Brief: Gabriel Holding Adjusts Its Expectations For FY 2022/23

Gabriel Holding A/S

23/06/2023 14:41

June 23 (Reuters) - Gabriel Holding A/S  GABR.CO :
    * REG-GABRIEL HOLDING A/S ADJUSTS ITS EXPECTATIONS FOR THE
2022/23
FINANCIAL YEAR
    * AFTER EIGHT MONTHS OF FINANCIAL YEAR 2022/23, REVENUE OF
DKK 638
MILLION (DKK 715 MILLION) HAS BEEN REALIZED
    * AFTER EIGHT MONTHS OF FINANCIAL YEAR 2022/23 OPERATING
PROFIT
(EBIT) AMOUNTED TO DKK 17.1 MILLION (DKK 51.7 MILLION)
    * GROUP REVENUE HAS BEEN REALIZED IN LOWER PART OF PREVIOUS
EXPECTATIONS, WHILE OPERATING PROFIT (EBIT) HAS BEEN REALIZED
BELOW
    * OPERATING PROFIT IS NEGATIVELY AFFECTED BY A DECREASE IN
ACTIVITY LEVEL, WHICH MEANS THAT IN SHORT TERM A RELATIVE
DECREASE IN PRODUCTIVITY HAS BEEN REALIZED
    * IN ADDITION, THERE ARE UNFAVOURABLE CHANGES IN GROUP'S
PRODUCT
MIX AS WELL AS CONTINUED INFLATION IMPACT
    * FY 2022/23 REVENUE IS EXPECTED TO BE IN RANGE OF DKK 950 -
975
MILLION
    * FY 2022/23 OPERATING PROFIT (EBIT) IS EXPECTED IN THE
RANGE OF
OF DKK 20 - 30 MILLION

Source text for Eikon:  ID:nGNE97D6BG 
Further company coverage:  GABR.CO 

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