Inwido reports historical net sales and profitability for new business areas
Since the turn of the year, Inwido has been organized into four new business areas: Scandinavia, Eastern Europe, e-Commerce and Western Europe. The new segmentation aims both to increase transparency and clarity around development and to show a clear focus on growth.
Inwido will report financial results for the four new business areas from Q1 2022. In order to be able to compare the development in the new segments, Inwido publishes net sales and profitability from Q4 2019 to Q4 2021 divided into the four business areas.
Of the four new business areas, Scandinavia, which includes Sweden, Denmark and Norway, is the largest with net sales of SEK 4,302 million in 2021. Eastern Europe, which currently includes Finland and Poland, has the second largest net sales of SEK 1,847 million. Inwido's growth-oriented e-trade business, e-Commerce, with sales in seven markets, had net sales of SEK 953 million last year. Western Europe, which includes operations in England and Ireland, was the smallest business area in 2021 with sales of SEK 587 million. However, in 2022 this business area has already been expanded with Dekko Window Systems, which was acquired in early March.
Until 2021, Inwido had been divided into two business areas: North and South. The new segmentation was communicated in connection with the Capital Markets Day on December 9, 2021.
For detailed information in the table see PDF.
For more information, please contact:
Peter Welin, CFO and deputy CEO
Phone: 46(0)70-324 3190, peter.welin@inwido.com
Tobias Rydergren, Head of PR & Communication
Tel. 46(0)070-255 23 61, tobias.rydergren@inwido.com
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 30 business units with approximately 4,800 employees in eleven countries. In 2021 group sales amounted to SEK 7.7 billion with an operating EBITA margin of 11.7 percent. Inwido has been listed on Nasdaq Stockholm since 2014. Follow Inwido on LinkedIn.
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