Best third quarter to date for Inwido

This information is such that Inwido AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation. The information was submitted by the contact persons below for publication on Monday, 24 October 2016 at 7:46 a.m.

Inwido’s President and CEO Håkan Jeppsson comments on the third quarter 2016;

“With an operating profit of SEK 202 million (195), we are delivering the best third quarter ever. Just once before have we succeeded in achieving an operating profit of more than SEK 200 million in a single quarter.” 

“Sales increased by 9 percent at the same time that organic sales and order bookings were somewhat weaker than expected, mainly due to the development in Sweden during the summer. Growth strengthened in our other segments.”    

“Profitability continues to develop, not least due to all efficiency enhancements we have made in the production structure, which are becoming apparent in a continuously improved gross margin. The operating margin during the quarter was 14 percent.” 

“Acquisitions are a fundamental part of our growth strategy. So far in 2016, we have acquired companies that provide annual sales of more than SEK 850 million. The acquisitions during the year developed positively during the quarter even if they initially push our operating margin down somewhat.”

“We are continuing to work according to our plan with an emphasis on sales in consumer-driven channels, continuously reviewing our structure to identify further efficiency enhancements if possible and to work on growth both organically and through acquisitions.”

Please read the entire pressrelease in the pdf attached

For more information, please contact:
Inwido AB
Håkan Jeppsson, President and CEO Tel.: 46 (0)10-451 45 51 or 46 (0)70-550 15 17
Peter Welin, CFO Tel.: 46 (0)10-451 45 52 or 46 (0)703 24 31 90 
E-mail: peter.welin@inwido.com

About Inwido
Inwido is Europe’s largest supplier of windows and doors. The company has operations in Denmark, Finland, Norway, Sweden, Austria, Estionia, Ireland, Lithuania, Poland and the UK, as well as exports to a large number of other countries. The Group markets some 20 strong local brands including Elitfönster, SnickarPer, Hajom, Hemmafönster, Outline, Tiivi, Pihla, Diplomat and Sokolka. Inwido has approximately 4,000 employees and generated sales of slightly more than SEK 5.2 billion in 2015. The Group's headquarters are located in Malmö, Sweden. For further information, please visit www.inwido.com

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Inwido is Europe’s largest manufacturer of windows and doors. The company operates in Denmark, Finland, Norway, Sweden, Austria, Estonia, Germany, Ireland, Lithuania, Poland and the UK and also exports products to other countries. Inwido had in 2015 an annual turnover of over SEK 5.2 billion and has 3400 employees. The Inwido headquarter is located in Malmö, Sweden. Inwido reaches the customer with strong local brands, focused on both the consumer and industrial markets. That way they reach a broad market of windows and doors. In 2015, sales to the consumer market were about 70 percent of total sales, while sales to the industrial market accounted for about 30 percent. The consumer market was dominated by housing projects like renovating, re-building and extending current houses. Projects often motivated by public subsidiaries. The industrial customers are mainly bigger construction company´s and house manufacturer were the business is conducted by frameworks agreements and bigger volumes. Friday September 26, 2014 Inwido was listed as a mid-cap company at NASDAQ Stockholm.

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