Continued favourable sales growth – stabilised operating profit
Inwido’s President and CEO Håkan Jeppsson comments on the fourth quarter and full-year 2017:
“The strong sales trend pervaded Inwido throughout 2017. The fourth quarter was no exception and sales increased by 4% to SEK 1,774 million – for the full year, the increase was 12% to SEK 6,371 million. Order bookings for the quarter were 2% higher than for the same period in 2016. For the full year, order bookings increased by 11% and the order backlog was 5% higher than a year earlier.”
“Overall, 2017 was challenging, mainly due to production disruptions in the Sweden-Norway business area. Despite these disruptions lagging into the fourth quarter, we delivered an operating profit that was once more above SEK 200 million – one of the best quarters in the Group’s history in terms of earnings. For the full year, earnings amounted to SEK 649 million.”
“The year 2018 has good prospects of becoming an interesting year full of opportunities. The year starts with a quarter that will be compared with 2017, when we delivered clearly Inwido’s best first quarter to date. Last year, we also had the advantage of Easter falling in the second quarter.”
“With our strong market position in the Nordic region and ongoing internal measures, we see good potential to continue developing Inwido in terms of growth and efficiency in 2018.”
Read the full press release, including key ratios, 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, Estonia, 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 6.4 billion in 2017. The Group's headquarters are located in Malmö, Sweden. For further information, please visit www.inwido.com
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