Sweden · Delayed Price · Currency is SEK Inwido AB Earnings Call Transcripts
Fiscal Year 2026
-
Q1 2026 saw challenging conditions with harsh winter weather and macro uncertainty, but profitability returned to pre-pandemic levels. Acquisitions and cost measures supported performance, with strong momentum in March and April and cautious optimism for Q2.
Fiscal Year 2025
-
Organic growth and stable margins were achieved despite market headwinds, with strong cash flow, successful M&A, and a maintained dividend. Segment performance varied by geography, with Sweden and e-commerce leading, while Finland and the UK remained challenging.
-
A clear roadmap targets SEK 20 billion in sales by 2030, driven by both organic growth and M&A, with recent acquisitions expanding reach and operational investments boosting efficiency. Despite a historic downturn, margins remain resilient, and the group is well-positioned for a market rebound, supported by a strong balance sheet and high employee engagement.
-
Q3 2025 saw a slow start but finished stronger, with Sweden and Ireland improving while Finland and the UK remained weak. Sales declined 2% year-over-year, margins compressed, and M&A activity was high, though a major deal was canceled, impacting EPS.
-
Q2 2025 saw stable sales and margins, with operating EBITDA up 1% and profit after tax up 8%. Order backlog hit a record high, but order intake declined due to last year's large Irish order. Management remains optimistic, citing strong fundamentals, improving efficiency, and robust M&A activity.
-
Organic net sales grew 10% and order intake rose 13% year-over-year, with operating EBITDA up 22% to SEK 111 million and margin at 5.5%. Strong performance in Scandinavia and Eastern Europe offset weaker e-commerce, while a robust balance sheet supports future M&A.
Fiscal Year 2024
-
Returned to organic sales growth in Q4 2024, with strong order intake and backlog, despite margin pressure in Eastern Europe. All business areas showed improvement, and sustainability initiatives advanced. Outlook for 2025 is positive, with higher volumes and continued M&A focus.
-
Order intake and backlog grew for the second straight quarter, while net sales declined 3% year-over-year but margins improved. All segments except Eastern Europe performed well, with strong cash flow and increased CapEx supporting efficiency and future growth.
-
Order intake rose 22% year-over-year, with strong e-commerce and Western Europe performance, but profit and margins were impacted by restructuring costs and weak new build markets in Finland. Outlook is cautiously optimistic, with stable cash flow and increased M&A activity.