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Strong cash flow, good order intake and increased dividend

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The fourth quarter: October – December

  • Net sales increased 10 percent to 333 MSEK (304)
  • Order intake increased 15 percent to 352 MSEK (305)
  • Order backlog increased 26 percent to 1,522 MSEK (1,204)
  • Operating profit increased 40 percent to 38 MSEK (27)
  • Net profit after tax increased 37 percent to 26 MSEK (19)
  • Earnings per share increased to 1.11 SEK before dilution and 1.10 SEK after dilution (0.86)
  • Operating cash flow increased to 100 MSEK (28)

The full year 2019: January – December

  • Net sales increased 15 percent to 1,221 MSEK (1,058)
  • Order intake increased 34 percent to 1,349 MSEK (1,003)
  • Operating profit increased 33 percent to 140 MSEK (106)
  • Net profit after tax increased 34 percent to 103 MSEK (77)
  • Earnings per share increased to 4.81 SEK before dilution and 4.76 SEK after dilution (3.67)
  • Operating cash flow increased to 134 MSEK (51)
  • The Board of Directors proposes a dividend of 2,50 SEK per share (2,00), an increase of 25 percent

Telephone conference
An online telephone conference will be held on 20 February 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 8 519 993 83
UK: +44 333 300 92 70
USA: +1 833 823 05 87

This information comprises such information as Balco Group AB is obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person below for publication on 20 February 2020 at 07.30 CET.

For more information, please contact:

Kenneth Lundahl, President and CEO
Tel: +46 70 630 20 57

Michael Grindborn, CFO and Head of IR
Tel: +46 70 670 18 48

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 over 400 employees, is a market leader in the Nordic region, and operates on several markets in northern Europe. Sales in 2019 amounted to SEK 1,221 M. Balco’s shares are listed on the Nasdaq Stockholm Stock Exchange.

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