Inwido launches new long-term targets with increased ambitions within growth and sustainability

Ahead of Inwido's Capital Markets Day on December 9, new long-term financial targets and developed sustainability ambitions are launched.

Inwido's current financial targets were established in connection with the IPO in 2014. Since then the business and profit generation have developed continuously. In the updated targets the Group’s growth ambitions are accelerated, organically as well as through acquisitions. These are the new financial targets decided by the Board:

• Growth (revised): Revenue target SEK 20 billion in 2030
• Profitability (revised): >15% return on operating capital
• Capital structure: Net debt in relation to operating EBITDA <2.5x
• Dividend: Approximately 50% of net profit

Inwido also raises the bar when it comes to the group's sustainability initiatives with new ambitions:

• Science Based Targets:
  Committing to SBTi verifies Inwido's long-term emission reductions to contribute to the 1.5-degree target
• Two new sustainability KPIs:
  Waste and number of cases of discrimination and harassment
• EU-taxonomy:
  In 2030, 75% of sales of windows and doors will be Taxonomy-aligned

President and CEO Henrik Hjalmarsson comments on Inwido's long-term targets;

“Our new long-term targets emphasize a more growth-oriented Group with clear ambitions to continue the consolidation of the European market. By also adding new initiatives within sustainability we connect our financial targets with our contribution to a more sustainable world”, says Henrik Hjalmarsson, President & CEO of Inwido.

To register to Inwidos Capital Markets day 2021, on site in Stockholm or on webcast, please e-mail: ir@inwido.com, and read more about the event on www.inwido.com

This disclosure contains information that Inwido is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 08-12-2021 18:40 CET.

For more information, please contact:
Henrik Hjalmarsson, President and CEO, phone: 46 (0)76-846 20 46, henrik.hjalmarsson@inwido.com
Peter Welin, CFO and deputy CEO, phone: 46(0)70-324 3190, peter.welin@inwido.com

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 29 business units with approximately 4,600 employees in eleven countries. In 2020 group sales amounted to SEK 6.7 billion with an operating EBITA margin of 10.9 percent. Inwido has been listed on Nasdaq Stockholm since 2014. Follow Inwido on LinkedIn.