WindowMaster increases 2024 guidance on revenue and EBITDA
Company announcement - No. 046-2024 - Insider Information
Vedbæk, 7 June 2024
Record high order intake leads to improved revenue and EBITDA 2024 guidance
- Order intake reached a record high at the end of May, amounting to DKK 279m on 12-month-running basis (May 2023: DKK 235m 12-month-running), equivalent to 19% growth. The strong growth relates to all our main markets and is a token of our ability to deliver on our ‘Accelerate-Core’ strategy. This includes sales to key accounts (OEMs), where business activity is now recuperating from the downturn and high interest environment in the first half of 2023.
- Based on the positive developments in order intake (supported by year-to-date May 2024 reporting showing revenue growth of 23% year-on-year), the outlook for 2024 is improved relative to the latest published guidance (No. 044-2024 Vedbaek, 12 April 2024). Revenue in 2024 is now expected to increase to DKK 265-275m, equivalent to approximately 11-16% organic growth. EBITDA is expected to increase to DKK 28-33m, equivalent to an EBITDA-margin in the range 11-12%.
| Announcement on 2024 guidance | No. 44 on 12. April 2024 | No. 46 on 7. June 2024 |
| Revenue | DKK 255-265m | DKK 265-275m |
| Revenue growth% | 7-11% | 11-16% |
| EBITDA | DKK 25-29m | DKK 28-33m |
| EBITDA% | 10-11% | 11-12% |
