WindowMaster: Exceptional year-end performance leads to a new upgraded 2024 guidance
Today, WindowMaster raised its 2024 guidance again following an exceptionally strong performance in December. This guidance upgrade comes shortly after WindowMaster's 2024 guidance also was raised for the fourth time on 12 December 2024.
Taking into account that the year-end closing process is still ongoing, the company now expects revenue to be in the range of DKK 292.5-293.5m (previously: DKK 283-286m), corresponding to a growth of around 23%. The growth level is well above WindowMaster's ambitions set out in the 'Accelerate Core' strategy of 10-15% yearly revenue growth. The EBITDA is expected to be in the range of DKK 36-37m (previously: DKK 34-36m), corresponding to an EBITDA margin of around 12.3–12.6%. The company states that the main reason for exceeding the guidance is strong order execution, especially in North America and the UK.
Despite the strong year-end momentum, WindowMaster reiterates its 2025 guidance and expects revenue in the range of DKK 290-310m and EBITDA in the range of DKK 36-41m.
The full 2024 report is expected to be published on 19 March 2025.
HC Andersen Capital receives payment from WindowMaster for a Digital IR/Corporate Visibility subscription agreement. /Michael Friis 15:45, 17-01-2025.
WindowMaster International
WindowMaster International is a provider of control systems and automated solutions. The company's technology enables automated handling of internal temperature via sensor systems that are delivered to customers' properties. Examples of products include fire alarms, rain sensors, and heating systems. The company's customers consist of small and medium-sized corporate customers in various sectors. The largest operations are in the Nordic market.
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