Strong cash flow

Fri, Jul 12, 2024 13:00 CET

Second quarter: April - June

Net sales increased by 8 percent to 374 MSEK (346)
Order intake increased by 26 percent to 380 MSEK (301)
Order backlog increased by 16 percent to 1,384 MSEK (1,195)
Adjusted operating profit (EBITA) amounted to 19 MSEK (31)
Adjusted operating margin amounted to 5.0 percent (8.9)
Net profit after tax amounted to 3.5 MSEK (21)
Earnings per share amounted to 0.15 SEK (0.94)
Operating cash flow improved to 64 MSEK (-10)

The half-year period: January– June

Net sales increased by 4 percent to 700 MSEK (672)
Order intake increased by 34 percent to 732 MSEK (547)
Adjusted operating profit (EBITA) amounted to 35 MSEK (59)
Adjusted operating margin amounted to 5.0 percent (8.8)
Net profit after tax amounted to 6 MSEK (34)
Earnings per share amounted to 0.25 SEK (1.57)
Operating cash flow improved to 82 MSEK (-20)

Events during the quarter and since the end of the quarter

No significant events after the end of the period have been reported.

" During the quarter, we received a major order for a modular house manufacturer in Germany worth approximately 37 MSEK. "

" We are seeing a clear increase in activity in the market, but the processes are still taking a long time. “

- Camilla Ekdahl, President and CEO

Web conference

A webcast conference call will be held at 14:00 CET July 12, 2024, 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/q2-2024/

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

SE: +46 8 4468 2488

PIN: 836 6050 0734#

Calendar 2024

Interim report Jan-Sep 2024............. October 28, 2024
Year-end report Jan-Dec 2024.......... February 10, 2025
Annual Report 2024.......................... March 14, 2025
Interim report Jan-Mar 2025.............. April 28, 2025
Annual General Meeting 2025........... May 6, 2025
Interim report Jan-Jun 2025............... July 14 2025

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 12-07-2024 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 a leading player in the balcony industry, focused on providing innovative, patented and energy-efficient solutions for multi-dwelling buildings. The company's tailored products contribute to increasing the quality of life, safety and value of homes. Through a decentralized and efficient sales process, Balco Group has full control over its value chain from production to delivery. Founded in 1987 in Växjö, the company now employs approximately 650 people and is a market leader in Scandinavia with operations in several markets in Northern Europe. The company's revenue for 2023 was 1,215 MSEK, and it is listed on the Nasdaq Stockholm.