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Gabriel delivers solid improvement in key figures in the financial year 2024/25
Globenewswire· 2025-11-20 09:57
Core Insights - Gabriel Group demonstrated solid improvement in key financial figures for the 2024/25 financial year, with revenue growth and significant profit improvement in continuing operations, while restructuring efforts are ongoing in the discontinued operations in Mexico [1][2][3]. Financial Performance - In the 2024/25 financial year, Gabriel Group reported revenue of DKK 902.7 million, a slight decrease from DKK 912.3 million in 2023/24. However, operating profit (EBIT) increased to DKK 28.2 million from DKK 10.9 million in the previous year [2]. - Continuing operations generated revenue of DKK 516.0 million, up from DKK 483.5 million, reflecting a growth of DKK 32.5 million (7%). Operating profit (EBIT) for continuing operations was DKK 44.1 million, compared to DKK 19.7 million in the prior year [6][8]. - The operating profit margin (EBIT margin) improved to 8.5% from 4.1%, and profit before tax rose to DKK 33.8 million from DKK 4.0 million. Profit after tax also improved to DKK 24.8 million from a loss of DKK 1.5 million [8]. Business Operations - The strong performance in continuing operations was attributed to growth in the global textile business across North America, Europe, and Asia, alongside stable revenue from the SampleMaster business unit [6]. - The FurnMaster business unit in Mexico is undergoing restructuring, which has negatively impacted its results. The company plans to divest the FurnMaster business units, which are classified as discontinued activities, with expectations for a sale to be completed in the financial year 2025/26 [4][10]. Future Expectations - Management anticipates that challenging market conditions will persist in the 2025/26 financial year, primarily due to ongoing geopolitical risks. However, they expect the trend of revenue and profit growth in continuing operations to continue [10]. - Revenue from continuing operations is projected to be between DKK 510–550 million, with a primary profit (EBIT) expected in the range of DKK 40–50 million for the upcoming financial year [11].