Balco - Winner of the award for best annual report of 2017
Yesterday evening, Balco was the proud recipient of the award for the best annual report for 2017 in the Small Cap category. The award was presented by the arrangers of the “Sweden’s best annual report for 2017” competition, namely SFF, FAR, Nasdaq and the Swedish Communication Association.
The reasons cited by the jury include comments such as “an ambitious annual report of a scope which normally characterises much larger listed companies”. The jury emphasised the fact that the narrative section contained an unusual amount of useful information presented in a summarised and well-balanced manner through the use of simple language and clear graphics. Balco’s endeavour in the sustainability section to show the link between the company’s social responsibility and its core business was also noted. The jury also reflected on the fact that tempo of the annual report was maintained in the administration report, and that mandatory parts of the report, such as comments on results, risk factors and corporate governance, were carefully thought through.
“I’m pleased and proud that our work on describing our niche position on the balcony market, and our business from an initial meeting with a potential customer to order placement and project delivery, has been noted and can compete favourably with many quality annual report productions”, says Fredrik Hall, CFO of Balco, in a comment.
“It’s a major achievement to be the recipient of the award for best annual report during our first year as a listed company. It’s pleasing that the jury liked the annual report in its entirety, both the narrative section and the more financial sections, and that it recognised our endeavours to educate and create a total impression for the reader”, says Cecilia Lannebo, Balco’s Head of IR.
For more information, please contact:
Cecilia Lannebo, Head of IR, +46 72-220 82 77, cecilia.lannebo@balco.se
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 2017 amounted to SEK 989 M. Balco’s shares are listed on the Nasdaq Stockholm Stock Exchange.