Inwido AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 01:45 am EDT
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Inwido AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 2,339.2 million compared to SEK 2,386 million a year ago. Net income was SEK 188.7 million compared to SEK 225 million a year ago. Basic earnings per share from continuing operations was SEK 3.25 compared to SEK 3.88 a year ago. Diluted earnings per share from continuing operations was SEK 3.25 compared to SEK 3.88 a year ago.
For the nine months, sales was SEK 6,697.2 million compared to SEK 6,934.1 million a year ago. Net income was SEK 493.6 million compared to SEK 557.8 million a year ago. Basic earnings per share from continuing operations was SEK 8.52 compared to SEK 9.62 a year ago. Diluted earnings per share from continuing operations was SEK 8.52 compared to SEK 9.62 a year ago.
Inwido AB (publ), is a Sweden-based manufacturer of windows and doors. The Company develops, produces and sells environmentally friendly wooden windows and aluminum clad wooden windows and doors, as well as provides a range of related services and accessories to consumers, carpenters, middlemen, building companies and manufacturers of prefabricated homes. It is divided in four segments: Sweden; Nordic, comprising markets of Denmark, Finland and Norway; Europe, including operations in Poland, the United Kingdom, Ireland, Russia and Austria; and Supply, which comprises five special production companies that provide components and services within windows and doors. The offering of Inwido AB (publ) is available under such brands as: Elitfonster, Diplomat, Hajom, SnickarPer, Sokolka, Pihla, Tiivi, KPK, Lampolux and Outline. The Company has more than 50 subsidiaries.
INWIDO AB 
