Continued strong sales, although production disturbances in Sweden affect earnings
Inwido’s President and CEO, Håkan Jeppsson, comments the first nine months of 2017:
“Inwido’s strong sales trend Inwido continues. In the third quarter, sales rose by 8 percent, and in the first nine months by 16 percent to approximately SEK 4.6 billion (SEK 4,597 million). Order bookings were in line with the third quarter of 2016 and the order backlog was 7 percent higher than at the same point last year.”
“Operating profit amounted to SEK 172 million (202), entailing an operating margin of 11.0 percent (14.0) for the quarter and 9.7 percent (11.3) for the first nine months.”
“Earnings have been adversely affected by production disturbances in Sweden, primarily due to delays in deliveries of raw materials and problems running in new machines and processes. Order bookings were also affected negatively during the quarter due to lower capacity and long delivery times. An action programme had already been launched in the second quarter, and further efforts have been made to resolve the problems so that we can return to normal production rates as soon as possible.”
“Overall, demand in our markets remains good. With our strong market position and ongoing measures, we see good potential to continue improving Inwido’s performance as we move into 2018.”
Read the full press release 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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