WindowMaster (One-pager): Dividend signals strong results and confidence
Yesterday, WindowMaster upgraded its 2024 guidance for the fourth time, released its new 2025 guidance, and announced that the Board of Directors expects to propose a total dividend payout of DKK 5m (DKK 0.34 per share).
We have updated our investment case one-pager based on the new guidance ranges and recent news. Besides looking into the investment case with key investment reasons and risks, we have updated the peer group with valuation multiples compared to other larger Danish-listed construction/building-related companies.
Earlier today, WindowMaster's CEO Erik Boyter and CFO Steen Overgaard Sørensen presented the recent news and answered several questions in an online live event. Watch the presentation here (in Danish): https://www.inderes.dk/videos/windowmaster-management-qanda
HC Andersen Capital receives payment from WindowMaster for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 16:00, 13 December 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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