Automatic translation: Originally published in Danish 09/10/2026, 06:45 GMT. Give feedback here.

Trifork announced a new SVP yesterday in charge of the group's Public Sector vertical, reporting to the Executive Management, just two days after appointing a Vice President for the public market in Denmark. Two senior hires in under a week underline that the public sector is being elevated from a Danish focus area to a group vertical, where products such as Corax, Netic Contain, and Trifork Health Platform are to be scaled across markets. This aligns with the figures, where the public business grew by 33% in Q2 and now accounts for approximately 50% of group revenue (Q2 2025: 40%), with 3 out of 4 tenders won over the LTM and two-thirds of the pipeline in Denmark. No direct financial impact, but a clear reinforcement of the company's largest growth driver. https://www.inderes.dk/releases/trifork-appoints-kristian-hjort-madsen-as-svp-of-its-public-sector-business

Gabriel on MS: We have updated our research on Gabriel after the company upgraded its guidance for the 2025/26 financial year following a strong Q4. Gabriel now expects revenue of DKK 537-539M and an EBIT of DKK 50-52M for continuing operations. This places EBIT in the upper half of the initial range of DKK 40-55M. Q4 revenue grew by approx. 13%, which was above management's own expectations and a clear boost from growth of 1.6% in the first nine months of the year. The new guidance implies an EBIT margin of approx. 11.5% in Q4, so the margin progress does not appear to be driven by volume alone. We are raising our EBIT estimate for 2025/26 by 12% to DKK 51.1M, while the following years are raised by approx. 1%. We reiterate our "Accumulate" recommendation and target price of DKK 270 ahead of the annual report on November 25, which is expected to include guidance for 2026/27 for the continuing business. Read the full research report here: https://www.inderes.dk/en/research/gabriel-guidance-upgrade-confirms-margin-progress

Disclaimer: HC Andersen Capital receives payment from the mentioned companies for a Digital IR subscription agreement. /Michael Friis on October 9, 2026 at 8:45 AM.