Company Announcement No. 015 - 2021
Due to the political change with the
The US market is expected to represent 5 % of company turnover in 2021 with strong potential to grow to 10 % in 2-3 years. We remain upbeat on our US potential as:
- We currently have approx. 25 % of our active opportunity pipeline originated from the North American market and it continues to grow due to our strong digital marketing and local sales presence.
- We expect the US construction sector to be a strong part of the green recovery of the economy and the green transition.
- We are the only global manufacturer in our industry to have our own sales and distribution presence in this key market.
Therefore, WindowMaster has taken the following decisions:
- to enlarge the
Sales Organization with Business Development capabilities on the East andWest Coast of US to ensure good traction in meeting the current demand for our solutions and the expected surge in demand for energy efficient and sustainable naturel ventilation solutions supporting the current sales organization at our offices inNorth Wales, Pennsylvania andSan Jose, California .
-
to establish first phase of local production at our facilities in
North Wales -Pennsylvania during Q3 2021 making us even more attractive for participating in US construction projects due to the Biden administration focus on US-made, which make us the first global manufacturer of window automation to establish production and have own distribution in the US.
The abovementioned decisions are expected to give WindowMaster a competitive advantage and not least the capabilities to reach our global growth targets.
"We have noticed that the US interest in WindowMaster's green solutions has increased significantly. We predict that WindowMaster could benefit further from the new
The outlook for 2021 of turnover in the range of 205 - 215 million remains unchanged compared to company announcement no. 7 of
For further information:
CEO,
M: +45 4035 0267
Mail: ekb.dk@windowmaster.com
WindowMaster International A/S
Skelstedet 13
2950 Vedbæk
Certified Advisor
Direct(+45) 35 27 50 11, Mobile (+45) 31 79 90 00
Stockholmsgade 45
2100 Copenhagen Ø
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