Annual and Sustainability Report 2025
Balco Group – climate-smart solutions
Balco Group AB is a market-leading group specialising in innovative and sustainable balcony solutions and facade renovation. Under eight brands, we help our customers create safer and more pleasant homes across eight markets in northern Europe.
Balco AB was founded in 1987 in Växjö and has since grown into a group with approximately 550 employees. The group’s subsidiaries often have strong local roots and are spread across numerous locations in the Nordics and northern Europe. Geographic proximity to our customers is important for the group’s brands and also provides strong market insight.
Read the full annual report
2025 in numbers
1,295 MSEK
NET SALES
1,537 MSEK
ORDER INTAKE
100MSEK
OPERATING CASH FLOW
15,4MSEK
ADJUSTED
OPERATING PROFIT
CEO comments
Increased order intake in a persistently challenging market
2025 was a year characterised by a rapidly changing world and a persistently challenging market climate. The group carried out extensive structural measures with a long-term perspective, while order intake increased by 12 per cent to just over SEK 1.5 billion. Balco Group also made a strategic re-entry into the maritime segment through two major orders, one of which was the largest single order in the company’s history.
Revenue decreased by 9 percent to SEK 1,295 million. Despite comprehensive cost adjustments, the measures could not fully compensate for the lower revenue and continued intense competition in certain markets. With the structural changes completed, a broad product portfolio and retained key expertise, we are well positioned to meet growing market interest in 2026.
We grow sustainably and profitably
The homes of the future need to adapt to urbanisation, resource efficiency and quality of life. Taking into account economic, environmental and social value creation, Balco Group’s strategy is built on four pillars: a long-term business model, innovation, acquisitions and entrepreneurship.
Read moreBalco Group shall be the obvious choice for balcony solutions and contribute to a better living environment.
Value creation within Balco Group
-
An ageing housing stock is driving growing demand for safe and innovative balcony solutions, and Balco Group offers one of the best propositions on the market – encompassing both standardised new-build projects and bespoke solutions tailored to specific renovation needs.
-
With a constant drive to improve products in terms of function, materials and installation processes, Balco Group can offer modern products that often set the standard for the industry.
-
Acquisitions are an important part of Balco Group’s growth strategy, and today the group comprises eight brands, each with unique customer offerings. The group’s experience from previous acquisitions has established a clear and structured process for the successful integration and development of acquired companies.
- Balco Group places great value on entrepreneurship. In the sectors where the group’s subsidiaries operate, the brand carries significant weight and often serves as a mark of quality.
The market
Balco Group is the market leader in the Nordics and a growing player in Europe. The majority of the group’s revenue comes from the renovation segment, where housing cooperatives represent the largest customer group. Common to all geographic markets is a pent-up need for renovation across an ageing housing stock, with a large proportion of buildings constructed between 1940 and 1980.
Net revenue by segment in 2025
In 2025, the renovation segment accounted for the majority of revenue. New construction represented 24 per cent of revenue, while order intake in the segment increased significantly as a result of two major maritime orders.
- Renovation (76%)
- New build (24%)
Read more about the market
Market trends
Energy efficiency has become a top priority for many property owners. Stricter EU requirements, rising operating costs and demands for reduced emissions are driving investment in measures that improve the energy performance of existing buildings. Projects often involve comprehensive renovation solutions.
This is how Balco Group acts:
Balco Group’s subsidiaries together offer a broad and unique range of balcony and facade solutions as well as energy-improving installations that have a significant impact on consumption, improve the indoor climate and enhance quality of life. The group can act as a turnkey contractor and always provides complete solutions encompassing design, construction, installation and service.
Housing cooperatives are seeking safer, more functional and more aesthetically pleasing living environments, particularly in urban areas. Facade improvements, balconies and glazed balconies are popular options that increase property values and improve living standards, but can place high demands on logistics, project management and execution.
This is how Balco Group operates:
Balco Group adapts its balcony and glazing solutions to local building permit requirements, heritage considerations and architectural guidelines. Through advanced project design and close collaboration with municipalities and architects, the group’s subsidiaries can design aesthetically appealing solutions for each project that integrate naturally into the urban or residential setting.
Many property owners want to streamline their renovation processes and reduce costs and risks in complex projects. This increases demand for suppliers that can take full responsibility, deliver on time and manage engineering, construction and project management within a single organisation.
This is how Balco Group acts:
Balco Group actively builds long-term customer relationships, both in Sweden and internationally. Through its subsidiaries, the group has a local presence in many locations, backed by the collective expertise of the entire group. This enables all subsidiaries to take on complex projects and offer a complete, seamless solution together with their sister companies.
Maritime Projects
Balco Group returns to the maritime segment
2025 marked a milestone for Balco Group with two major orders from the cruise industry, with a combined value of approximately SEK 280 million. The projects involve deliveries to the European shipyards Chantiers de l’Atlantique and Meyer Werft, the latter representing the largest single order in the Group’s history.
These contracts confirm Balco’s technical expertise and ability to deliver in complex environments, where high demands are placed on design, durability and precision.
At the same time, the maritime market has recovered strongly following the pandemic, creating new growth opportunities for the Group.
Sustainability for Balco Group
Balco Group’s sustainability work and strategy are aligned with the business concept of creating innovative, sustainable and attractive balcony and facade solutions that enhance people’s quality of life. The group’s products contribute to creating a safe and aesthetically pleasing local environment that delivers long-term value through energy savings and low environmental impact.
Sustainability initiatives 2025
- Review of measurement methods, management and reporting of waste management. The work also includes improvement work for processes and routines with the aim of increasing the proportion of recyclable waste.
- Continued development of the Group’s collection of sustainability data, with a focus on Scope 3. Measurements began in January 2026.
- Preventive work to counteract workplace accidents. The work has been ongoing throughout the year and has focused on work methods, equipment and routines.
Read more about our sustainability work
Key figures
MSEK |
2025 |
2024 |
|---|---|---|
| Net sales | 1 295,1 | 1 417,9 |
| Order intake | 1 537,1 | 1 376,8 |
| Order backlog | 1 523,3 | 1 309,3 |
| Adjusted operating profit (EBITA) | 15,4 | 69,6 |
| Adjusted operating margin (EBITA), % | 1,2 | 4,9 |
| Operating profit (EBIT) | -18,7 | 34,8 |
| Operating margin (EBIT), % | -1,4 | 2,5 |
| Profit for the year | -35,0 | 4,6 |
| Operating cash flow | 99,7 | 138,5 |
| Earnings per share, SEK, before dilution | -1,55 | 0,05 |
| Earnings per share, SEK, after dilution | -1,55 | 0,05 |
| Adjusted earnings per share, basic and diluted | -0,5 | 0,89 |