HCA Market Close 12/01 2023 – WindowMaster gained on guidance beat
HCA Market Close 12/01 2023 – WindowMaster gained as the company announced it has exceeded its revenue and EBITDA guidance for 2022.
Market Movements:
Denmark: OMX:C25 (+0.34%) ; Sweden: OMX:S30 (+0.79%) ; Norway: OBX:OSL (+1.18%) ; S&P 500 (+0.23%) ; Nasdaq (-0.06%); Stoxx 600 (+0.63%)
Market Drivers:
Markets gained, and the dollar fell following today’s much-awaited US CPI data.
Markets had been anticipating today’s CPI numbers for much of this week, with most expecting the data to confirm that inflation is falling. Today’s numbers landed in line with expectations, with CPI falling -0.1%; M/M; against Exp. -0.1%. On a year-over-year basis, these numbers were CPI 6.5% Y/Y; Exp. 6.5%. Core inflation also matched estimates with CPI Core 0.3%; M/M; Exp. 0.3%, and CPI Core 5.7% Y/Y; Exp. 5.7%.
In response to the data, markets assessed the pressure on the Fed to raise rates is reduced, resulting in US bonds gaining (yields down), resulting in a weakening dollar and pushing stocks higher. Markets are now pricing in slightly less than 50 basis points of tightening at the Fed’s next two meetings. Tomorrow markets will assess GDP data from the UK and Germany and learn more about the respective economies’ health and the likelihood of a soft landing.
Snacks from the HCA Platform:
Today, WindowMaster announced that the company has exceeded its revenue and EBITDA guidance for 2022. In 2022, WindowMaster now expects revenue to be in the range of DKK 242-243m, which is 3.4% above the previous revenue guidance of DKK 233-236m (midrange). The midrange in the new guidance range corresponds to a growth rate of 14.7% YoY, which is at the top end of WindowMaster’s mid-term (2025) financial growth target (CAGR of 10-15%). More importantly, EBITDA is now expected to be between DKK 16.5-17.5m, which is 13.3% above the previous guidance of DKK 14-16m (midrange). The better-than-expected financials are driven by the faster implementation of the new strategy ‘Accelerate Core’, and WindowMaster highlights its improvements in the Nordics, Switzerland, and North America. The share gained 12.42% in today's trading.
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Disclaimer: HC Andersen Capital receives payment from the companies for a #DigitalIR agreement./ Philip Coombes 18:15
WindowMaster International
WindowMaster International är en leverantör av kontrollsystem- och automatiserade lösningar. Genom bolagets teknik möjliggörs automatiserad hantering av innertemperatur via sensorsystem som levereras till kundernas fastigheter. Exempel på produkter inkluderar brandlarm, regnsensorer och värmesystem. Bolagets kunder består av små- och medelstora företagskunder inom varierande sektorer. Störst verksamhet återfinns inom den nordiska marknaden.
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