Gabriel Holding A/S – Nine months of the financial year

Revenue increased by 17% to 251.5 million DKK (215.4 million DKK).
- In the 3rd quarter revenue increased by 26% to 89.3 million DKK (70.9 million DKK)
Operating profit (EBIT) increased by 10% to 21.7 million DKK (19.7 million DKK).
- In the 3rd quarter operating profit increased by 20% to 6.3 million DKK (5.2 million DKK).
Profit before tax increased by 6% to 22.4 million DKK (21.1 million DKK).
- In the 3rd quarter profit before tax increased by 21% to 6.7 million DKK (5.6 million DKK).
Return on invested capital was 13% (14%).
Profit margin was 9% (9%).
The establishment of the production unit FurnMaster in Poland has resulted in one-off establishment costs in Q3.
Gabriel Holding A/S has established an American operating company Gabriel North America Inc. in Grand Rapids, Michigan, USA, in Q3.
The operating company Gabriel A/S has established a sales company Gabriel Sweden AB in Stockholm, Sweden, in Q3.
After the first half-year of 2014/15 management upwardly adjusted its expectations to an organic growth in revenue of the order of 10-15% and an improved operating profit (EBIT) for the financial year 2014/15. After nine months management is upwardly adjusting its expectations to a revenue growth of 15-17% equivalent to 325-330 million DKK (282 million DKK last year) and is specifying its expectations to operating profit (EBIT) of the order of 26-27 million DKK (25.2 million DKK last year).

Gabriel Holding A/S – Nine months of the financial year 2014/15