WindowMaster: Continues its momentum with new guidance upgrade
This morning, WindowMaster upgraded its 2024 guidance again on revenue and EBITDA. In 2024, the company now expects to reach revenue in the range of DKK 270-280m (before DKK 265-275m), corresponding to organic growth of approx. 13-18% (before approx. 11-16%). EBITDA is expected to increase to the range of DKK 30-35m (before DKK 28-33m), corresponding to an EBITDA margin of approx. 11-12.5%.
The upgrade is based on strong growth in WindowMaster's main markets and the execution of its 'Accelerate Core' strategy. The new guidance is also supported by WindowMaster's internal financial reporting for September 2024 YTD which shows revenue growth of 21% YoY.
With today's new guidance, WindowMaster continues its momentum. The share is currently trading up with an increase of 11.9%.
Read the full announcement here: https://www.inderes.dk/releases/windowmaster-international-as-windowmaster-increases-2024-guidance-on-revenue-and-ebitda-1
HC Andersen Capital receives payment from WindowMaster for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 11:12, 9 October 2024.
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WindowMaster International
WindowMaster is a Danish clean tech company that supplies sustainable indoor climate solutions based on intelligent natural and mixed mode ventilation as well as heat and smoke ventilation solutions. The solutions are for commercial use, primarily in the following six segments: 1) Office, 2) Education institutions, 3) Cultural buildings, 4) Shopping centers, 5) Hospitals and 6) Sports facilities. In 2015, WindowMaster was acquired by the current majority shareholder and CEO, Erik Boyter, in a management buy-in. Today, the company is a global company with sales subsidiaries in Denmark, Germany, Ireland, Norway, United Kingdom, United States, and Switzerland. The company has been listed at Nasdaq First North in Denmark since October 2020.
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