English

Breakthrough regarding financing in our largest market

Report this content

The second quarter: April – June

  • Net sales increased 19 percent to 325.0 MSEK (273.6).
  • Order intake increased 46 percent to 436.2 MSEK (299.4).
  • Order backlog increased 112 MSEK to 1,640.9 MSEK (1,308.8) at the end of the quarter.
  • Operating profit increased 40 percent to 44.3 MSEK (31.5).
  • Net profit after tax increased 46 percent to 33.7 MSEK (23.1).
  • Earnings per share increased 62 percent to 1.70 SEK (1.05) before and after dilution.
  • Operating cash flow increased to 41.6 MSEK (13.3).

The half-year period: January – June

  • Net sales increased 15 percent to 594.9 MSEK (516.1).
  • Order intake increased 40 percent to 798.0 MSEK (570.7).
  • Order backlog has increased 103 MSEK organic during the half-year period.
  • Operating profit increased 33 percent to 71.3 MSEK (53.5).
  • Net profit after tax increased 38 percent to 53.6 MSEK (38.7).
  • Earnings per share increased 40 percent to 2.68 SEK (1.92) before and after dilution.
  • Operating cash flow increased to 33.9 MSEK (-10.1).

Events during the second quarter and after end of the quarter

  • After the end of the quarter, Balco has prolonged the banking agreement and the agreement is now valid until September 2022. The acquisition credit has been restored to 100 MSEK.
  • Collaboration with a Nordic bank that in Sweden offers tenant-owner associations 70 years of amortization time when installing Balco's glazed balconies against previous 50 years.

Telephone conference

An online telephone conference will be held on 27 August at 09:00 CET at which President and CEO Kenneth Lundahl and CFO Michael Grindborn will present the report and answer questions. To participate, please call:

SE: +46 8 505 583 50
UK: +44 333 300 92 68
USA: +1 833 526 83 80

For more information, please contact:

Kenneth Lundahl, President and CEO, Tel: +46 70 630 20 57

Michael Grindborn, CFO and Head of IR, Tel: +46 70 670 18 48

This information comprises such information as Balco Group AB is obliged to publish in accordance with the EU Market Abuse Regulation and the Securities Market Act. The information was provided by the contact persons above for publication on 27 August 2019 at 08:00 CET.

Subscribe

Documents & Links