Gabriel Holding - Earnings Release 2018

Gabriel Holding A/S – three quarters of the 2017/18 financial year

*Summary:*

*Gabriel Holding A/S achieves 22% revenue growth and a 24% increase in profit before tax. Expectations for the financial year are clarified.*

Revenue increased by 22% to DKK 449.4 million (DKK 367.3 million).
- The increase in the third quarter was 24% to DKK 156.5 million (DKK 126.0 million).
Operating profit (EBIT) increased by 26% to DKK 41.0 million (DKK 32.4 million).
- The increase in the third quarter was 24% to DKK 13.4 million (DKK 10.8 million).
Profit before tax increased by 25% to DKK 42.8 million (DKK 34.3 million).
- The increase in the third quarter was 41% to DKK 14.8 million (DKK 10.5 million).
Return on invested capital was 29.4% (29.7%).
Operating margin was 9.1% (8.8%).

In the 2016/17 annual report, management expected growth in revenue of the order of 10-15% and an equivalent increase in profit before tax for the full 2017/18 financial year. After the first half of the year, management adjusted its expectations for the full financial year upwards, to growth in revenue and profit before tax of the order of 20%, the equivalent of DKK 590 million and DKK 56 million respectively.

After three quarters, these expectations are now clarified as follows: revenue of the order of DKK 595 million (+21%) and profit before tax of the order of DKK 56 million (+20%).

Attachment