Inwido’s Capital Markets Day 2018 – summary of the day’s information
As previously announced and as part of a new strategy titled “Simplify” Inwido, has decided to introduce a new governance model. The new model will be presented in greater detail today in connection with the company’s Capital Markets Day in Stockholm. In brief, Simplify entails the Group’s work being simplified and streamlined across the board, while our customer focus is enhanced. The governance model entails the individual subsidiaries being assigned full responsibility for their operations and profitability. At the same time, the Group will be divided into two reporting business segments rather than four: Inwido North and Inwido South. To illustrate the background to the change, some of the subsidiaries will be presented in greater detail during the Capital Markets Day. The financial section will focus on the return from the acquisitions made over the past five years, and on indebtedness.
“As we communicated on 28 September, the purpose of the new governance model is, above all, to achieve an even greater focus on customers and profit in all parts of the organization,” says Håkan Jeppsson, President and CEO of Inwido. “This change also means that the current country organizations will also disappear. That makes it logical to further simplify and divide the operations into two reporting segments.”
Read the full press release in the enclosed PDF.
For more information, please contact:
Håkan Jeppsson, President and CEO Tel.: 46 (0)10-451 45 51 or 46 (0)70-550 15 17
Peter Welin, CFO Tel.: 46 (0)10-451 45 52 or 46 (0)703 24 31 90
Inwido is Europe’s largest supplier of windows and a leading door supplier. The company has operations in Denmark, Finland, Norway, Sweden, Austria, Estonia, Ireland, Lithuania, Romania, 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, Outline, Tiivi, Pihla, Diplomat and Sokolka. Inwido has approximately 4,400 employees and generated sales of slightly more than SEK 6.4 billion in 2017. The Group's headquarters are located in Malmö, Sweden. For further information, please visit www.inwido.com