Brief: Gabriel Holding Expects Challenging Market Conditions To Continue In 2023-2024

Gabriel Holding A/S

16/11/2023 12:06

Nov 16 (Reuters) - Gabriel Holding A/S  GABR.CO :
    * CHALLENGING MARKET CONDITIONS WERE A DEFINING FEATURE OF
THE
2022/23 FINANCIAL YEAR, WHICH DELIVERED REVENUE OF DKK 931
MILLION AND OPERATING PROFIT (EBIT) OF DKK 15.9 MILLION
    * EXPECTS THAT CHALLENGING MARKET CONDITIONS WILL CONTINUE
IN
2023/24 FINANCIAL YEAR
    * EXPECTS 2023/24 REVENUE OF DKK 850 - 900 MILLION, A
REVENUE
DECREASE OF 3 - 9%
    * OPERATING PROFIT (EBIT) OF DKK 0 - 10 MILLION IS EXPECTED
FOR
2023/24 FINANCIAL YEAR
    * FINANCE INCOME AND COSTS WILL CONTINUE TO BE NEGATIVE IN
2023/24
AND A NEGATIVE RESULT BEFORE TAX IS THUS ANTICIPATED.

Source text for Eikon:  ID:nGNE3VMHTJ 
Further company coverage:  GABR.CO 

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