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Good net sales growth and stable profitability

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First quarter: January - March

  • Net sales increased by 13 percent to 326 MSEK (288)
  • Order intake amounted to 245 MSEK (292)
  • Order backlog amounted to 1,241 MSEK (1,567)
  • Adjusted operating profit (EBITA) amounted to 28 MSEK (27)
  • Operating profit (EBITA) amounted to 23 MSEK (27)
  • Operating profit (EBIT) amounted to 22 MSEK (26)
  • Net profit after tax amounted to 14 MSEK (19)
  • Earnings per share amounted to 0.68 SEK (0.89)
  • Operating cash flow amounted to -11 MSEK (-14)

Events during the quarter and since the end of the quarter

  • On March 2, all shares in the turnkey company NMT Montageteknik i Norden AB was acquired. The company is consolidated in the group from March 1.
  • Further cost-savings has been implemented during March-April, which is estimated to provide 15 MSEK in annual savings and entailed items affecting comparability in the first quarter of 5 MSEK.

Web conference

A webcast conference call will be held at 14:30 CEST April 24, 2023, where CEO and President Camilla Ekdahl and CFO Michael Grindborn will present the report and answer questions.

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

https://www.finwire.tv/webcast/balcogroup/q1-2023/

To participate via teleconference and be able to ask questions, call in:

SE: +46 8 5052 0017

PIN: 894 1190 5538#

Calendar 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 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 24-04-2023 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, which was founded in Växjö in 1987 and which has more than 500 employees, 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.

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