“We began 2016 in a stable manner. The improvement in earnings derives mainly from the strength of our consumer business.”

“Seasonally, the first quarter is clearly the weakest of the year for us, and this year Easter also fell in the first quarter. The fact that we delivered an improvement in earnings of nearly 30 percent on the same quarter last year is pleasing.”

“Sales were in line with last year, which was a little disappointing. The explanation lies mainly in the lower order bookings from the industry segment at the end of the fourth quarter last year, and the effect of the early Easter.”

“The agreements we have signed to acquire Outrup in Denmark and Lämpölux in Finland fit into our strategy well. They are two excellent, profitable companies with skilful management that are strong in sales channels and markets that we focus on.”

“Although the year has begun well, the longer-term market outlook is difficult to assess due to external financial and political risks that could affect many consumers and accordingly also Inwido. At the same time, there remains a strong underlying need for both renovations and new housing in Europe.”

Please read the full press release in the pdf attached