MALMÖ, Sweden--(BUSINESS WIRE)--Regulatory News:
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 February 10, 2015, at 07:47.
Inwido’s CEO Håkan Jeppsson comments on the fourth quarter and full-year 2014:
“ Over the year, we strengthened our position as Europe’s largest manufacturer of windows.
“In the fourth quarter, we increased our sales by 19 percent, order bookings for comparable units were up by 21 percent and our operating profit increased by 47 percent. In other words, all important key indicators are pointing in the right direction.
“In 2014, we increased our sales by a total of 14 percent and operating profit rose by 46 percent to SEK 502 million. The operating margin again exceeded 10 percent.
“Denmark and Finland achieved their strongest earnings to date and we are also increasing our market share substantially in both of these markets.
“For Inwido, 2014 was a very good year. At the same time, we still have great potential for improvement in many areas. Consequently, we have every reason to look to the future with a certain degree of confidence, despite uncertain external conditions.”
Inwido is Europe’s largest supplier of windows and doors. The company has operations in Sweden, Denmark, Finland, Norway, Poland, the UK, Austria and Ireland, 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
Inwido is Europe’s largest manufacturer of smart and environmentally adapted windows and doors. The company operates in Sweden, Denmark, Finland, Norway, Poland, UK, Ireland and Austria and also exports products to other countries. Inwido had in 2013 an annual turnover of over SEK 4.3 billion and has 3100 employees. The Inwido headquarter is located in Malmö, Sweden.
Inwido reaches the customer with strong local brands, focused on both the consumer and industrial markets. That way they reach a broad market of windows and doors. In 2013, sales to the consumer market were about 70 percent of total sales, while sales to the industrial market accounted for about 30 percent. The consumer market was dominated by housing projects like renovating, re-building and extending current houses. Projects often motivated by public subsidiaries.
The industrial customers are mainly bigger construction company´s and house manufacturer were the business is conducted by frameworks agreements and bigger volumes.
Friday September 26, 2014 Inwido was listed as a mid-cap company at NASDAQ Stockholm.
This information was brought to you by Cision http://news.cision.com