Strong cash flow and continued favourable growth in e-commerce
Inwido’s President and CEO Henrik Hjalmarsson comments on the third quarter and first nine months of 2019.“During the quarter, we delivered improved earnings, while a strong cash flow brought net debt down to 2.5x EBITDA. This development, towards improved earnings despite challenging markets, testifies to the strength of our new governance model, Simplify.”
“Compared with the corresponding period last year, net sales decreased by 1 percent to SEK 1,665 million (1,682). Despite the lower sales, we increased our profitability to SEK 203 million (202), mainly thanks to early cost saving