Ratos receives SEK 290m dividend from Inwido
Ratos has received SEK 290m from a dividend payment, totalling SEK 301m, from Swedish window manufacturer Inwido.
Additional debt has not been introduced as a result of the payment. The dividend is the result of the past year's strong performance.
Ratos acquired Inwido, then known as Elitfönster, in 2004 with an investment amounting to SEK 473m. The company was acquired from Triton Partners. In 2009 Ratos injected an additional SEK 400m to improve the company's balance sheet following 30 add-on acquisitions since 2004.
Inwido is based in Malmö and has operations in all the Nordic countries as well as in the UK, Ireland, Poland and Russia. The company generated a turnover of SEK 5.149bn and EBITA of SEK 446m in 2010.
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