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Double-digit growth in order intake, net sales and earnings

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The first quarter: January – March

  • Net sales increased by 15 percent to 288 MSEK (250)
  • Order intake increased by 11 percent to 292 MSEK (263)
  • Order backlog increased by 39 percent to 1,567 MSEK (1,128)
  • Operating profit increased by 18 percent to 26 MSEK (22)
  • Adjusted operating profit increased by 19 percent to 26 MSEK (22)
  • Net profit after tax increased by 18 percent to 19 MSEK (16)
  • Earnings per share increased by 18 percent to 0.87 SEK (0.74)
  • Operating cash flow amounted to -14 MSEK (-13)

Telephone conference

An online telephone conference will be held on 6 May 2022 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 74
USA: +1 646 722 49 04

Calendar 2022/2023  

Annual General Meeting 2022................... 24 May 2022

Interim report Jan-Jun 2022....................... 14 July 2022

Interim report Jan-Sep 2022...................... 31 October 2022 (NEW DATE)

Interim report Jan-Dec 2022...................... 6 February 2023 (NEW DATE)

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 06-05-2022 07:30 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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