Gabriel Holding A/S adjusts its expectations for the 2022/23 financial year
23 June 2023 - 11:31PM
Gabriel Holding A/S adjusts its expectations for the 2022/23
financial year
After eight months of the financial year 2022/23, revenue of DKK
638 million (DKK 715 million) has been realized and the operating
profit (EBIT) amounted to DKK 17.1 million (DKK 51.7 million).
Group revenue has been realized in the lower
part of the previous expectations, while the operating profit
(EBIT) has been realized below. The Group’s operating profit is
negatively affected by a decrease in activity level, which means
that in the short term a relative decrease in productivity has been
realized. In addition, there are unfavourable changes in the
Group’s product mix as well as continued inflation impact.
After the first half year, management expected
revenue in the range of DKK 950 – 1,050 million (DKK 1,065 million
in 2021/22) and an operating profit (EBIT) of DKK 35-50 million
(DKK 64,9 million in 2021/22) for the full financial year
2022/23.
After eight months of the financial year
2022/23, revenue is expected to be in the range of DKK 950 – 975
million and an operating profit (EBIT) of DKK 20 – 30 million.
A high level of uncertainty still surrounds our
expectations for the year.
- Gabriel Holding AS - Announcement no 5 - expectations for the
2022_23 financial year
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