WindowMaster: Strong results across the board in H1 2024
Today, WindowMaster has reported its H1 2024 report with significant revenue growth, record high order intake, and significantly improved profitability.
In H1 2024, revenue increased by 22% to DKK 140m, order intake (on a 12-month running basis) increased by 15% to DKK 278m, and EBITDA increased to DKK 17m (DKK 3.7m in H1 2023). The EBITDA margin improved to 12.1% (3.2% in H1 2023). Result after tax was DKK 1.8m (DKK -8.6m in H1 2023), and cash flow from operations also improved significantly to DKK 16.1m (DKK 5.1m in H1 2023).
As a result of the positive development, WindowMaster is making a precision of its earlier upgraded 2024 guidance ranges (from 7 June 2024), as WindowMaster now expects to reach the high end of the revenue range of DKK 265-275m and the high end of the EBITDA range of DKK 28-33m.
This is supported by comments about high market activity with demand driven by investments in energy-efficient solutions and environmental regulations in the EU and the US. WindowMaster also highlights that the market for green technology is very attractive in the US with high activity.
Later today at 1:30 p.m., WindowMaster’s management will present the financial results and market outlook in an online live event. Sign up and ask questions here: https://www.inderes.dk/videos/windowmaster-praesentation-af-h1-2024
HC Andersen Capital receives payment from WindowMaster for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 12:09, 16 August 2024.
WindowMaster International
WindowMaster er en dansk clean tech virksomhed, der leverer bæredygtige indeklimaløsninger baseret på intelligent naturlig og blandet ventilation samt varme- og røgventilationsløsninger. Løsningerne er til kommerciel brug, primært i følgende seks segmenter: 1) Kontor, 2) Uddannelsesinstitutioner, 3) Kulturbygninger, 4) Shoppingcentre, 5) Hospitaler og 6) Idrætsfaciliteter. I 2015 blev WindowMaster opkøbt af den nuværende majoritetsaktionær og administrerende direktør, Erik Boyter, i et management buy-in. I dag er virksomheden en global virksomhed med salgsdatterselskaber i Danmark, Tyskland, Irland, Norge, Storbritannien, USA og Schweiz. Virksomheden har været noteret på Nasdaq First North i Danmark siden oktober 2020.
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