The CEO comments:
"The trend that pervaded Inwido during 2015, with good development in sales and earnings, continued in the fourth quarter. Sales rose by 2 percent for comparable units, measured in SEK. The favourable profitability continued to improve, and we reached an operating EBITA margin of 12.6 percent. Order bookings decreased by 5 percent, although it should be noted that order bookings for our priority consumer business were positive, especially at the end of the quarter. The order backlog was 3 percent higher for comparable units than it was at the same point in time in the preceding year. It is with pleasure that I can report that we achieved the best fourth quarter in Inwido’s history, while we also strengthen our position as Europe’s largest manufacturer of windows. 

For the 2015 full-year, sales increased organically by 4 percent in SEK and operating profit rose by 17 percent to SEK 589 million. The operating EBITA margin ended up at 11.3 percent.

All operating segments, with the exception of Finland, contributed positively to the improvement in earnings during 2015. However, conditions have varied greatly. During the first half of the year in particular, the Finnish market was pervaded by a weak market across the board. Given the circumstances, as the market leader, Inwido coped well and increased stability could be discerned towards the end of the year. Once again, Denmark achieved a very good year, although profits were burdened by less profitable industrial transactions, which also induced the restructuring measures initiated in the fourth quarter. The trend in Sweden was characterised by the strategic shift that has been implemented towards an increased share of consumer sales. This change is also reflected in sharply improved profitability. Inwido in Norway had a challenging 2015 with tangibly lower volumes. However, losses continued to decline thanks to the vigorous changes and initiatives undertaken to increase competitiveness. Developments outside the Nordic region have been mixed, with Ireland as our strongest individual market. Development in e-Commerce was favourable over the year, with November’s launch in Germany being the single most important initiative.

Our view is that the underlying demand for our products and services is stable – a view that is confirmed by, for example, the fact that we have not so far seen any immediate impact of the change in the tax deduction that was introduced in Sweden at the start of the year. We are also keeping to our strategic plan well. This entails the continuing transition towards more consumer business, that we are continuously reviewing our capacity and structure to identify, where possible, additional efficiency enhancements and that we have intensified our work with both organic and acquisition-based growth. On the other hand, external developments, both political and financial, remain uncertain with many risks that could affect our business adversely. These are factors that impact Inwido just as much as they affect many others.

In conclusion, I note, in the depth of our seasonally quietest and coolest period, that 2015 was Inwido’s best year to date. At the same time, I believe considerable opportunities remain to continuously improve our company." 

MALMÖ, FEBRUARY 4, 2016

Håkan Jeppsson
President and CEO 

The the entire report in the pdf attached