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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