A strong start to 2021
President & CEO Henrik Hjalmarsson comments on the first quarter of 2021
“We have begun the year with our best first quarter to date in terms of sales, profits and order intake. During the period, we managed to realize our order backlog from the start of the year into very good sales growth. With the acquisition of MV Center in Finland, we also took an important step in further accelerating our growth ambitions”.
“Backed by a positive consumer market and a continued high growth in e-commerce, net sales increased by 18 percent organically to SEK 1,644 million (1,448). Operating EBITA rose to SEK 121 million (48) and the operating EBITA margin rose to 7.3 percent (3.3). Bolstered by strong profits, we enter the second quarter with a record order backlog of SEK 1,471 million, up 43 percent”.
“Business Area South continued to develop strongly, with solid growth and improved profit. Sales increased organically by 25 percent lifting the operating EBITA margin to 14.6 percent (11.0). E-Commerce continued its profitable growth journey, growing organically by 34 percent. In Business Area North, we are seeing a pleasing trend, with all business units improving their profits, bringing the business area from loss back to profit compared with the corresponding quarter last year. Sales increased organically by 13 percent, lifting the operating EBITA margin to 2.9 percent (negative 0.2)”.
“On the positive side, we see ahead of us continued healthy demand in the consumer market for the near future, a strong e-commerce trend and a stabilizing industry market. On the flipside of the coin, we see increased inflationary pressure, with a limited supply of input materials, bringing short-term pressure on margins before we can fully adjust our sales prices. With our size and market presence, we also see potential in the situation and are working tirelessly to be the best option for our customers”.
See pressrelease with KPI table in PDF
For more information, please contact:
Henrik Hjalmarsson, President and CEO
Tel: +46 (0)76-846 20 46, email: henrik.hjalmarsson@inwido.com
Olof Engvall, Investor & Public Relations Manager
Tel: +46 (0)73-541 45 73, email: olof.engvall@inwido.com
Inwido improves people's lives indoors with windows and doors. As Europe's leading window group, Inwido's business concept is to develop and sell the market's best customized window and door solutions through a decentralized structure and with a focus on the consumer-driven market in order to create long-term sustainable growth, organically and through acquisitions. Inwido consists of 28 business units with approximately 4,300 employees in eleven countries. In 2020 group sales amounted to SEK 6.7 billion with an operating EBITA margin of 10.9 percent. Inwido has been listed on Nasdaq Stockholm since 2014. Follow Inwido on LinkedIn.
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