Inwido reports best performance to date and makes acquisition in the UK
This information is such that Inwido AB (publ) is obliged to publish in accordance with the Swedish Securities Market Act and/or Financial Instruments Trading Act. The information was submitted for publication on Tuesday 20 October 2015, at 07:46 a.m.
Inwido, Europe’s largest supplier of windows and doors, reports record results for the Group. At the same time, the company is announcing the acquisition of UK company Jack Brunsdon & Son. Inwido’s CEO Håkan Jeppsson comments on these events:
“This is the best quarterly performance ever for Inwido. We have performed well this year, in terms of both growth and profitability. The third quarter confirms this achievement.”
“Operating profit rose by 14 percent to SEK 195 million and the operating margin rose to 14.7 percent. Order intake is now 14 percent higher than the same period last year and the highest level ever for a third quarter.”
“The acquisition of Jack Brunsdon & Son, with annual sales of approx. SEK 100 million, instantly almost doubles our operations in the UK. It also enables us to take a completely different approach to penetrating the attractive UK market.”
“With approx. 50 employees, seven showrooms in the London area and an image as a premium brand, Jack Brunsdon contributes expertise that we’ve not previously had in this market. Furthermore, we acquire clear synergies since they don’t have their own production. This is an extremely welcome addition to our business.”
Read the full pressrelease in the attached file
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
Jonna Opitz, SVP Marketing, Sales & Communication Tel.: 46 (0)10-451 45 58 or 46 (0)722 11 90 10
E-mail: jonna.opitz@inwido.com
About Inwido
Inwido is Europe’s largest supplier of windows and doors. 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 3,300 employees and generated sales of slightly more than SEK 4.9 billion in 2014. The Group's headquarters are located in Malmö, Sweden. For further information, please visit www.inwido.com
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