WindowMaster exceeds Revenue and EBITDA guidance for 2022 with Revenue of DKK 242-243m and EBITDA of DKK 16.5-17.5m

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Company Announcement No. 032-2023 - Inside Information                                                                    Vedbaek, 12th January 2023

Based on continued strong business performance throughout December, WindowMaster exceeds the 2022 guidance for Revenue and EBITDA.

Compared to the announcement made on December 7th 2022 (Company Announcement No 031-2022), Revenue is now expected to be around DKK 242-243m (previous expectation: DKK 233-236m) and EBITDA around DKK 16.5-17.5m (previous expectation: DKK 14-16m).*)

The improvements relate to the Nordics, Switzerland and North America and reflects a faster implementation of the new strategy ‘Accelerate Core’ that was launched in the Summer of 2022.

With the expected revenue growth for 2022 (14.5%) we are already well within the newly announced growth range of the Accelerate Core Strategy of 10-15% revenue growth.

The outlook for 2023 is unchanged with an expected revenue of DKK 260-270m and EBITDA of DKK 23-28m.

The annual report for 2022 will be published on 2nd of March 2023, as previously announced.

*All figures for 2022 are expected figures as the year end closing process is still ongoing. The figures are therefore still subject to final closing adjustments and unaudited.

For further information:

CEO, Erik Boyter
M: +45 4035 0267

WindowMaster International A/S
Skelstedet 13
2950 Vedbæk


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