Continued strong order intake and margin in challenging markets

During the third quarter, Inwido showed once again that the group can grow profitably even if the market conditions are far from optimal. Both order intake and order backlog increased for the second consecutive quarter. The operating EBITA margin increased, even though invoicing decreased slightly compared to the corresponding quarter last year. 

"Although demand in some market segments has started to rise since the spring, and leading macroeconomic indicators have gradually become more positive, several of our business units are challenged by low demand and fierce price pressure, above all in Finland, Norway and England," says President and CEO Fredrik Meuller in a comment and continues: "In light of this, we are managing the volume decline well while maintaining good margins thanks to our clear governance model and efficient operational platform".

Inwido also continues to see an increased number of potential M&A candidates and its attractiveness as a buyer remains high. During the quarter, Inwido's largest business unit in Finland, Pihla Group, acquired Artic-Kaihdin, one of Finland's leading manufacturers of sun protection solutions.

“Inwido is on an exciting growth journey towards sales of SEK 20 billion by 2030. Step by step, we are moving in the right direction, strengthened by factors such as an increased order intake, gained market shares and an ever more efficient operational platform”, Fredrik Meuller concludes.