Inwido Q1 EBITA Margin Falls to 4.3%

Inwido posted Q1 operating EBITA margin of 4.3%, down from 5.5% YoY, as sales volumes fell and mix.
Net sales rose 4% YoY to SEK 2.08 billion, but organic growth slipped 2% amid unfavorable product mix overall.
CEO Fredrik Meuller said cost cuts, staff reductions and shorter hours were implemented to offset reduced capacity utilization units.
Inwido acquired UK-based Sovereign Group after quarter end, expanding geographic presence while debt temporarily rose in the company and its balance sheet.