Gabriel Holding - Earnings Release 2018

Gabriel Holding A/S – first quarter of the 2017/18 financial year

*Gabriel Holding A/S is delivering solid growth in both revenue and profit.*

Revenue increased by DKK 27.7 million (24%) to DKK 144.7 million (DKK 117.0 million).
- The development in revenue is a result of growth on the main markets and in all business units.
The operating profit (EBIT) increased by 64% to DKK 13.7 million (DKK 8.4 million).
- The comparative period (Q1 of 2016/17) was influenced by one-off costs related to the acquisition which was made last year (DKK 2 million).
Profit before tax from continuing operations increased by 49% to DKK 14.2 million (DKK 9.5 million).
Return on invested capital was 35.7% (27.3%).
Operating margin was 9.5% (7.2%).
Expectations for the 2017/18 financial year:
- Revenue and earnings realised for the quarter exceed management’s expectations, which indicates that growth in revenue and earnings for the full year is getting close to 15% in the range of 10-15% stated in the annual report.