Continued strong order intake and margin in challenging markets
During the third quarter, Inwido showed once again that the group can grow profitably even if the market conditions are far from optimal. Both order intake and order backlog increased for the second consecutive quarter. The operating EBITA margin increased, even though invoicing decreased slightly compared to the corresponding quarter last year.
"Although demand in some market segments has started to rise since the spring, and leading macroeconomic indicators have gradually become more positive, several of our business units are challenged by low demand and fierce price pressure, above all in Finland, Norway and England," says President and CEO Fredrik Meuller in a comment and continues: "In light of this, we are managing the volume decline well while maintaining good margins thanks to our clear governance model and efficient operational platform".
Inwido also continues to see an increased number of potential M&A candidates and its attractiveness as a buyer remains high. During the quarter, Inwido's largest business unit in Finland, Pihla Group, acquired Artic-Kaihdin, one of Finland's leading manufacturers of sun protection solutions.
“Inwido is on an exciting growth journey towards sales of SEK 20 billion by 2030. Step by step, we are moving in the right direction, strengthened by factors such as an increased order intake, gained market shares and an ever more efficient operational platform”, Fredrik Meuller concludes.
For more information, please contact:
Fredrik Meuller, President and CEO
Tel. +46 (0) 734 22 70 11
Annika Falk, VP Communication & PR
Tel. +46 (0) 706 02 13 71
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 35 business units with approximately 4,200 employees in twelve countries. In 2023 group sales amounted to SEK 9 billion with an operating EBITA margin of 11.4 percent. Inwido has been listed on Nasdaq Stockholm since 2014. Follow Inwido on LinkedIn.
Tags:
