Analytikerkommentar

WindowMaster initiates a 100-to-1 reverse share split process

Oversigt

WindowMaster plans a 100-to-1 reverse share split, requiring shareholder approval at an extraordinary general meeting.
Shareholders with fewer than 100 shares will have their shares redeemed at market price, while those with shares not divisible by 100 will have excess shares redeemed.
The reverse split aims to reduce share price volatility, attract institutional investors, and potentially facilitate a move to the main market, although no decision on the latter has been made.
HC Andersen Capital, which receives payment from WindowMaster, disclosed this information.

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WindowMaster has decided to initiate a reverse share split and will convene an extraordinary general meeting to authorize the Board to carry out the process.

The company plans a reverse split of 100:1, meaning that 100 existing shares will be combined into one new share.

Shareholders who hold fewer than 100 shares or a number of shares not divisible by 100 at the end of the redemption period will have any excess shares bought back by the company at market price.
In other words, if you hold fewer than 100 shares, all your shares will be redeemed, and if, for example, you hold 950 shares, 50 will be redeemed and you will end up with 9 shares.

In theory, this change will not affect the total value of your WindowMaster holdings. For instance, if you currently hold 100 shares valued at DKK 850 in total, you will have one share worth DKK 850 after the transaction.

The company cites three main reasons for the reverse share split:

To mitigate the risk of high volatility in the company’s share (small trades significantly impacting the share price).
To make the share more attractive to institutional investors, some of whom have minimum share price requirements.
As a potential steppingstone toward a move to the main market, though the company emphasizes that no such decision has been made.

Disclaimer: HC Andersen Capital receives payment from WindowMaster for a Digital IR agreement. Michael Friis 11:55, 21/10/2025.

WindowMaster tilbyder avancerede ventilationsstrategier, der gør det muligt for byggebranchen at reducere sit CO2-aftryk betydeligt. Med målsætningen »At skabe en bedre verden, hvor alle har frisk luft indendørs og et sikkert bygget miljø« udvikler, producerer og distribuerer virksomheden facade- og tagautomatiseringsløsninger til hybridventilation, naturlig ventilation og røgventilationssystemer. I løbet af de seneste fire år (2020-2024) har WindowMaster leveret en rentabel vækst med en omsætningsvækst på 12 % (CAGR), samtidig med at både EBITDA og cashflow er blevet forbedret. Virksomhedens resultater har vist større modstandsdygtighed end den bredere byggematerialesektor, understøttet af dens eksponering over for det mere stabile renoveringssegment, det stærkt regulerede marked for røgkontrol og voksende investeringer i den grønne omstilling. En disciplineret kapitalallokeringsstrategi har skabt betydelig værdi gennem investeringer i innovation, egen produktionskapacitet og den globale salgsorganisation. Disse initiativer har cementeret WindowMasters stærke markedsposition på kernemarkederne i Europa og Nordamerika. Med en robust platform for både organisk og uorganisk vækst er WindowMaster godt positioneret til at skabe langsigtet værdi for aktionærerne. I 2025 udbetalte virksomheden sit første udbytte siden børsnoteringen, hvilket afspejler dens sunde økonomiske fundament og forpligtelse til at skabe værdi for aktionærerne.

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