Inwido’s 3Q 2019 net sales amounted to SEK 1,665 million ($171.6 million), representing a decrease of 1% compared to SEK 1,682 million ($173.4 million) in the 3Q 2018. Organic growth was a negative 2%, as the company said in the press release received by Lesprom Network.
3Q 2019 EBITA amounted to SEK 203 million ($21 million) and the EBITA margin increased to 12.2%. 3Q 2019 operating EBITA rose to SEK 203 million ($21 million) and the operating EBITA margin rose to 12.2%.
Henrik Hjalmarsson, President and CEO of Inwido, said: “For the 3Q 2019, we delivered improved earnings, while strong cash flow brought net debt down to 2.5x EBITDA, excluding IFRS 16. This development, with improved earnings despite challenging markets, testifies to the strength of our new governance model, Simplify.”
Inwido is Europe’s largest supplier of windows and doors.
