Brief: Windowmaster International Advances U.S. Investments

WindowMaster International A/S

20/04/2021 07:57

April 20 (Reuters) - WindowMaster International A/S
 WMA.CO :
    * WINDOWMASTER INTERNATIONAL A/S: WINDOWMASTER ADVANCES US
INVESTMENTS - INITIATING PRODUCTION AND SCALING SALES
ORGANIZATION
    * US MARKET IS EXPECTED TO REPRESENT 5 % OF COMPANY TURNOVER
IN
2021 WITH STRONG POTENTIAL TO GROW TO 10 % IN 2-3 YEARS
    * OUTLOOK FOR 2021 OF TURNOVER IN RANGE OF 205 - 215 MILLION
REMAINS UNCHANGED COMPARED TO COMPANY ANNOUNCEMENT NO. 7 OF 9TH
DECEMBER 2020
    * DECISION TO INITIATE PRODUCTION IN US IS EXPECTED TO
ACCELERATE
WINDOWMASTER'S GROWTH IN NORTH AMERICAN MARKET IN YEARS TO COME
    * US DECISIONS ARE EXPECTED TO NEGATIVELY IMPACT EBITDA
LEVEL BY
AROUND DKK 1.5 MILLION AND EBITDA IS THUS EXPECTED TO BE IN
RANGE OF DKK 20.5 - 26.5 IN 2021 COMPARED TO NORMALIZED EBITDA
OF DKK 14.5 MILLION IN 2020
    * TO ESTABLISH FIRST PHASE OF LOCAL PRODUCTION AT FACILITIES
IN
NORTH WALES - PENNSYLVANIA DURING Q3 2021

Source text for Eikon:  ID:nWkr3nXSDh 
Further company coverage:  WMA.CO 

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