Best fourth quarter to date 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 Tuesday February 10, 2015, at 07:47.
Inwido’s CEO Håkan Jeppsson comments on the fourth quarter and full-year 2014:
“Over the year, we strengthened our position as Europe’s largest manufacturer of windows.
“In the fourth quarter, we increased our sales by 19 percent, order bookings for comparable units were up by 21 percent and our operating profit increased by 47 percent. In other words, all important key indicators are pointing in the right direction.
“In 2014, we increased our sales by a total of 14 percent and operating profit rose by 46 percent to SEK 502 million. The operating margin again exceeded 10 percent.
“Denmark and Finland achieved their strongest earnings to date and we are also increasing our market share substantially in both of these markets.
“For Inwido, 2014 was a very good year. At the same time, we still have great potential for improvement in many areas. Consequently, we have every reason to look to the future with a certain degree of confidence, despite uncertain external conditions.”
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 Sweden, Denmark, Finland, Norway, Poland, the UK, Austria and Ireland, 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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