A good start to the year for Inwido
This information is such that Inwido AB (publ) is obliged to publish in accordance with the Swedish Securities Market Act and/or Financial Instruments Trading Act. The information was submitted for publication on Monday April 27, 2015, at 07:47.
Inwido’s CEO comments on the first quarter of 2015:
“We began 2015 in the same way that we ended last year – with a good quarter.”
“In seasonal terms, the first quarter is clearly the weakest quarter of the year for us, yet this year we delivered earnings of SEK 29 million and growth of 15 percent. This represents stable improvement compared to the first quarter of 2014.”
“In our most important segment, the Consumer market, we are continuing to grow well, particularly in Denmark, Sweden and Ireland.”
“Our strategically important realignment process to reduce our exposure to certain parts of the new construction market is continuing. This may mean that we will see variations in volumes and sales.”
“Uncertainty regarding entitlement to tax deductions, loan terms, subsidies and taxation can be decisive for many consumers’ investment and renovation decisions, which has an effect on Inwido. At the same time, there remains a strong underlying need for both renovations and new housing.”
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
Jonna Opitz, SVP Marketing, Sales & Communication Tel.: 46 (0)10-451 45 58 or 46 (0)722 11 90 10
E-mail: jonna.opitz@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 3,300 employees and generated sales of slightly more than SEK 4.9 billion in 2014. The Group's headquarters are located in Malmö, Sweden. For further information, please visit www.inwido.com
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