“At SEK 208 million (180), we are reporting an operating profit of more than SEK 200 million for an individual quarter for the first time. This was Inwido’s best quarter ever.”

“In line with the strong growth in earnings, the operating margin rose to 14.2 percent and sales increased by nearly 7 percent to SEK 1,470 million.”

“Order bookings increased by 12 percent, mainly within our most important segments and channels. Growth strengthened, primarily in Finland and Norway.”  

“Acquisitions are fundamental to our growth strategy. So far in 2016, we have acquired companies that contribute annual sales of approx. SEK 800 million, two of them in Finland, one in Denmark. After the quarter, we also entered an acquisition agreement with CWG Choices in the UK.”

“We are continuing to work according to our plan with a predominance of sales in consumer-driven channels, to continuously review our structure to find potential additional efficiency enhancements and to work with both organic and acquisition-based growth.”

Read the entire press release in the pdf attached