Inwido reports historical net sales and profitability for new business areas
Since the turn of the year, Inwido has been organized into four new business areas: Scandinavia, Eastern Europe, e-Commerce and Western Europe. The new segmentation aims both to increase transparency and clarity around development and to show a clear focus on growth.
Inwido will report financial results for the four new business areas from Q1 2022. In order to be able to compare the development in the new segments, Inwido publishes net sales and profitability from Q4 2019 to Q4 2021 divided into the four business areas.
Of the four new business areas, Scandinavia, which includes Sweden, Denmark and Norway, is the largest with net sales of SEK 4,302 million in 2021. Eastern Europe, which currently includes Finland and Poland, has the second largest net sales of SEK 1,847 million. Inwido's growth-oriented e-trade business, e-Commerce, with sales in seven markets, had net sales of SEK 953 million last year. Western Europe, which includes operations in England and Ireland, was the smallest business area in 2021 with sales of SEK 587 million. However, in 2022 this business area has already been expanded with Dekko Window Systems, which was acquired in early March.
Until 2021, Inwido had been divided into two business areas: North and South. The new segmentation was communicated in connection with the Capital Markets Day on December 9, 2021.
For detailed information in the table see PDF.