Inwido’s best quarter and year

Inwido’s President and CEO Håkan Jeppsson comments on the fourth quarter and full-year 2016: 

“This was Inwido’s best quarter to date. A fine end to a strong year. “ 

“Operating profit rose to SEK 227 million (185) and the operating margin rose to 13.3 percent (12.6). Sales increased by 16 percent to SEK 1,709 million.” 

“Order bookings rose by 15 percent and the order backlog was 16 percent higher than at the same time last year.” 

“For Inwido, 2016 was the strongest year to date, with total sales growth of 9 percent to SEK 5,672 million, while operating profit rose by 14 percent to SEK 673 million. The operating margin landed at 11.9 percent, very close to our official financial target of 12 percent. A good result. “ 

“The acquisitions we made in 2016 have brought annual sales of approximately SEK 900 million. All four developed positively over the quarter, which is very gratifying.” 

“We continue to work towards our vision – improving life at home – while maintaining strong growth in terms of both sales and profitability, which is our priority. Based on the position we have managed to achieve in recent years, we are, on the whole, optimistic entering 2017.” 

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 a leading door supplier. 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 5.7 billion in 2016. The Group's headquarters are located in Malmö, Sweden. For further information, please visit www.inwido.com

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About Us

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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