Inwido´s Annual and Sustainability Report for 2023 is published
Inwido´s Annual and Sustainability Report for 2023 is now available on Inwidos website. A printed version of the Annual and Sustainability Report can be ordered on the website, in Swedish and English.
Stable development demonstrates the strength of the business model
As well as delivering stable profitability, Inwido strengthened its cash flow and ended the year with continued low indebtedness, despite the fact that the Company completed its largest acquisition to date during 2023. The year was characterized by inflation, high interest rates and war in both Europe and the Middle East. These events, which are having a severe impact on the global economy, are also affecting Inwido’s operations. 2023 saw a sharp slowdown in the new build markets in Sweden and Finland, which affected both order intake and sales during the year. The consumer markets across much of Europe were also cautious during the year. Thanks to previously implemented price increases, good cost control and the business units’ good habit of adapting capacity according to fluctuations in demand, Inwido succeeded in defending its margins.
Sustainability work gearing up
Inwido’s sustainability work is constantly evolving. Another major step was taken in October 2023 when the sustainability targets for climate impact in both the short and the long term, as well as the overall ambition of achieving net zero emissions by 2050, were submitted for validation by the Science Based Targets initiative (SBTi). The targets are expected to be validated and approved by the SBTi during 2024.
This information is information that Inwido AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at April 11, 2024 at 09.00 am CEST.
For more information, please contact:
Peter Welin, CFO and deputy CEO Tel: 46 (0)703 24 31 90, peter.welin@inwido.com
Annika Falk, VP Communication and PR Tel: 46 (0)706 021371, annika.falk@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 34 business units with approximately 4,700 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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