High Gross And Operating MarginsSustained high gross (~61%) and EBIT (~11.7%) margins indicate persistent pricing power and cost control in the premium wallpaper niche. Over months this margin structure supports durable cash generation, resilience to input-cost swings and capacity to fund product development, marketing, or dividends.
Materially Improved LeverageDebt-to-equity falling to ~0.27 from ~0.70 (2022) meaningfully lowers financial risk and interest burden. This stronger capital structure increases flexibility for reinvestment, acquisitions or dividend support and reduces refinancing risk across a 2–6 month horizon.
Strong Free Cash Flow And Earnings QualityFCF of 78m TTM that tracks earnings (~0.89x) signals good earnings quality and the ability to fund operations and shareholder returns without heavy external financing. Over the medium term this reliability underpins balance-sheet repair, dividend sustainability and strategic reinvestment.