All-time-high net sales and strong cash flow

Mon, Feb 06, 2023 13:00 CET

Fourth quarter: October – December

Net sales increased by 18 percent to
383 MSEK (324)
Order intake amounted to 188 MSEK (484)
Order backlog amounted to 1 275 MSEK (1 557)
Operating profit amounted to 33 MSEK (38)
Adjusted operating profit amounted to 33 MSEK (38)
Net profit after tax amounted to 26 MSEK (30)
Earnings per share amounted to 1,38 SEK (1,36)
Operating cash flow amounted to 78 MSEK (126)

Full year: January – December

Net sales increased by 19 percent to 1 334 MSEK (1 120)
Order intake amounted to 1 109 MSEK (1 558)
Operating profit amounted to 102 MSEK (118)
Adjusted operating profit amounted to 105 MSEK (120)
Net profit after tax amounted to 76 MSEK (90)
Earnings per share amounted to 3,78 SEK (4,12)
Operating cash flow amounted to 200 MSEK
(96)

Events during the quarter and since the end of the quarter

On October 25, 80 percent of the shares in Söderåsen Mur & Kakel AB was acquired. The company is consolidated in the group from 1 November.

On November 30, an acquisition agreement was entered into and on January 2, 2023, the acquisition of the company Arutex AB was completed, which will be a subsidiary of TBO Haglinds AB and will be consolidated in the group from January 1, 2023.

On December 8 Camilla Ekdahl was appointed President and CEO of Balco Group AB.

The Board of Directors proposes a dividend of 1.50 SEK per share (2.00) divided into two payments, 0.75 SEK per share in May 2022 and 0.75 SEK per share in November 2022.

Web conference

A webcast conference call will be held at 14:30 CET February 6, 2023, where CEO and President Camilla Ekdahl and CFO Michael Grindborn will present the results for the fourth quarter of 2022.

To follow the webcast presentation and send written questions, please use this link:

https://www.finwire.tv/webcast/balcogroup/2022-q4/

To participate via teleconference, connect via the following link or call in:

https://us06web.zoom.us/j/89294925058

SE: +46 8 5050 0828

PIN: 892 9492 5058#

Calendar 2023

Interim report Jan-Mar 2023 24 April 2023
Annual General Meeting 2023 9 May 2023
Interim report Jan-Jun 2023 14 July 2023
Interim report Jan-Sep 2023 30 October 2023
Year-end report Jan-Dec 2023 5 February 2024

This disclosure contains information that Balco Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 06-02-2023 13:00 CET.

For more information, please contact:

Camilla Ekdahl, President and CEO
Tel: +46 70 606 30 32
camilla.ekdahl@balco.se

Michael Grindborn, CFO and Head of IR
Tel: +46 70 670 18 48
michael.grindborn@balco.se

Balco Group is the market leader in the balcony industry where we develop, manufacture, sell and are responsible for the installation of self-made open and glazed balcony systems. The group's customized products contribute to increased quality of life, safety and to an increase in value for the residents of apartment buildings, in addition, Balco Group's standardized glazing generates reduced energy consumption The company was founded in Växjö in 1987 and has more than 500 employees and is a market leader in Scandinavia, and operates on several markets in northern Europe. Sales in 2022 amounted to 1,334 MSEK. Balco’s shares are listed on the Nasdaq Stockholm Stock Exchange.