Company Announcement No. 051-2025 - Inside InformationVedbaek, 17th January 2025
Based on exceptional strong business performance throughout December, WindowMaster exceeds the 2024 guidance for Revenue and EBITDA.
Compared to the announcement made on December 12th 2024 (Company Announcement No 050-2024), Revenue is now expected to be in the range of DKK 292.5-293.5m (previous expectation: DKK 283-286m) and EBITDA in the range of DKK 36-37m (previous expectation: DKK 34-36m), equivalent to an EBITDA-margin of approximately 12.3-12.6%. Since the year-end closing process is still ongoing, the financial statement for 2024 is still subject to final closing adjustments and audit.
The improvements relate to all markets but especially United Kingdom and North America had a strong December and reflects strong project execution of the new strategy 'Accelerate Core' that was launched in the Summer of 2022.
With the expected revenue growth for 2024 (22.9-23.3%) we are well within the announced growth range of the Accelerate Core Strategy of 10-15% revenue growth.
The outlook for 2025 is unchanged with an expected revenue of DKK 290-310m and EBITDA of DKK 36-41m.
The annual report for 2024 will be published on 19th of March 2025, as previously announced.
For further information:
CEO, Erik Boyter
M: +45 4035 0267
Mail: ekb.dk@windowmaster.com
WindowMaster International A/S
Skelstedet 13
2950 Vedbæk
Denmark
Certified Advisor
Grant Thornton
Jesper Skaarup Vestergaard
M: +45 3179 9000
Stockholmsgade 45, 2100 Copenhagen Ø, Denmark
