WindowMaster: Exceeds its 2022 guidance for both revenue and EBITDA
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 YoY of 14.7%, which is at the top end of WindowMaster’s mid-term (2025) financial growth target (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.
There are no changes to WindowMaster’s 2023 guidance, which are revenues of DKK 260-270m and EBITDA of DKK 23-28m. WindowMaster is expected to announce its annual report for 2022 on 2 March 2023.
HC Andersen Capital receives payment from WindowMaster for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 17:22, 12 January 2023.
WindowMaster International
WindowMaster is a Danish clean tech company that supplies sustainable indoor climate solutions based on intelligent natural and mixed mode ventilation as well as heat and smoke ventilation solutions. The solutions are for commercial use, primarily in the following six segments: 1) Office, 2) Education institutions, 3) Cultural buildings, 4) Shopping centers, 5) Hospitals and 6) Sports facilities. In 2015, WindowMaster was acquired by the current majority shareholder and CEO, Erik Boyter, in a management buy-in. Today, the company is a global company with sales subsidiaries in Denmark, Germany, Ireland, Norway, United Kingdom, United States, and Switzerland. The company has been listed at Nasdaq First North in Denmark since October 2020.
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