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Gabriel FY'2023/24 video – Waiting for the carve-out to unlock value
Gabriel delivered its annual report FY’2023/24 following a delay to the report in November due to accounting irregularities in a Mexican subsidiary of the discontinuing FurnMaster business unit. Despite topline growth of 6.4% y/y and EBIT margin improvement in the continuing operations, ongoing challenging market conditions and short-term uncertainty relating to the discontinuing operations and carve-out process lead to near-term elevated risk in the case. See HCA’s analyst Philip Coombes’ thoughts on the results.
Report: https://www.inderes.dk/research/gabriel-holding-fy202324-waiting-for-the-carve-out-to-unlock-value
Disclaimer: HC Andersen Capital receives payment from Gabriel for a Digital IR agreement and research services. / Philip Coombes 14:35 (updated 14:56), 13/01/2025.