Summary:

Gabriel Holding A/S delivers growth of 14% in revenue and an increase of 16% in profit before tax from continuing operations, as expected for the first quarter.

  • Revenue increased by 14% to DKK 164.8 million (DKK 144.7 million).
  • Operating profit (EBIT) increased by 21% to DKK 16.5 million (DKK 13.7 million).
  • Profit before tax from continuing operations increased by 16% to DKK 16.6 million (DKK 14.2 million).
  • Return on invested capital was 32.8% (35.7%).
  • Operating margin was 10.0% (9.5%).
  • The operating company Gabriel A/S acquired the share capital in the fabric manufacturer UAB Baltijos Tekstilė in Lithuania in the first quarter.

 Expectations for the 2018/19 financial year:

  • Realised revenue and earnings are in line with management’s expectations, which remain: growth in revenue and earnings of the order of 10-20%.

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