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More than doubled order intake in the quarter

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The third quarter: July – September

  • Net sales amounted to 243 MSEK (258).
  • Order intake increased 116 percent to 306 MSEK (142).
  • Order backlog increased 13 percent to 1,460 MSEK (1,294).
  • Operating profit amounted to 24 MSEK (29).
  • Adjusted operating profit amounted to 25 MSEK (29).
  • Net profit after tax amounted to 18 MSEK (21).
  • Earnings per share amounted to 0.83 SEK (0.95).
  • Operating cash flow amounted to 24 MSEK (35).

The nine-month period: January – September

  • Net sales amounted to 797 MSEK (931).
  • Order intake increased 53 percent to 1,075 MSEK (703).
  • Operating profit amounted to 80 MSEK (113).
  • Adjusted operating profit amounted to 81 MSEK (113).
  • Net profit after tax amounted to 60 MSEK (83).
  • Earnings per share amounted to 2.76 SEK (3.82).
  • Operating cash flow amounted to -30 MSEK (125).

Events during the third quarter and after end of the quarter

  • Extended bank agreement has been signed with Danske Bank which is valid until October 12, 2024 with an sustainability-linked RCF of 510 MSEK and an overdraft facility of 75 MSEK.
  • Balco Group has improved its ESG risk rating at Sustainalytics to 20.8 (28.6).

Telephone conference

An online telephone conference will be held on 18 November 2021 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 73
UK: +44 333 300 92 60
USA: +1 646 722 49 03 

 

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 18-11-2021 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 2020 amounted to SEK 1,200 M. Balco’s shares are listed on the Nasdaq Stockholm Stock Exchange.

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