More than doubled order intake

Third quarter: July - September Net sales increased by 31 percent to 331 MSEK (253) Order intake increased by 111 percent to 285 MSEK (135) Order backlog increased by 25 percent to 1,329 MSEK (1,067) Adjusted operating profit (EBITA) amounted to 17 MSEK (15) Adjusted operating margin amounted to 5.0 percent (6.0) Net profit after tax amounted to 1 MSEK (6) Earnings per share amounted to -0.03 SEK (0.24) Operating cash flow amounted to -1 MSEK (18)

The interim period: January– September Net sales increased by 11 percent to 1,031 MSEK (925) Order intake increased by 49 percent to 1,017 MSEK (682) Adjusted operating profit (EBITA) amounted to 52 MSEK (74) Adjusted operating margin amounted to 5.0 percent (8.0) Net profit after tax amounted to 7 MSEK (40) Earnings per share amounted to 0.12 SEK (1.81) Operating cash flow improved to 81 MSEK (-2)

Events during the quarter and since the end of the quarter

• Structural change of Riikku's operations and company structure.

" During the quarter, Balco AB received a major turnkey project in Borås in Sweden of approximately 60 MSEK. "

" Our newly acquired Finnish company Suomen ohutlevyasennus Oy has been selected as a supplier for several major projects during the quarter and so far in October in total of 8 MEUR. “

- Camilla Ekdahl, President and CEO

Web conference

A webcast conference call will be held at 14:00 CET October 28, 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/q3-2024/

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

SE: +46 8 5052 0017

PIN: 835 5857 5016 #

Calendar 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
Interim report Jan-Sep 2025........... October 27, 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). The information was submitted for publication, through the agency of the contact person, on 28-10-2024 13:00 CET.

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.

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

support.se@cision.com

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