Inwido AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 08, 2024 at 01:45 am EST
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Inwido AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 2,273.3 million compared to SEK 2,612.7 million a year ago. Net income was SEK 185.5 million compared to SEK 238.5 million a year ago. Basic earnings per share from continuing operations was SEK 3.2 compared to SEK 4.11 a year ago. Diluted earnings per share from continuing operations was SEK 3.2 compared to SEK 4.11 a year ago.
For the full year, sales was SEK 8,970.4 million compared to SEK 9,546.8 million a year ago. Net income was SEK 679.1 million compared to SEK 796.4 million a year ago. Basic earnings per share from continuing operations was SEK 11.72 compared to SEK 13.74 a year ago. Diluted earnings per share from continuing operations was SEK 11.72 compared to SEK 13.74 a year ago.
Inwido AB (publ), is a Sweden-based manufacturer of windows and doors. The Company develops, produces and sells environmentally friendly wooden windows and aluminum clad wooden windows and doors, as well as provides a range of related services and accessories to consumers, carpenters, middlemen, building companies and manufacturers of prefabricated homes. It is divided in four segments: Sweden; Nordic, comprising markets of Denmark, Finland and Norway; Europe, including operations in Poland, the United Kingdom, Ireland, Russia and Austria; and Supply, which comprises five special production companies that provide components and services within windows and doors. The offering of Inwido AB (publ) is available under such brands as: Elitfonster, Diplomat, Hajom, SnickarPer, Sokolka, Pihla, Tiivi, KPK, Lampolux and Outline. The Company has more than 50 subsidiaries.
INWIDO AB 
