In the Q2 2024, all four of Inwido's business areas reported higher order intake, both overall and organically. The total increase was 22% compared to the corresponding quarter in the previous year, and organically the order intake increased by 10%.
The order backlog increased by 68%. A drop in inflation and lower interest rates are positive signs for the consumer market, where activity has also increased, while the new build market remained weak.
During the Q2 2024, net sales increased by 3% to SEK 2,331 million, operating EBITA increased to SEK 263 million, while the operating EBITA margin increased to 11.3%.
"Extra positive in the quarter was the development in business area e-Commerce, where sales increased by 15% and profit more than doubled. The development in business area Western Europe was also pleasing, where the Carlson business unit in Ireland booked Inwido's largest single order to date. Also, Inwido's larger Danish business units delivered well during the quarter," says Fredrik Meuller, president and CEO, and continues:
"We are gearing up to reach our long-term financial goals of SEK 20 billion in turnover by the year 2030. Acquisitions are an important part of this journey, and it is therefore reassuring that the M&A climate has improved significantly during the spring."
"Along with growth initiatives within the group, there are also several external driving forces such as energy efficiency and sustainability, which favor Inwido's long-term growth. The green transition is gaining momentum, and our position and sustainability activities are increasingly getting noticed by external stakeholders".
Inwido is a Sweden-based manufacturer of windows and doors.
