This information is such that
A strong quarter
Third quarter of 2020
· Net sales rose to SEK 1,716 million (1,665). Organic growth amounted to 4 percent.
· Order intake increased by 7 percent and the order backlog increased by 18 percent to SEK 1,308 million.
· EBITA increased to SEK 240 million (203) and the EBITA margin increased to 14.0 percent (12.2).
· Operating EBITA rose to SEK 247 million (203) and the operating EBITA margin rose to 14.4 percent (12.2).
· Earnings per share rose by 19 percent to SEK 3.05 (2.56).
· Net debt, excluding IFRS 16, in relation to operating EBITDA decreased to a multiple of 1.2 (2.5).
January-
· Net sales rose to SEK 4,882 million (4,818). Organic growth amounted to 2 percent.
· EBITA increased to SEK 482 million (435) and the EBITA margin increased to 9.9 percent (9.0).
· Operating EBITA rose to SEK 498 million (435) and the operating EBITA margin rose to 10.2 percent (9.0).
· Earnings per share rose to SEK 5.61 (5.20).
The CEO comments:
"As
The third quarter was
Positive consumer market in both South and North
During the quarter, Business Area South continued to develop favourably, with both strong growth and profits. Sales increased organically by 10 percent and operating EBITA increased by 44 percent to SEK 195 million (135), lifting the operating EBITA margin to 24.7 percent (18.7). Order intake rose by 13 percent and the order backlog was 36 percent higher at the end of the quarter. In
In Business Area North, the Swedish business units addressing the consumer market have advanced their positions and shown positive development. At the same time, the Finnish consumer market and the industrial market were generally more cautious. The business area showed modest organic sales growth during the quarter. Combined with good cost control, operating EBITA rose somewhat to SEK 73 million (72). This meant that the operating EBITA margin rose to 8.2 percent (8.0). Order intake rose by 3 percent compared with the corresponding period last year and the order backlog was 7 percent higher at the end of the quarter.
Improved cash flow and reduced net debt
Operating cash flow for the first nine months of the year rose to SEK 872 million, compared with SEK 532 million for the corresponding period last year, reinforced by reduced working capital. Affected positively by this strong cash flow, net debt decreased to a multiple of 1.2 in relation to operating EBITDA, excluding IFRS 16, compared with a multiple of 2.5 at the corresponding time in 2019.
Covid-19 pandemic
Covid-19 had a relatively limited negative impact on our 28 business units during the quarter. Production efficiency, particularly in Business Area North, was negatively impacted by an increased sick leave. Following previous closures in the
Future prospects
Bolstered by a very good third quarter, we enter the winter season with lower consumer activity but a strong order backlog. With a stable consumer market but with industrial demand still hesitant, we will, over the remainder of the period, continue persistently to gear up
We are driven by our ambition to lead the development of the window industry in
MALMÖ,
President and CEO
Read the full report in the pdf attached
For more information, please contact:
About Inwido
Follow our journey on LinkedIn (https://www.linkedin.com/company/inwido-ab/?viewAsMember=true)
https://news.cision.com/inwido/r/interim-report-january-september-2020,c3217841
https://mb.cision.com/Main/883/3217841/1321578.pdf
https://news.cision.com/inwido/i/henrik-hjalmarsson,c2839465
https://news.cision.com/inwido/i/peter-welin,c2839464
https://news.cision.com/inwido/i/metropolia-helsingfors,c2839459
https://news.cision.com/inwido/i/amalienborg-kopenhamn,c2839460
https://news.cision.com/inwido/i/strandhus-alborg-danmark,c2839461
https://news.cision.com/inwido/i/flerbostadshus-stockholm,c2839462
https://news.cision.com/inwido/i/flerbostadshus-stockholm,c2839463
(c) 2020 Cision. All rights reserved., source