Best start ever for Inwido
Inwido’s President and CEO, Håkan Jeppsson, comments the first quarter of 2017:
“We have begun 2017 with our best first quarter to date in terms of earnings, sales and orders.”
“Operating profit rose to SEK 83 million (37) and total sales rose by 30 percent to SEK 1,365 million. This means that the rolling-12-month operating margin is now in line with our target of 12 percent.”
“Order bookings rose by 38 percent and the order backlog was 29 percent higher than at the same time in the preceding year.”
“At the same time, we must remember that the first quarter is our smallest seasonally and last year Easter fell in the first quarter, which affects the comparison figures somewhat.”
“We see a positive trend in consumer confidence in all of our markets, which is also reflected in the continued strong growth in our e-commerce operations. Sales increased by 51 percent over the quarter, with continued good profitability.”
“We continue to work towards our vision – improving life at home – while strong earnings growth, based on increased sales and continuously improved efficiency, is a high priority. Bolstered by the strong start to the year, we remain optimistic about the remainder of 2017.”
Read the full pressrelease in the pdf attached
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
Peter Welin, CFO Tel.: 46 (0)10-451 45 52 or 46 (0)703 24 31 90
E-mail: peter.welin@inwido.com
About Inwido
Inwido is Europe’s largest supplier of windows and a leading door supplier. 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 4,000 employees and generated sales of slightly more than SEK 5.7 billion in 2016. The Group's headquarters are located in Malmö, Sweden. For further information, please visit www.inwido.com
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