Core Insights - The company experienced a relatively strong end to the year 2025, with both B2B and B2C sales increasing, leading to a 5% year-on-year organic sales growth to DKK 333 million in Q4 [1][2] - Full-year revenue reached DKK 1,279 million, aligning with the top end of the financial guidance, with a notable increase in order intake for both B2C and B2B segments [2][10] - The gross margin improved to 24.3% in Q4 2025 from 22.5% in Q4 2024, attributed to enhanced sales in core business and positive effects from a new lacquering facility [2] Financial Performance - Adjusted EBIT for Q4 was DKK 30.9 million, slightly up from DKK 29.8 million in Q4 2024, with an adjusted EBIT margin of 12.6% compared to 12.9% in the previous year [4] - Non-recurring items contributed DKK 18.0 million in income related to the acquisition of Celebert ApS, impacting overall financial results positively [5][14] - Free cash flow in Q4 was DKK 11 million, down from DKK 14 million in Q4 2024, while leverage increased to 3.04 from 2.50 [5][14] Future Outlook - The company anticipates moderately positive market developments in 2026, with improving consumer confidence and strong sales in the housing sector, although growth in the B2C kitchen market is expected to be modest [7][8] - Key initiatives for 2026 include the full integration of Celebert ApS, maximizing the value of the new lacquering facility, and the rollout of a new ERP platform [8] - Revenue for 2026 is estimated to be between DKK 1,400 million and DKK 1,500 million, with adjusted EBITA projected in the range of DKK 120 million to DKK 140 million [10]