Best start to a year – to date
The good development in 2021 continued into the first quarter of 2022. Inwido has increased net sales by 26% to SEK 2,073 million (1,644), while operating EBITA increased to SEK 180 million (121), which gives an operating EBITA margin of 8.7 % (7.3). Overall, this means that this is the best first quarter to date for Inwido.
“The positive development from 2021 continued into the first quarter of 2022. Strong organic sales growth combined with active efforts to raise prices to counter higher input material prices resulted in Inwido’s best first quarter to date. During the quarter, we acquired Dekko Window Systems, a piece of the puzzle in achieving our long-term growth objective, while our focused efforts to increase our contribution to a more sustainable society continues as planned,” President & CEO Henrik Hjalmarsson comments.
The first quarter of 2022 is the first report where operations are reported in the four business areas: Scandina-via, Eastern Europe, e-Commerce and Western Europe. In the quarter, three out of four business areas showed both increased sales and higher margins. The exception is e-Commerce, which after a very strong development in recent years had a challenging quarter, which is due to that the implementation of capacity-enhancing and growth-promoting machine investments at the factory in Estonia has not progressed as planned. This temporari-ly affected both production and sales.
A clear sign of strength is that order intake increased by 28% and the order backlog by 57% to SEK 2,311 million.
“The first quarter was the best start to a year to date for Inwido. In the short term, demand also looks stable, as can be seen in our growing order backlog. At the same time, there are several uncertainties in the world around us. Because of both the war and the pandemic, we see continued disruptions in supply chains and con-tinuously rising prices for input materials. This, combined with a general increase in inflation and rising interest rates, creates challenges. At the same time, the households’ focus on the home and local environment is in-creasing, which creates opportunities. In the long term, we remain optimistic with increasing demand for ener-gy efficiency improvements, particularly in times of rising energy prices”, Henrik Hjalmarsson concludes in the quarterly report's CEO words.
Read pressrelease with KPI table in PDF
For more information, please contact:
Henrik Hjalmarsson, President and CEO Tel.: 46 (0)76 846 20 46, henrik.hjalmarsson@inwido.com
Peter Welin, CFO and deputy CEO Tel.: 46 (0)703 24 31 90, peter.welin@inwido.com
About Inwido:
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 30 business units with approximately 4,800 employees in eleven countries. In 2021 group sales amounted to SEK 7.7 billion with an operating EBITA margin of 11.7 percent. Inwido has been listed on Nasdaq Stockholm since 2014. Follow Inwido on LinkedIn.
