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Strong order intake and launch of a new product segment

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The fourth quarter: October – December

  • Net sales increased 20 percent to 324 MSEK (269).
  • Order intake increased 111 percent to 484 MSEK (230).
  • Order backlog increased 43 percent to 1,557 MSEK (1,087).
  • Operating profit increased to 38 MSEK (3).
  • Adjusted operating profit increased to 38 MSEK (22).
  • Net profit after tax increased to 30 MSEK (-5).
  • Earnings per share increased to 1.36 SEK
    (-0.23).
  • Operating cash flow increased to 125 MSEK (71).

The full year 2021: January – December

  • Net sales amounted to 1,120 MSEK (1,200).
  • Order intake increased 67 percent to 1,558 MSEK (933).
  • Operating profit increased to 118 MSEK (115).
  • Adjusted operating profit amounted to 120 MSEK (135).
  • Net profit after tax increased to 90 MSEK (78).
  • Earnings per share increased to 4.12 SEK (3.58).
  • Operating cash flow amounted to 96 MSEK (196).
  • The Board of Directors proposes a dividend of 2.00 SEK per share (0) divided into two payments, 1.00 SEK per share in May 2022 and 1.00 SEK per share in November 2022.

Events during the fourth quarter and after end of the quarter

  • Balco Group presented its new financial targets on 10 January.
  • Balco Group received a Green Transformation order of 103 MSEK in December.
  • February 9, Balco launched a new unique product segment to solve overcrowding - "Balco Living"

Telephone conference

An online telephone conference will be held on 17 February 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 58
UK: +44 333 300 90 32
USA: +1 646 722 49 02 

 

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 17-02-2022 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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