Inwido Ab · OMXSTO:INWI
Inwido Ab — Q3 2026 Earnings Presentation
26 slides from Inwido Ab's earnings presentation, Oct 21, 2026
Slide 1: Q3 Interim report January-September 2026
Q3 Interim report January-September 2026 Fredrik Meuller, President & CEO Peter Welin, CFO & Deputy CEO October 21, 2026
Slide 2: Agenda
Agenda Highlights Business Areas Financials Summary and outlook Q&A
Slide 3: Organic order intake growth and higher margins in all BAs
3 Organic order intake growth and higher margins in all BAs Highlights Q3 2026 Net sales SEK 2,724m (2,224) Market conditions similar to previous quarter… change +22% ▪ Inflationary pressure from Middle East conflict organic change +5% ▪ Large market variations – Scandinavia stronger Order intake, o
Slide 4: Highlights in the quarter
Highlights in the quarter Sustainability Customer satisfaction Industry recognition Major ESG rating upgrade for Spar Vinduer surpasses Elitfönster wins Inwido: BB to A 10,000 Trustpilot reviews Svenska Aluminiumpriset 2026
Slide 5: Agenda
Agenda Highlights Business Areas Financials Summary and outlook Q&A
Slide 6: Margin improvement from volume and cost efficiency
Margin improvement from EASTERN EUROPE volume and cost efficiency Business Area Scandinavia Sales SEKm and Op EBITA %, LTM 5 000 16% 14% ▪ Sales +6% to SEK 1,126m (1,065), organic +3% 4 000 12% ▪ Organic order intake +7% 3 000 10% 8% ▪ Op EBITA SEK 187m (163) 2 000 6% ▪ Op EBITA margin 16.6% (15.3)
Slide 7: Positive contribution from recent acquisitions
Positive contribution from WESTERN EUROPE recent acquisitions Business Area West Sales SEKm and Op EBITA %, LTM 14% ▪ Sales +56% to SEK 701m (450), organic +8% 2 000 12% 1 600 10% ▪ Organic order intake +10% 8% 1 200 ▪ Operating EBITA SEK 82m (52) 6% 800 4% ▪ Operating EBITA margin 11.7% (11.5) 400
Slide 8: Positive signs in the project market in Finland
Positive signs in the project SCANDINAVIA market in Finland Business Area East Sales SEKm and Op EBITA %, LTM 1 800 8% 1 600 ▪ Sales +31% to SEK 607m (463), driven by acquisitions, 1 400 7% 6% organic -3% 1 200 5% 1 000 ▪ Organic order intake +4% 800 4% 3% 600 ▪ Op EBITA SEK 43m (33) 400 2% 200 1% ▪
Slide 9: Margin higher for 5th consecutive quarter
Margin higher for 5th e-Commerce consecutive quarter Business Area e-Commerce Sales SEKm and Op EBITA %, LTM 1 200 12% ▪ Sales +14% to SEK 300m (263), organic +15% 1 000 10% ▪ Organic order intake +6% 800 8% 600 6% ▪ Op EBITA SEK 30m (23) 400 4% ▪ Op EBITA margin 10.0% (8.6) 200 2% ▪ LTM profitabili
Slide 10: Agenda
Agenda Highlights Business Areas Financials Summary and outlook Q&A
Slide 11: Continued profitable growth in the quarter
11 Continued profitable growth in the quarter Material cost inflation compensated by volume, pricing and operational efficiency – unchanged Gross Margin Q3 Q1-Q3 SEKm 2026 2025 Change 2026 2025 Change LTM 2025 FY Net sales 2,724 2,224 22% 7,528 6,562 15% 9,968 9,002 Gross Profit 708 575 23% 1,870 1,
Slide 12: Our highest-ever Operating EBITA in a single quarter
Our highest-ever Operating EBITA in a single quarter Margin improvement in all four Business Areas Sales in Q3, SEKm, from 2025 to 2026 Op EBITA in Q3, SEKm, from 2025 to 2026 3000 400 +144 +37 +7 -5 +251 350 +10 +7 2500 +31 +61 300 +24 2000 250 1500 200 150 1000 100 500 50 2,224 2,724 268 334 0 0 S
Slide 13: Operating EBITA margin above that of last year's Q3
Operating EBITA margin above that of last year’s Q3 Pricing, efficiency improvements and cost control main drivers Sales and Op EBITA % in Q3, 2020 - 2026 3,000 16% 14.4% 14.5% 13.2% 13.4% 14% 2,500 12.5% 12.3% 12.0% 12% 2,000 10% Op EBITA, % Sales, SEKm 1,500 8% 6% 1,000 4% 500 2% 1,716 1,897 2,386
