WindowMaster International

Earlier today, WindowMaster announced that the company has won a contract with Redwood City Veterans Memorial Senior Center in Redwood City, California.

Today, WindowMaster has downgraded its 2023 guidance following a lower order intake and revenue than expected in the first four months of 2023. The company now expects revenue in the range of DKK 240-250m (before DKK 260-270m) and EBITDA in the range of DKK 14-19m (before DKK 23-28m) in 2023. This corresponds to a decline in the revenue range of approx. -7.5% (midpoint in range now compared to before) and a decline in the EBITDA range of approx. -35% (midpoint in range now compared to before).

On 2 May 2023 , HC Andersen Capital and Inderes hosted a virtual live event focusing on small and midsized GreenTech companies in the Nordics. Despite the lower interest rates, rising CO2 prices, and a lot of political support, the green transition investment theme has overall been one of the sectors with the lowest returns based on share price performance this year.

Today, we have released an updated version of our investment case one-pager on WindowMaster following its annual report for 2022. The investment case one-pager provides insights into key investment reasons and risks as well as valuation perspectives.

Today, WindowMaster has announced its annual report for 2022 where revenue grew 14% to DKK 241m, order intake grew 14% to DKK 257m, and EBITDA increased 71% to DKK 17m. Looking into 2023, WindowMaster maintains its 2023 guidance, which was announced in December 2022. This includes revenue of DKK 260-270m (organic growth between 7.7% and 11.8%) and EBITDA guidance of DKK 23-28m, corresponding to an EBITDA margin of 9.6% based on the midpoint in the guidance ranges.

I denne uges QuickTake tager vi et kig på ugens højdespringere, herunder Green Hydrogen Systems, Bang & Olufsen, NTR Holding, WindowMaster og GreenMobility. Derudover kommer vi omkring Novo Nordisk og diskussionen om prissætningen.

HCA Market Close 12/01 2023 – WindowMaster gained as the company announced it has exceeded its revenue and EBITDA guidance for 2022.

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 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%, which is at the top end of WindowMaster’s mid-term (2025) financials targets (CAGR of 10-15%). More importantly, EBITDA is expected to be between DKK 16-5-17.5m, which is 13.3% above the previous guidance of DKK 14-16m. 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.