.6 million ) which was at the upper end of the range of expectations - The expectations for the 2023/24 financial year are maintained after the first quarter
- Earnings before depreciation, amortisation and impairment losses (EBITDA) were realised at
DKK 15.9 million (DKK 19.8 million ) - Operating profit (EBIT) was
DKK 3.2 million (DKK 8.1 million ) - The result before tax was
DKK -3.0 million (DKK 3.7 million ) - Cash flows from operating activities in the period were positive at
DKK 26.6 million (DKK 2.0 million ) - EBITDA margin was 7.0% (8.2%)
- EBIT margin was 1.4% (3.4%)
- Return on invested capital (ROIC) was 2.3% (6.1%)
Expectations for the full year 2023/24
Management expects that revenue will be of the order of
Attachment
- Gabriel Holding AS - Announcement no . 1_ Q1 2023-24
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