Brief: Q4 EBITA Ex-Items Down At SEK 183 Million

Inwido AB (publ)

05/02/2020 06:48

Feb 5 (Reuters) - Inwido AB (publ)  INWI.ST :
    * YEAR-END REPORT JANUARY-DECEMBER 2019
    * Q4 NET SALES AMOUNTED TO SEK 1,813 MILLION (1,864),
REPRESENTING
A DECREASE OF 3%
    * BOARD OF DIRECTORS PROPOSES A DIVIDEND OF SEK 3.50 (2.50)
    * AS WE NOW CLOSE BOOKS FOR 2019, I CAN SUM UP A YEAR THAT
LARGELY
PROGRESSED IN ACCORDANCE WITH OUR PLAN GIVEN MARKET CONDITIONS
    * Q4 EBITA EX-ITEMS SEK 183 MILLION VERSUS SEK 215 MILLION
YEAR
AGO
    * WE DELIVERED STRONG CASH FLOWS AND A SHARPLY REDUCED LEVEL
OF
DEBT
    * Q4 OPERATING CASH FLOW INCREASED TO SEK 393 MILLION (291)
    * IN 2019, WE REFINED OUR ACQUISITION STRATEGY AND
STRENGTHENED
BALANCE SHEET REASSURES US AS WE PROGRESS INTO 2020
    * NORDIC INDUSTRY MARKET REMAINS CHALLENGING, ALTHOUGH WE
ARE
SEEING POSSIBLE INDICATIONS THAT IT IS LEVELLING OUT, WHILE
CONSUMER MARKETS ARE DIFFICULT TO ASSESS

Source text for Eikon:  ID:nWkr6TJHkN 
Further company coverage:  INWI.ST 

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