With roots back to 1851, Gabriel is today a niche company within the global furniture industry, which throughout the value chain, from idea to furniture user, develops, manufactures and sells furniture fabrics, components, upholstered surfaces and related products and services, through its business areas Fabrics, FurnMaster, SampleMaster and Screen Solutions. Gabriel sells B2B, and is growing with the largest market participants, working closely with leading international manufacturers and major users of upholstered furniture, seats and upholstered surfaces.
Fredag i forrige uge havde vi fornøjelsen at afholde event med Gabriel, hvor CEO Anders Hedegaard Petersen præsenterede regnskabet for 1. kvartal 2025/26, og kom omkring den seneste udvikling i både de fortsættende og ophørende aktiviteter. Fik du ikke set med kan du se optagelsen her.
The Q1 2025/26 results strengthen confidence in Gabriel's turnaround following the cyclical market downturn and FurnMaster restructuring. While headline results came in slightly below our estimates, the market share gains across geographies and solid margin expansion demonstrate sustained competitive advantages from the "grow with the biggest" key account strategy. Continuing operations can maintain positive development with demonstrated operating leverage and reduced execution risk. We also believe the FurnMaster restructuring progress in Q1 improves the business unit's attractiveness for carve-out, making completion in 2025/26 increasingly likely. With Q1 indicating that the 2024/25 momentum is sustainable, we maintain our recommendation of "Accumulate" with a slightly reduced price target of DKK 270 per share.
Gabriel ventes at offentliggøre regnskab for 1. kvartal 2025/26 – torsdag d. 5. februar 2026. Dagen efter - fredag d. 6. februar kl. 10.00 - har du mulighed for at høre mere om hvordan kvartalet og starten på regnskabsåret er forløbet hos Gabriel. Det sker på et virtuelt live-event, hvor vi har CEO Anders Hedegaard Petersen med fra Gabriel, og foruden en gennemgang af regnskabet, vil der også være tid til spørgsmål fra publikum.
Gabriel har her til formiddag udsendt sit regnskab for 1. kvartal 2025/26, der dækker perioden 1. oktober 2025 til 31. december 2025. Omsætningen kommer ud lidt lavere end vores forventninger imens indtjeningen overgår vores estimat.
Gabriel is expected to report Q1 2025/26 results on Thursday 05 February. The 2024/25 results strengthened confidence in Gabriel's turnaround following a cyclical market downturn and restructuring of its FurnMaster (discontinuing) Mexican subsidiary. Ahead of Q1 results, we believe the market share gains across geographies in 2024/25 reflect a sustained competitive advantage from the "grow with the biggest" key account strategy, supported by global showrooms and dedicated field sales managers. Continuing operations can therefore maintain positive development with more stable markets and reduced tariff uncertainty.