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 2. kvartal 2025/26, og kom omkring den seneste udvikling i både de fortsættende og ophørende aktiviteter.
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The Q2 2025/26 results confirm Gabriel's continuing operations are resilient in a challenging market, though the headline is weighed down by a steeper-than-expected FurnMaster revenue decline. Management's decision to maintain full-year continuing operations guidance of revenue MDKK 510-550 and EBIT MDKK 40-55, despite a softer Q2 in Europe and Asia, signals confidence in a stronger H2 as investments in new key account managers begin generating returns. Gross margins remain strong and the balance sheet is in its best shape in years, supporting the ongoing share buyback programme. We maintain our recommendation of "Accumulate" with a adjusted target price of DKK 280 per share, though we revise group estimates lower primarily on FurnMaster.
Gabriel ventes at offentliggøre regnskab for 2. kvartal 2025/26 - torsdag d. 7. maj 2026. Dagen efter - fredag d. 8. maj kl. 10.00 - har du mulighed for at høre mere om hvordan kvartalet 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 Holding will report its Q2 2025/26 results on Thursday, May 7, 2026. We expect the group results to show a continued revenue decline y/y, driven entirely by the ongoing FurnMaster wind-down, while continuing operations should demonstrate sustained growth from the key account strategy. We estimate that the EBIT margin in Q2 will expand slightly, despite being at a similar level in absolute terms, reflecting operating leverage in the continuing business, and a less negative effect from FurnMaster. Our recommendation remains Accumulate with a target price of DKK 270 per share.
I dagens Morgenbørs ser vi ind i faldende markeder på fortsat usikkerhed om hvor konflikten imellem USA og Iran lander. Herhjemme fokus på FLS, Royal Unibrew, H+H m.fl.