Structural change in the Riikku Group

Balco Group is constantly working on optimizing our processes and organization. To streamline, save costs, and be able to achieve the best development at our newly acquired Finnish group Riikku, a decision has been made to restructure their operations and company structure.

In Finland, Riikku Group Oy has restructured its organization into three business areas: new build, renovation and service. Their subsidiary Riikku Koti, which works in the renovation side and towards consumers, will be incorporated into the parent company Riikku Group Oy. Together with employees of Riikku Group Oy, they will run the renovation business area and develop Riikku's offering for renovation projects.

In Sweden, Riikku Sweden will be incorporated into RK Teknik, which has a strong position and good offering to the construction sector. This will strengthen RK Teknik's expertise and product offering in the new build segment.

In Norway, Riikku has sold his company Glassy to the previously employed minority owners. Processing of the new build segment in Norway with Riikku products will be handled by Balco AS in the future.

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.