Company announcement - No. 044-2024 - Insider Information
Vedbaek,
Record high order intake for Q1 2024
- Order intake reached a record high level end of Q1 amounted to
DKK 74m for Q1 2024 andDKK 268m 12-month-running (2023:DKK 60m for Q1 andDKK 244m 12-month-running). This represents a growth of 24% for the quarter and 10% 12-month-running. The strong growth is coming from all our main markets (except Nordic) and is seen as being able to deliver on the strategy "Accelerate-Core" as it is mainly the project business driving the growth. We also see some improvements from our Key Accounts - where the downturn seems to have ended and slowly recuperating. Sales to key accounts (OEMs) were suffering in 2023 as high interest rate environment was affecting residential business in the first half of the year.
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Based on the above positive signs from order intake (supported by internal Q1 2024 reporting showing a revenue growth of 18% year-on-year) the outlook for 2024 is narrowed compared to previous announcement (No. 041-2024
Vedbaek ,22 March 2024 ). Revenue is expected to grow toDKK 255-265 mill., equivalent to approximately 7-11% organic growth (previously announced 5-10%). EBITDA is expected to grow toDKK 25-29 mill., equivalent to an EBITDA-margin around 10-11%.
For further information:
CEO,
M: +45 4035 0267
Mail: ekb.dk@windowmaster.com
WindowMaster International A/S
Skelstedet 13
2950 Vedbæk
Certified Advisor
https://news.cision.com/windowmaster-international-a-s/r/correction-to-previous-annoucement-no-043--windowmaster-narrows-the-2024-guidance-in-the-high-end-of,c3960768
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