Gabriel Holding A/S

Financial targets

Gabriel aims to achieve:

  • return on invested capital (ROIC) averaging at least 15% before tax;

  • an increasing average operating (EBIT) margin;

  • an average annual increase in earnings per share of at least 15%; and

  • an average annual increase in revenue of at least 15%.

In years with acquisitions or major business start-ups, management accepts a temporary decrease in the achievement of its financial targets, provided that the company on average meets the targets over a five-year period.

Strategy

Gabriel is growing with the largest market participants. Gabriel’s growth is based on a global strategy of close  development partnerships and trading relations with approximately 70 selected major leading customers.
Gabriel strives to win the largest possible share of the selected strategic customers' purchase of furniture fabrics, other components and services in the value chain.

Financial Highlights

 

Unit

2024/25

2023/24 

2022/23

2021/22*

2020/21*

Revenue

DKK million

             516.0

483.5

454.5

1065.0

809.7

     Growth**

%

6.7

6.4

-12.6

31.5

11.3

of which exports

DKK million

482.4

447.3

423.1

884.6

688.0

Export percentage 

%

93

93

93

83

85

Earnings before depreciation, amortisation and impairment losses (EBITDA)

DKK million

83.7

56.8

46.9

96.0

96.5

Operating profit (EBIT)

DKK million

44.1

19.7

13.1

53.5

58.6

Net finance income and costs 

DKK million

-13.1

-16.6

-10.4

15.5

-2.8

Profit from continuing operations before tax 

DKK million

33.8

4.0

3.1

69.1

58.8

Tax 

DKK million

-9.0

-5.5

-4.6

-22.4

-12.6

Profit/loss from continuing operations after tax 

DKK million

24.8

-1.5

-1.4

46.7

46.2

Loss from discontinued operations after tax 

DKK million

-17.3

-14.2

-42.7

 

 

Profit/loss for the year

DKK million

7.5

-15.7

-44.1

46.7

46.2

 

 

 

 

 

 

 

Cash flows from:

 

 

 

 

 

 

     Operating activities

DKK million

119.7

37.3

26.5

9.1

39.4

     Investing activities

DKK million

-14.9

-20.9

-34.8

-41.1

-36.6

     Financing activities

DKK million

-78.8

-15.9

-27.6

-45.2

-32.0

     Cash flows for the year

DKK million

26.1

0.5

-52.2

-77.2

-29.2

Investments in property, plant and equipment 

DKK million

8.9

13.9

23.7

32.2

27.8

Depreciation, amortisation and impairment losses 

DKK million

39.6

37.1

33.8

42.6

37.9

Equity**

DKK million

263.7

261.6

275.7

347.1

322.1

Statement of financial position total**

DKK million

745.7

777.2

773.7

861.0

731.2

Invested capital 

DKK million

350.5

362.6

538.3

569.2

474.7

Working capital

DKK million

141.7

156.9

258.1

299.6

223.8

Average number of employees

number

386

389

396

1,358

1,163

Revenue per employee

DKK million

1.3

1.2

1.1

0.8

0.7

 

 

 

 

 

 

 

Financial ratios

 

 

 

 

 

 

Gross margin

%

55.0

51.7

51.4

32.5

36.4

EBITDA margin 

%

16.2

11.7

10.3

9.0

11.9

EBIT margin 

%

8.5

4.1

2.9

5.0

7.2

Return on invested capital (ROIC) before tax

%

9.5

0.9

0.6

15.3

13.3

Return on invested capital (ROIC) after tax 

%

7.0

-0.3

-0.3

11.0

10.4

Earnings/loss per share (EPS)  

DKK

4.0

-8.3

-23.4

24.7

24.4

Earnings/loss per share from continuing operations

DKK

13.1

-0.8

-0.7

 

 

Return on equity  

%

9.4

-0.5

-0.5

17.1

15.3

 

 

 

 

 

 

 

Equity ratio 

%

35.4

33.7

35.6

40.3

44.1

Equity ratio, continuing operations

%

39.1

36.7

 

 

 

Book value per share at year end  

DKK

140

138

146

184

170

Market price at year end 

DKK

240

270

306

515

630

Price/book value 

DKK

1.7

2.0

2.1

2.8

3.7

 

 

 

 

 

 

 

Price earnings (PE) 

DKK

60.7

-32.5

-13.1

20.8

25.8

Price cash flow (PCF)  

DKK

3.8

13.7

21.8

107.1

30.3

 

 

 

 

 

 

 

Proposed dividends per DKK 20 share 

DKK

5.00

0.00

0.00

10.75

9.75

Dividend yield

%

2.1

0.0

0.0

2.1

1.5

Payout ratio 

%

127

0

0

35

40

* No adjustment regarding discontinued operations was made to the financial highlights for the years 2020/21 - 2021/22.

** No adjustment regarding discontinued operations was made to the financial highlights for the years 2020/21 - 2022/23.

Mission

Innovation and value-adding partnerships are fundamental values of Gabriel’s mission statement.

Gabriel is a niche company which, in the entire value chain from concept to furniture user, develops, manufactures and sells upholstery fabrics, components, upholstered surfaces and related products and services. Gabriel develops its services to be used in fields of application where product features, design and logistics have to meet invariable requirements, and where quality and environmental management must be documented.

Vision

Gabriel is to be the preferred development partner and supplier to selected leading international manufacturers and major users of upholstered furniture, seats and upholstered surfaces.

Gabriel will achieve Blue Ocean status through an innovative business concept, patents, licences, exclusivity agreements or similar rights.

Gabriel will have the status of an attractive workplace and partner company for competent employees and companies.

Gabriel Group 2026

Gabriel Group 2026.png