Gabriel Holding A/S upwardly adjusts its expectations for the financial year 2024/25 for the continuing operations

Financial Performance - Continuing operations achieved a revenue growth of 7% to DKK 347 million compared to DKK 324 million in the previous year [1] - Primary result (EBIT) for the first eight months amounts to DKK 28.5 million, up from DKK 10.5 million in 2023/24 [1] - Revenue expectations for the full financial year 2024/25 have been adjusted to a range of DKK 490–520 million, with a primary profit (EBIT) expected between DKK 25–35 million [2] Market Conditions - The furniture industry is facing challenging market conditions, influenced by geopolitical risks and uncertainties regarding tariffs, inflation, currency conditions, and interest rates [4] - Management anticipates that these challenging conditions will persist in the second half of 2024/25 [4] Discontinued Operations - The Group's global furniture manufacturing operations, FurnMaster, are up for sale and reported as discontinued operations, contributing a negative pre-tax profit of DKK 4.9 million in the first eight months [3]