NASDAQ OMX (NASDAQ:NDAQ) announced that Inwido AB (short name: INWI), a Mid Cap company within the Industrials sector, has started trading of its shares on the main market of NASDAQ OMX Stockholm. Inwido is, including switches, the 18th company to list at NASDAQ OMX’s Nordic main markets in 2014 (NASDAQ OMX Stockholm; Helsinki; Copenhagen; and Iceland).
Inwido is Europe’s largest manufacturer of windows and doors. Each year, consumers in more than 15 markets purchase over four million products from Inwido. In 2013, Inwido had sales of SEK 4.3 billion and an operating profit of SEK 345 million. The consumer segment accounted for some 70 percent of sales, while industry players accounted for the rest. Inwido has approximately 3,100 employees and is headquartered in Malmö, Sweden. For more information, visit www.inwido.com.
“We have been welcomed by the investors in Sweden as well as internationally,” said Håkan Jeppsson, CEO at Inwido. “Investors strongly believe in our strategy and our capabilities to manage Inwido into the next phase as a public company. We will continue to work on our profitability by delivering innovative windows and doors for smart homes to improve people's well-being.”
”We welcome Inwido to NASDAQ OMX Stockholm where we continue to see a strong inflow of new exciting companies,” said Adam Kostyal, Senior Vice President at NASDAQ OMX. “Inwido will make a valuable addition to our industrials goods sector and we look forward supporting them with the investor exposure that comes with being a main market company.”