Gabriel Holding A/S’s continuing operations have generated growth in revenue and operating profit after three quarters

Core Insights - Gabriel Holding A/S reported a turnover of DKK 390.1 million for continuing operations, reflecting a growth of 7% [1] - The operating profit (EBIT) improved significantly from DKK 11.9 million to DKK 31.7 million [1] - Total operations, including discontinued operations, generated revenue of DKK 696.1 million, with an operating profit of DKK 25.0 million [1] Financial Performance - For the first nine months, the total business turnover was DKK 696.1 million, a slight decline of 1% compared to DKK 699.9 million [6] - Excluding the Mexican FurnMaster business, the overall revenue growth was 5% [6] - EBITDA for the total business was DKK 68.1 million, up from DKK 57.7 million, while EBIT was DKK 25.0 million compared to DKK 19.1 million [6] - In Q3, revenue was DKK 219.3 million, with EBITDA at DKK 23.3 million and EBIT at DKK 9.0 million [6] Future Expectations - Management raised expectations for the full year 2024/25, anticipating revenue for continuing operations to be in the range of DKK 510–520 million and EBIT of DKK 35–40 million [4] - The previous expectations were for revenue between DKK 495–520 million and EBIT of DKK 25–35 million [4] - Management noted that the continuing operations have shown growth in revenue and profit, with expectations for this trend to continue despite market uncertainties [7] Market Conditions - The furniture industry is facing challenging market conditions due to geopolitical risks, uncertainty about tariffs, inflation, currencies, and interest rate trends [5] - The Mexican FurnMaster business is undergoing restructuring, leading to an expected decline in revenue [6]