Record quarter for Inwido
This information is such that Inwido AB (publ) is obliged to publish in accordance with the EU Market Abuse Regulation. The information was submitted by the contact persons below for publication on Monday, 18 July 2016 at 7:46 a.m.
Inwido’s President and CEO Håkan Jeppsson comments on the second quarter of 2016:
“At SEK 208 million (180), we are reporting an operating profit of more than SEK 200 million for an individual quarter for the first time. This was Inwido’s best quarter ever.”
“In line with the strong growth in earnings, the operating margin rose to 14.2 percent and sales increased by nearly 7 percent to SEK 1,470 million.”
“Order bookings increased by 12 percent, mainly within our most important segments and channels. Growth strengthened, primarily in Finland and Norway.”
“Acquisitions are fundamental to our growth strategy. So far in 2016, we have acquired companies that contribute annual sales of approx. SEK 800 million, two of them in Finland, one in Denmark. After the quarter, we also entered an acquisition agreement with CWG Choices in the UK.”
“We are continuing to work according to our plan with a predominance of sales in consumer-driven channels, to continuously review our structure to find potential additional efficiency enhancements and to work with both organic and acquisition-based growth.”
Read the entire press release in the pdf attached
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
Peter Welin, CFO Tel.: 46 (0)10-451 45 52 or 46 (0)703 24 31 90
E-mail: peter.welin@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 3,400 employees and generated sales of slightly more than SEK 5.2 billion in 2015. The Group's headquarters are located in Malmö, Sweden. For further information, please visit www.inwido.com
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