Q4 2024 Inwido AB (publ) Earnings Call Transcript
Key Points
- Inwido AB (LTS:0QXM) reported solid sales growth in both total and organic terms across all four business areas.
- Order intake grew for the third consecutive quarter, with a significant 19% organic increase, leading to a strong backlog up by 29%.
- The company maintained a healthy operating EBITDA margin of 12.2% despite varying market conditions.
- E-commerce business area showed impressive growth, with operating EBITDA almost doubling.
- Inwido AB (LTS:0QXM) is making progress on its sustainability goals, introducing a low CO2 window that reduces emissions by more than 40%.
- Eastern Europe faced challenging market conditions, resulting in a significant decline in operating EBITDA margin from 14.5% to 6.3%.
- Net sales for the full year declined by 6% organically, impacting overall profitability.
- The company incurred restructuring costs of SEK23 million due to the closure of a business unit in the UK and restructuring within E-commerce.
- Net debt in relation to operating EBITDA increased slightly from 1.0 times to 1.1 times.
- Consumer order intake was down by 2%, indicating potential weakness in certain markets.
Welcome to the Inwido Q4 2024 report presentation. (Operator instructions)
Now, I will hand the conference over to speaker CEO, Frederick Mueller; and CFO Peter Welin. Please go ahead.
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Thank you and good morning everyone. Welcome to this webcast and telephone conference covering Inwido's fourth quarter and full year performance of 2024.
My name is Fred Meuller, President and CEO of Inwido and I'm joined on this call by Peter Welin, our group CFO and Deputy CEO. I'm in Malmo today and Peter is in Stockholm, but I'm sure we will work out the logistics just fine.
We will start off with a run through of the highlights from the quarter and year respectively, followed by a more in depth review of group and business area financials before rounding off with summary conclusions and outlook and Q&A. As usual, this presentation material is already available on Inwido's website.
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