Inwido (INWI) investor relations material

Executive summary

• Q3 sales rose 22% to SEK 2,724m, including 5% organic growth; operating EBITA reached a quarterly record of SEK 334m, with a 12.3% margin.

• Organic order intake increased 7%; backlog reached a record SEK 3,453m, up 25% reported and 16% adjusted for exchange rates and acquisitions.

• Operating EBITA margins improved across all four business areas; cash flow strengthened, and ROOC improved for a second consecutive quarter.

Financial highlights

• Q3 operating EBITA rose 25% to SEK 334m from SEK 268m; operating EBIT was SEK 309m versus SEK 241m.

• Q3 profit after tax was SEK 220.5m versus SEK 161.9m; basic EPS was SEK 3.49 and diluted EPS SEK 3.48, versus SEK 2.65 for both a year earlier.

• Q3 gross profit was SEK 708m versus SEK 575m; gross margin was 26.0% versus 25.9%.

• Jan–Sep sales rose 15% to SEK 7,528m, with 2% organic growth; operating EBITA increased 15% to SEK 738m, with margin flat at 9.8%.

• Jan–Sep profit after tax was SEK 450m versus SEK 371m; basic EPS was SEK 7.07 versus SEK 6.00.

Outlook and guidance

• Early recovery signs and energy-efficiency demand support cautious optimism, but recovery—particularly in new builds—is expected to be gradual and prolonged.

• Market uncertainty remains high amid the Middle East conflict, inflation concerns and possible European interest-rate increases; Q4 conditions remain difficult to forecast.

• Strategic direction remains focused on resilient execution and profitable consolidation of the European window and door market.