Inwido AB Reports 2025 Full-Year Results

Inwido AB (publ) today published its full-year and fourth quarter 2025 financial results, highlighting a return to organic growth, solid profitability and continued strategic expansion through acquisitions.

Key Financial Highlights – Full Year 2025

Net sales reached SEK 9,002 million, a 2 per cent increase from SEK 8,838 million in 2024, with organic growth of +4 per cent.
Operating EBITA totalled SEK 941 million (down slightly from SEK 953 million in 2024), delivering an operating EBITA margin of 10.5 per cent (10.8 per cent in 2024).
EBIT amounted to SEK 832 million versus SEK 850 million last year, with an EBIT margin of 9.2 per cent.
Earnings per share were SEK 8.87, down from SEK 9.29 in 2024, reflecting modest profitability pressure.
Return on operating capital was 12.4 per cent (12.7 per cent in 2024).
Net debt increased to SEK 2,117 million, equivalent to 1.7x operating EBITDA (1.4x excluding IFRS 16), compared to 1.0x a year earlier, reflecting higher leverage following recent acquisitions.

The Board of Directors has proposed a dividend of SEK 5.50 per share, unchanged from 2024, signalling confidence in the company’s financial position.

Fourth Quarter 2025 Performance

In the final quarter of the year:

Net sales rose slightly to SEK 2,440 million, up 1 per cent year-on-year, with 3 per cent organic growth.
Operating EBITA held steady at SEK 298 million, maintaining a margin of 12.2 per cent.
Earnings per share for Q4 were SEK 2.87, compared with SEK 3.17 in the prior year period.

Strategic Developments and Acquisitions

2025 saw Inwido actively pursue its acquisition-driven expansion strategy:

Three strategic acquisitions were signed in Q4 — Fast Frame and Victorian House Window Group in the UK and AJM Group in Slovenia — broadening the company’s footprint and product reach.
Acquisitions completed throughout the year contributed to structural growth and positioned Inwido for accelerated scale and market diversification.

Market Conditions and Operational Execution

Management noted that although macroeconomic headwinds persisted in parts of Western Europe and the UK, Inwido managed to navigate a challenging backdrop by maintaining delivery performance and preserving margin discipline. Organic growth resumed after previous periods of contraction, driven by resilient demand in key segments and markets.

The increase in net debt primarily reflects financing of strategic acquisitions, underscoring the company’s commitment to expansion even as it balances capital allocation and financial flexibility.

Outlook and Strategic Focus

Inwido reaffirmed its longer-term ambition toward achieving SEK 20 billion in net sales by 2030, leveraging a combination of organic development, targeted acquisitions, and operational efficiencies.

CEO Fredrik Meuller highlighted that 2025 marked a pivotal year in executing Inwido’s strategic roadmap, with tangible progress on growth trajectories, integration of acquired businesses, and sustained market leadership in energy-efficient window and door solutions across Europe.