Another strong quarter
President & CEO Henrik Hjalmarsson comments on the third quarter of 2021
”Inwido’s growth journey continues, and it is with great satisfaction that we report our tenth consecutive quarter with increasing margins. We also delivered our highest quarterly profit to date. We achieved a double-digit increase in sales, driven by strengthened market positions and good demand. During the quarter, our capacity utilization increased, the mix was positive and increasing prices for raw material were met with proactive price adjustments. This has successfully defended and strengthened our margins”.
“Net sales increased by 11 percent to SEK 1,897 million (1,716). Operating EBITA rose to SEK 275 million (247) and the operating EBITA margin rose to 14.5 percent (14.4). We enter the fourth quarter with Inwido’s highest order backlog to date of SEK 2,283 million, up 75 percent”.
“Business Area South developed with good growth and improved profit. Sales increased by 11 percent, operating EBITA rose to SEK 206 million (195) and the operating EBITA margin amounted to 23.6 percent (24.7). Business area North experienced positive development in both the Industry and Consumer markets. Sales grew by 10 percent, operating EBITA rose to SEK 78 million (73), while the operating EBITA margin amounted to 7.9 percent (8.2)”.
“During the first three quarters of the year, good growth, proactive price adjustments, increased utilization of capacity and reduced central overheads strengthened all of our key ratios, while investments were made to further expansion, both through acquisitions and organic growth. With a record-strong order book and a stable level of activity in both the Consumer and Industry markets, we look to the near future with confidence”.
“We face the final quarter of the year with great hunger and humble optimism in our endeavor to improve people’s lives indoors, to develop the Group’s employees and to generate increased value for shareholders”.
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 29 business units with approximately 4,600 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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