Synes der var flere positive aspekter.
- Næsten 15%-point forbedring i Ebitda YoY
- Fokus på omkostningskontrol
- Q1 er generelt et svagt kvartal
- NES med +1Bn backlog og kommer forsat til at levere gode margins
- Generelt bedre margins "with corresponding improvements in
margins."

Hvordan tænker du det påvirker WDM? - er det mon indregnet i deres guidance?

WindowMaster - Danish Nano-Cap at 3.7x EBIT WindowMaster provides smart ventilation and window automation solutions that enhance indoor climate, improve energy efficiency, and support sustainable building design.

WindowMaster - Danish Nano-Cap at 3.7x EBIT

I have initiated a position in the company, seeing an attractive margin of safety with strong parallels to other previously overlooked nanocaps in Scandinavia. Read my take on the case here:

open.substack.com/pub/williamj...