WindowMaster International A/S
CSE:WMA
WindowMaster International A/S
WindowMaster International A/S is a cleantech company, which engages in the provision of ventilation solutions for commercial use. The firm develops ventilation solutions that help the commercial building industry reduce their CO2 emissions. WindowMaster International A/S provides natural ventilation solutions as well as technological advancements of cloud based IOT solutions in the field.
WindowMaster International A/S is a cleantech company, which engages in the provision of ventilation solutions for commercial use. The firm develops ventilation solutions that help the commercial building industry reduce their CO2 emissions. WindowMaster International A/S provides natural ventilation solutions as well as technological advancements of cloud based IOT solutions in the field.
Disappointing H1: WindowMaster management expressed dissatisfaction with first half 2025 results, citing lower turnover and order intake.
Residential Slowdown: Slow residential construction due to higher interest rates and project delays, particularly in the U.K., weighed on performance.
Second Half Optimism: Management expects a stronger second half, supported by a robust pipeline and historical seasonality.
Guidance Maintained: Despite H1 weakness, the company is confident in meeting its full-year guidance, with July and August already showing improvement.
Operating Leverage: EBITDA is expected to grow faster than revenue in H2 due to the company’s model, with no major cost cuts planned.
Market Commentary: U.K. project delays stem from regulatory changes; U.S. tariffs impact margins slightly but are not a growth barrier.
Warrant Program: Management explained recent exercise of warrants, viewing it as an opportunity and vote of confidence.
Cash Flow & Dividend: Stronger cash flow is expected in H2; no dividend decision for year-end yet, as the focus remains on operational performance.
