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Continued net sales growth but a smaller number of loss projects negatively affect the result

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Second quarter: April – June

  • Net sales increased by 16 percent to 351 MSEK (304)
  • Order intake amounted to 364 MSEK (505)
  • Order backlog increased by 14 percent to 1,592 MSEK (1,394)
  • Operating profit amounted to 27 MSEK (34)
  • Adjusted operating profit amounted to 28 MSEK (34)
  • Net profit after tax amounted to 20 MSEK (26)
  • Earnings per share amounted to 1.03 SEK (1.18)
  • Operating cash flow improved to 32 MSEK (-41)

Half-year period: January – June

  • Net sales increased by 15 percent to 640 MSEK (554)
  • Order intake amounted to 656 MSEK (768)
  • Operating profit amounted to 53 MSEK (56)
  • Adjusted operating profit amounted to 54 MSEK (56)
  • Net profit after tax amounted to 39 MSEK (42)
  • Earnings per share amounted to 1.91 SEK (1.93)
  • Operating cash flow amounted to 18 MSEK (-54)

Telephone conference

An online telephone conference will be held on 14 July 2022 at 14:30 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 8 505 163 86; Pin code: 5286208#

UK: +44 203 198 4884; Pin code: 5286208#

USA: +1 412 317 6300; Pin code: 5286208#

Calendar 2022/2023   

Interim report Jan-Sep 2022        31 October 2022
Year-end report Jan-Dec 2022      6 February 2023
Interim report Jan-Mar 2023        24 April 2023

 

This disclosure contains information that Balco Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 14-07-2022 13:00 CET.

For more information, please contact:

Kenneth Lundahl, President and CEO
Tel: +46 70 630 20 57
kenneth.lundahl@balco.se

Michael Grindborn, CFO and Head of IR
Tel: +46 70 670 18 48
michael.grindborn@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 appr. 500 employees, is a market leader in the Nordic region, and operates on several markets in northern Europe. Sales in 2021 amounted to SEK 1,120 M. Balco’s shares are listed on the Nasdaq Stockholm Stock Exchange.

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