WindowMaster International A/S: WindowMaster increases 2024 guidance on revenue and EBITDA
Company announcement - No. 046-2024 - Insider Information
Vedbæk, 7 June 2024
Order intake reached a record high at the end of May, amounting to DKK 279m on 12-month-running basis (May 2023: DKK 235m 12-month-running), equivalent to 19% growth. The strong growth relates to all our main markets and is a token of our ability to deliver on our `Accelerate-Core' strategy. This includes sales to key accounts (OEMs), where business activity is now recuperating from the downturn and high interest environment in the first half of 2023.
Based on the positive developments in order intake (supported by year-to-date May 2024 reporting showing revenue growth of 23% year-on-year), the outlook for 2024 is improved relative to the latest published guidance (No. 044-2024 Vedbaek, 12 April 2024). Revenue in 2024 is now expected to increase to DKK 265-275m, equivalent to approximately 11-16% organic growth. EBITDA is expected to increase to DKK 28-33m, equivalent to an EBITDA-margin in the range 11-12%.
Announcement on 2024 guidance No. 44 on 12. April 2024 No. 46 on 7. June 2024
Revenue DKK 255-265m DKK 265-275m
Revenue growth% 7-11% 11-16%
EBITDA DKK 25-29m DKK 28-33m
EBITDA% 10-11% 11-12%