WindowMaster (One-pager): 2024 momentum confirmed by upward adjustment of guidance range
Last week, WindowMaster narrowed its 2024 guidance range upwards with comments about a more positive market outlook. This was supported by a strong Q1 2024, as the order intake grew 24% in the quarter and 10% on a 12-month-running basis.
Based on the new numbers, we have updated our investment one-pager. Besides looking into the investment case with key investment reasons and risks, we have also updated the peer group with valuation multiples compared to other construction/building-related companies.
HC Andersen Capital receives payment from WindowMaster for a Digital IR/Corporate Visibility subscription agreement. /Kasper Lihn 08:00, 16 April 2024.
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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