Balco starts production and delivery of the largest order in the company’s history
Balco is now starting production and delivery of the order for glazed balconies in Östersund which is worth approximately SEK 160 million. The order, which already has been included in the company’s order backlog, is the largest in Balco’s 30-year history and will contribute to revenues towards the end of the fourth quarter of 2017 and throughout 2018.
Balco’s customers have now been granted planning permission, and Balco is starting production of balconies to three tenant-owners’ associations in Östersund. The order, which is worth approximately SEK 160 million, is included in the order backlog that the company reported in the listing prospectus and previous interim report. With the granting of planning permission, the production phase has started and consequently the project will contribute to revenues towards the end of the fourth quarter of 2017 and throughout 2018. The project is expected to be completed at the end of 2018.
‟The order from Östersundshus is yet a further acknowledgement of our strong offering, which provides a number of advantages for the residents. It is pleasing that the implementation of this project coincides with our 30th anniversary. By creating our own market and gaining market shares, we see possibilities to continue our organic growth. This is the case both in the Nordic region, where we are the market leader, and also in the rest of northern Europe”, says Kenneth Lundahl, President and CEO of Balco, in a comment.
For more information, please contact:
Kenneth Lundahl, President and CEO, +46 70-630 20 57, email@example.com
Cecilia Lannebo, IR Manager, + 46 72-220 82 77, firstname.lastname@example.org
Balco is a growth company offering high quality, innovative, patented and energy-saving balcony solutions. The company’s customised products contribute to enhanced quality of life, security and an increase in value for residents of multi-family residential properties. Through a decentralized and efficient sales process, Balco has control over the entire value chain – from production to delivery. The company, which was founded in Växjö in 1987 and which has over 300 employees, is a market leader in the Nordic region, and operates on several markets in northern Europe. Sales in 2016 amounted to MSEK 802. Balco’s shares are listed on the Nasdaq Stockholm Stock Exchange.