Slide 14: Cash flow also improved compared to last year
Cash flow also improved compared to last year Higher contribution from operating activities – an improved result and lower tax payments Q3 Acquisitions of tangible and intangible assets in SEKm and % of sales Change SEKm 2026 2025 SEKm 4.1% 400 4.5% Cash flow from operating activities 374.2 250.3 12
Slide 15: Leverage remains healthy, offering M&A headroom
Leverage remains healthy, offering M&A headroom Net Debt / Op EBITDA 1.9x excluding IFRS 16 – 1.8x pro forma adjusted for 2025 / 2026 acquisitions Net Debt (SEKm), Net Debt vs Op EBITDA (times) 3,500 2.5 Net Debt / Op EBITDA incl. IFRS 16: 2.1x (1.0) 3,000 2.0 Net Debt / Op EBITDA excl. IFRS 16: 1.9
Slide 16: ROOC has improved over last two quarters, now at 12.0%
16 ROOC has improved over last two quarters, now at 12.0% Average operating capital increased due to recent acquisitions Average Operating Capital (SEKm), and ROOC (%) 8,500 18.3% 20% 17.9% 17.6% 8,100 16.8% 16.2% 18% 15.4% 7,700 Target 16% 13.7% 13.4% 13.1% 13.1% 13.2% 7,300 12.7% 12.7% 12.4% 14% 1
Slide 17: Organic order intake growth in all Business Areas in Q3
Organic order intake growth in all Business Areas in Q3 Total organic growth of 7% with Project segment representing lion share Total Order backlog, SEKm, 2024 - 2026 Order intake in Q3 2026 compared to last year Organic 4,000 3,453 Group +7% 3,500 2,769 - whereof Consumer +1% 3,000 2,500 - whereof
Slide 18: Consumer: Continued growth in Sweden and Denmark
Consumer: Continued growth in Sweden and Denmark UK and Finland remain challenging, and decline increased in Q3 compared to Q2 Consumer: Organic order intake per quarter 2025 Q3 – 2026 Q3 (share of total Consumer sales, 2026 LTM) 20% 15% 22% 10% Denmark Group (40%) 5% 3% 2% 1% UK Finland (15%) (7%)
Slide 19: Project: Healthy growth, albeit lumpy
Project: Healthy growth, albeit lumpy Organic growth of 18 percent in the quarter mainly driven by Finland and Ireland Project: Organic order intake per quarter 2025 Q3 – 2026 Q3 (share of total Project sales, 2026 LTM) 300% 250% 200% 150% UK Group (32%) Denmark 100% Finland Norway Sweden (7%) 58% (
Slide 20: Agenda
Agenda Highlights Business Areas Financials Summary and outlook Q&A
Slide 21: Inwido shows resilience yet again
21 Inwido shows resilience yet again Highlights Q3 2026 Organic growth in order intake in all BAs Organic growth in net sales in 3 of 4 BAs Highest quarterly Operating EBITA to-date Higher Operating EBITA margin in all BAs – 5th consecutive quarter for BA e-Commerce Record-high order backlog ROOC im
Slide 22: Outlook
Outlook Early signs of cycle recovery and emerging energy efficiency awareness Gradual improvement across all Inwido BAs and order book also offer cautious optimism Still, market uncertainty remains high due to the ongoing Middle East conflict Fears of increasing inflation and related interest rate
Slide 23: Agenda
Agenda Highlights Business Areas Financials Summary and outlook Q&A
Slide 24: Questions & Answers
Questions & Answers Fredrik Meuller, President & CEO Peter Welin, CFO & Deputy CEO
Slide 25: Upcoming events
Upcoming events Financial calendar December 9, 2026 Capital Markets Day, Stockholm February 9, 2027 Q4 and full year report for 2026 April 27, 2027 Q1 report for 2027 May 19, 2027 Annual General Meeting 2027 July 16, 2027 Q2 report for 2027
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