summary:
Gabriel Holding maintains its outlook for the fiscal year after the first quarter, with sales and profits at the high end of the expected range.
Selected financial ratios and comments:
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Growth was achieved in the Group's global fabrics business during the quarter. As expected, revenue from the furniture upholstery unit (FurnMaster) decreased slightly.
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The group's total revenue was DKK 227.7 million (DKK 241.6 million), at the high end of the expected range.
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Forecasts for fiscal year 2023/24 remain in place after the end of the first quarter
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Earnings before depreciation, amortization and impairment losses (EBITDA) were realized at DKK 15.9 million (DKK 19.8 million).
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Operating profit (EBIT) was DKK 3.2 million (DKK 8.1 million).
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The pre-tax result was DKK -3 million (DKK 3.7 million).
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Cash flow from operating activities for the period was positive at DKK 26.6 million (DKK 2 million).
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EBITDA margin was 7.0% (8.2%).
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EBIT margin was 1.4% (3.4%).
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Return on invested capital (ROIC) was 2.3% (6.1%).
Forecast for full year 2023/24
Management expects sales to be in the range of DKK 850 million to DKK 900 million and operating profit (EBIT) in the range of DKK 0 to DKK 10 million, with financial income and expenses remaining negative in 2023/24. , we expect a negative result. Before taxes, cash flow is positive.
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