Inwido is back on the growth track
In the second quarter of the year, all four of Inwido's business areas reported higher order intake, both overall and organically. The total increase was 22 percent compared to the corresponding quarter in the previous year, and organically the order intake increased by 10 percent. The order backlog increased by 68 percent. A drop in inflation and lower interest rates are positive signs for the consumer market, where activity has also increased, while the new build market remained weak.
During the second quarter of the year, net sales increased by 3 percent to SEK 2,331 million, operating EBITA increased to SEK 263 million (261), while the operating EBITA margin increased to 11.3 percent (11.6).
"Extra positive in the quarter was the development in business area e-Commerce, where sales increased by 15 percent and profit more than doubled. The development in business area Western Europe was also pleasing, where the Carlson business unit in Ireland booked Inwido's largest single order to date. Also, Inwido's larger Danish business units delivered well during the quarter," says Fredrik Meuller, president and CEO, and continues:
"We are gearing up to reach our long-term financial goals of SEK 20 billion in turnover by the year 2030. Acquisitions are an important part of this journey, and it is therefore reassuring that the M&A climate has improved significantly during the spring."
"Along with growth initiatives within the group, there are also several external driving forces such as energy efficiency and sustainability, which favor Inwido's long-term growth. The green transition is gaining momentum, and our position and sustainability activities are increasingly getting noticed by external stakeholders".
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 34 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.
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