Q3 2024 Inwido AB (publ) Earnings Call Transcript
Key Points
- Inwido AB (FRA:5IW) reported a 3% growth in order intake and a 9% increase in order backlog for Q3 2024, indicating strong demand.
- The company's operating EBITA margin improved to 13.4% from 13.2% in Q3 2023, showcasing enhanced operational efficiency.
- E-commerce business area showed robust growth, with a 7% increase in sales and improved margins, highlighting successful strategic initiatives.
- Western Europe saw a significant margin uplift, driven by improved efficiency and market share gains, particularly in challenging markets like England.
- Inwido AB (FRA:5IW) continues to invest in sustainability, with initiatives like the new paint line in Poland saving 23,000 liters of paint annually, reflecting a commitment to environmental responsibility.
- Net sales declined by 3% quarter-on-quarter, with an organic decline of 1%, reflecting challenging market conditions.
- Eastern Europe experienced a 15% drop in sales, indicating ongoing struggles in this region despite improved order intake.
- The company's return on operating capital decreased to 13.1% from 16.2% in 2023, primarily due to lower sales volumes.
- Net debt in relation to operating EBITDA increased from 1.1 times last year to 1.2 times, indicating a slight rise in leverage.
- Scandinavia's market remains mixed, with Norway still facing challenges in both consumer and industry sales, impacting overall regional performance.
Welcome to the NVIDA Q3 2024 report presentation.
For the first part of the presentation, participants will be in listen-only mode during the questions and answer session. Participants are able to ask questions by dialing pound key five on their telephone keypad.
If you are listening to the presentation via webcast, you can ask written questions using the form below.
Now, I will hand the conference over to speaker CEO Frederick Mueller and CFO Peter Wean.
Please go ahead.
Thank you. Good morning, everyone and welcome to this webcast and telephone conference covering Invis third quarter and nine month year-to-date performance in 2024. My name is Frederick Miller, President and CEO of NVIDA and joining me on today's call here in Stockholm is Peter V.
Our group co you know the drill by now, the structure of this call is that I will start with a run through of where our group is finding itself right now. Our latest achievements and financials and then Peter will provide
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
