Brief: Windowmaster 12-Month Rolling Order Intake At DKK 218 Mln

WindowMaster International A/S

12/10/2021 08:01

Oct 12 (Reuters) - WindowMaster International A/S  WMA.CO :
    * WINDOWMASTER ANNOUNCES STRONG GROWING PIPELINE AND RECORD
ORDER
INTAKE BUT INCREASED INFLATION AND DELAYED EXECUTION RESULTS IN
REDUCED EBITDA OUTLOOK FOR 2021
    * 12-MONTH ROLLING ORDER INTAKE IS AT 218 MDKK - RESULTING
IN A
RECORD HIGH ORDER BACK LOG.
    * ORDER INTAKE ALSO GREW IN Q3 YTD 2021 - WITH A 14%
INCREASE
COMPARED TO SAME PERIOD IN 2020
    * NET SALES FOR 2021-Q3 YTD ENDED AT 157M DKK REPRESENTING A
15%
INCREASE COMPARED TO 2020.
    * WINDOWMASTER EXPERIENCE DELAYS IN SYNERGIES FROM
ACQUISITION OF
CLIMATIC A/S IN Q1 2021
    * SEES INCREASE IN DELAYED PROJECT EXECUTION AND SUPPLY
CHAIN
DELAYS - CAUSING SLOWER GROWTH IN 2ND HALF OF 2021
    * THESE DELAYS NEGATIVELY AFFECT EBITDA BY 1.3M DKK COMPARED
TO
PREVIOUS OUTLOOK; IT IS NOT EXPECTED TO CONTINUE INTO 2022
    * GENERAL CONSTRUCTION INDUSTRY IS IMPACTED BY DISRUPTION
AND
DELAYS IN SUPPLY CHAIN
    * MOST CRITICAL SINGLE ELEMENT IMPACTING FINANCIAL OUTLOOK
FOR
2021 IS VERY HIGH INFLATION AND SHORTAGE IN SUPPL
    * WINDOWMASTER HAVE ALSO EXPERIENCED A DELAY IN SALE OF
CLIMATIC'S
NON-CORE ACTIVITY, WHICH IS NOW EXPECTED COMPLETED BY END OF
YEAR.
    * FOR 2022, WINDOWMASTER WILL FOCUS 100% ON REGAINING NORMAL
PROFITABILITY IN DANISH MARKET
    * OUTLOOK FOR 2021 OF TURNOVER IN RANGE OF 205 - 215 MILLION
REMAINS UNCHANGED COMPARED TO COMPANY ANNOUNCEMENT NO. 7 OF
9(TH) OF DECEMBER 2020
    * 2021 EBITDA  EXPECTATION IS ADJUSTED TO BE IN RANGE
BETWEEN
14.5-17.5M DKK COMPARED TO FORMER RANGE OF 18.5-24.5M DKK.

Source text for Eikon:  ID:nWkr7JKvn 
Further company coverage:  WMA.CO 

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