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WindowMaster International

895.00 DKK

+3.47 %

Less than 1K followers

WMA

First North Denmark

Industrial Goods & Services

Industrials

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Financials & Estimates
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+3.47 %
-1.10 %
+1.70 %
-4.67 %
+10.22 %
-36.07 %
+73.79 %
-13.78 %
-5.79 %

WWindowMaster offers advanced ventilation strategies, enabling the construction industry to significantly reduce its carbon footprint. Driven by the purpose ‘To create a better world where every person has fresh air indoors and a safe built environment’, the company develops, manufactures, and distributes facade and roof automation solutions for hybrid ventilation, natural ventilation, and smoke ventilation systems. Over the past four years (2020–2024), WindowMaster has delivered profitable growth with a 12% revenue CAGR, while improving both EBITDA and cash flow. The company’s performance has shown greater resilience than the broader building materials sector, underpinned by its exposure to the more stable renovation segment, the highly regulated smoke control market, and growing investments in the green transition. A disciplined capital allocation strategy has created substantial value through investments in innovation, own production capacity, and the global sales organisation. These initiatives have cemented WindowMaster’s strong market position across core markets in Europe and North America. With a robust platform for both organic and inorganic growth, WindowMaster is well positioned to create long-term shareholder value. In 2025, the company paid its first dividend since the IPO, reflecting its healthy financial foundation and commitment to shareholder value.

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Market cap
131.91M DKK
Turnover
118.93K DKK
Revenue
268.59M
EBIT %
3.08 %
P/E
151.69
Dividend yield-%
-
Coverage
Disclaimer
Michael Friis
Michael Friis

Head of Equities

Latest research

Latest analysis report

Released: 2026-05-19

Revenue and EBIT-%
EPS and dividend
Financial calendar
21/8
2026

Interim report Q2'26

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ShowingAll content types

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Press release5/29/2026, 7:00 AM

WindowMaster International A/S strengthens Irish market position through exclusive louvre market partnership

WindowMaster International
Press release5/27/2026, 7:00 AM

WindowMaster International A/S wins order for two community schools in South Yorkshire, UK

WindowMaster International
WindowMaster (Investment case): Macro bites, but structural tailwinds still seem to be there
Research5/19/2026, 1:00 PM by
Michael Friis, Victor Skriver

WindowMaster (Investment case): Macro bites, but structural tailwinds still seem to be there

Following WindowMaster's revised guidance, we have updated our investment case. Our updated investment case covers the key investment reasons, risks, and valuation perspective relative to peers exposed to the construction and materials, as well as the ventilations and building tech sector.

WindowMaster International

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Regulatory press release5/13/2026, 2:47 PM

WindowMaster adjusts guidance for Revenue and EBITDA for 2026 with Revenue of DKK 285-305m and EBITDA of DKK 30-40m

WindowMaster International
Regulatory press release4/22/2026, 6:43 AM

WindowMaster International A/S: Corrections to Financial Calendar for 2026

WindowMaster International
Regulatory press release4/13/2026, 8:30 AM

Correction: WindowMaster International A/S: Annual General Meeting 2026

WindowMaster International
Regulatory press release4/9/2026, 2:59 PM

WindowMaster International A/S: Annual General Meeting 2026

WindowMaster International
Regulatory press release3/31/2026, 5:03 PM

Member of the Board of Directors, Mette Søs Lassesen, will not seek re-election to the Board of Directors at the upcoming Annual General Meeting.

WindowMaster International
WindowMaster (Investment case): High earnings growth set to return in 2026
Research3/31/2026, 6:30 AM by
Michael Friis, Victor Skriver

WindowMaster (Investment case): High earnings growth set to return in 2026

In connection with the publication of WindowMaster's annual report for 2025, we have updated our investment case. Our investment case covers the key investment reasons, risks, and valuation perspectives.

WindowMaster International
WindowMaster: Presentation of Annual Report 2025 (Recording)
Analyst Comment3/30/2026, 12:50 PM by
Victor Skriver

WindowMaster: Presentation of Annual Report 2025 (Recording)

Last week, we hosted an event with WindowMaster’s CEO, Erik Boyter, and CFO, Steen Overgaard Sørensen, who presented the 2025 results and the outlook for 2026. The presentation was followed by a Q&A session.

WindowMaster International
Regulatory press release3/26/2026, 9:12 AM

Correction: WindowMaster Annual Report 2025

WindowMaster International
Press release3/26/2026, 8:00 AM

2025 ESG report emphasises WindowMaster's dedication to responsible ESG reporting

WindowMaster International
Regulatory press release3/25/2026, 8:47 AM

WindowMaster Annual Report 2025

WindowMaster International
Regulatory press release3/20/2026, 9:13 AM

Notice of Annual General Meeting in WindowMaster International A/S

WindowMaster International
Press release3/18/2026, 8:38 AM

WindowMaster International A/S announces Exclusive Partnership with Australian Integrator Partner 

WindowMaster International
Press release2/25/2026, 8:00 AM

WindowMaster & NorDan Unveil Collaboration on Smoke Ventilation for Commercial Façades

WindowMaster International
Press release2/17/2026, 8:41 AM

WindowMaster International A/S wins order for the new headquarters of a major Irish cleantech company

WindowMaster International
Press release1/21/2026, 11:05 AM

Vækstaktier.dk: WindowMaster Raises Its Expectations for the 2025 Financial Year

WindowMaster International
Press release1/21/2026, 10:02 AM

WindowMaster International A/S secures landmark renovation project at Danish university

WindowMaster International
WindowMaster: EBITDA guidance upgrade FY2025
Analyst Comment1/20/2026, 2:09 PM

WindowMaster: EBITDA guidance upgrade FY2025

WindowMaster has upgraded its 2025 EBITDA guidance to DKK 26.5-27.5m (from DKK 23-26m previously and DKK 37.3m in 2024), driven by strong December performance across all markets. Revenue is revised to the lower end of guidance at DKK 269-270m (from DKK 268-275m previously), suggesting margin improvements stem not only from operating leverage but also a favourable product mix and tight cost control. The implicit 2025E EBITDA margin has risen to around 10% (from 8.3-9.7% previously). Notably, 2025 results were burdened by non-recurring costs of DKK 3.5-4.0m that will not repeat.

WindowMaster International