Inwido launches new long-term targets with increased ambitions within growth and sustainability

Ahead of Inwido's Capital Markets Day on December 9, new long-term financial targets and developed sustainability ambitions are launched.

Inwido's current financial targets were established in connection with the IPO in 2014. Since then the business and profit generation have developed continuously. In the updated targets the Group’s growth ambitions are accelerated, organically as well as through acquisitions. These are the new financial targets decided by the Board:

• Growth (revised): Revenue target SEK 20 billion in 2030
• Profitability (revised): >15% return on operating capital
• Capital structure: Net debt in relation to operating EBITDA <2.5x
• Dividend: Approximately 50% of net profit

Inwido also raises the bar when it comes to the group's sustainability initiatives with new ambitions:

• Science Based Targets:
  Committing to SBTi verifies Inwido's long-term emission reductions to contribute to the 1.5-degree target
• Two new sustainability KPIs:
  Waste and number of cases of discrimination and harassment
• EU-taxonomy:
  In 2030, 75% of sales of windows and doors will be Taxonomy-aligned

President and CEO Henrik Hjalmarsson comments on Inwido's long-term targets;

“Our new long-term targets emphasize a more growth-oriented Group with clear ambitions to continue the consolidation of the European market. By also adding new initiatives within sustainability we connect our financial targets with our contribution to a more sustainable world”, says Henrik Hjalmarsson, President & CEO of Inwido.

To register to Inwidos Capital Markets day 2021, on site in Stockholm or on webcast, please e-mail: [email protected], and read more about the event on www.inwido.com

This disclosure contains information that Inwido is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 08-12-2021 18:40 CET.