WindowMaster International (WMA) H1 2024 earnings summary

Executive summary

• Revenue grew to DKK 140.0m in H1 2024, up from DKK 114.6m in H1 2023, reflecting strong top-line growth.

• Net profit reached DKK 1.8m in H1 2024, reversing a net loss of DKK 8.6m in H1 2023.

• Operating profit improved to DKK 7.1m in H1 2024 from a loss of DKK 6.6m in H1 2023.

Financial highlights

• Gross profit increased to DKK 65.7m in H1 2024 from DKK 51.2m in H1 2023.

• EBITDA rose to DKK 17.0m in H1 2024, up from DKK 3.7m in H1 2023.

• Total assets stood at DKK 154.7m at June 30, 2024, up from DKK 150.0m a year earlier.

• Cash and cash equivalents increased to DKK 11.4m at period end, compared to DKK 3.6m in H1 2023.

• Cash flow from operating activities was DKK 10.3m in H1 2024, up from DKK 0.8m in H1 2023.

Key financial ratios and metrics

• Return on equity improved to 6.6% in H1 2024 from -28.0% in H1 2023.

• Equity ratio was 17.9% at June 30, 2024, compared to 18.8% a year earlier.

• Equity ratio (net cash) was 19.3% at June 30, 2024.