Inwido Invests SEK 80 Million to Increase Efficiency and Pace of Innovation

Regulatory News:

This information is information that Inwido AB (STO:INWI)(publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at Wednesday, 9 November 2016 at 10:00 a.m.

Inwido is investing, initially SEK 80 million until mid-2017, to increase production efficiency and the pace at which new products are developed. This was announced by Inwido’s President and CEO, Håkan Jeppsson, during the company’s analyst and media day, being held today at the company’s factory in Vetlanda.

"As the group grows, it is natural that we now gradually increase and intensify our investments,” says Håkan Jeppsson. "The investments will mainly be made based on two fundamental aspects of strategy: partly to improve efficiency in production by increasing the level of automation, and partly to facilitate and accelerate the development of new products and concepts.”

The bulk of the investments are being made to modernize and automate parts of production in Sweden, but also in Denmark and Norway. Other major investments are being made in new products with smart, digital solutions ("smart windows”) and a gradual upgrading of the Group’s business systems.

About Inwido

Inwido is Europe’s largest supplier of windows and a leading door supplier. The company has operations in Denmark, Finland, Norway, Sweden, Austria, Estionia, Ireland, Lithuania, Poland and the UK, as well as exports to a large number of other countries. The Group markets some 20 strong local brands including Elitfönster, SnickarPer, Hajom, Hemmafönster, Outline, Tiivi, Pihla, Diplomat and Sokolka. Inwido has approximately 4,000 employees and generated sales of slightly more than SEK 5.2 billion in 2015. The Group's headquarters are located in Malmö, Sweden. For further information, please visit www.inwido.com

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