The jump in EBIT from DKK 11.9 million to DKK 31.7 million is primarily a result of revenue growth combined with margin expansion in the continuing operations. After nine months the business generated DKK 390.1 million in sales – a 7 % year‑over‑year increase – which lifted the top line without a proportional rise in operating costs. Management has emphasized tighter cost control, better pricing power, and the successful integration of recent acquisitions, all of which compressed the expense base and pushed the EBIT margin from roughly 3.0 % to 8.1 %. Ancillary drivers include a modest decline in raw‑material input prices and the phasing out of under‑performing legacy product lines, which further freed cash flow.
From a trading perspective, the stronger EBIT signals a shift from a low‑margin growth phase to a more profitable, cash‑generating profile, which can re‑rate the stock on both a relative‑valuation (EV/EBIT) and earnings‑multiple basis. The market has already priced in a 70‑point positive sentiment, so a breakout above recent resistance (around DKK 120) on higher volume could confirm the upside narrative, while a pull‑back toward the 20‑day moving average would present a potential entry on a dip. Investors should watch for guidance updates in the Q3 release on August 28; any upward revision to FY 2024/25 guidance or confirmation of continued cost‑discipline would justify a short‑to‑medium‑term bullish allocation, whereas a miss on margin expectations could trigger a corrective sell‑off.