Good net sales and profitability in a challenging market

Second quarter: April - June Net sales amounted to 346 MSEK (351) Order intake amounted to 301 MSEK (364) Order backlog amounted to 1,195 MSEK (1,592) Adjusted operating profit (EBITA) improved to 31 MSEK (29) Operating profit (EBITA) improved to 30 MSEK (28) Operating profit (EBIT) amounted to 28 MSEK (28) Net profit after tax improved to 21 MSEK (20) Earnings per share improved to 1.25 SEK (1,03) Operating cash flow amounted to -7 MSEK (32)

The half-year period: January– June Net sales increased by 5 percent to 672 MSEK (640) Order intake amounted to 547 MSEK (656) Adjusted operating profit (EBITA) improved to 59 MSEK (56) Operating profit (EBITA) amounted to 53 MSEK (55) Operating profit (EBIT) amounted to 50 MSEK (53) Net profit after tax amounted to 34 MSEK (39) Earnings per share improved to 1.93 SEK (1.91) Operating cash flow amounted to -18 MSEK (18)

Events during the quarter and since the end of the quarter

• No significant events after the end of the period have been reported.

 ""The cost reductions we have made have been effective with an improved profit margin during the quarter compared to the previous year.." - Camilla Ekdahl, President and CEO

Web conference

A webcast conference call will be held at 14:00 CET July 14, 2023, 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/q2-2023/

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

SE: +46 8 5050 0829

PIN: 875 9209 4583#

Calendar 2023                    

Interim report Jan-Sep 2023             October 30, 2023
Year-end report Jan-Dec 2023         February 5, 2024
Interim report Jan-Mar 2024            April 29, 2023
Annual General Meeting 2024         May 14, 2023
Interim report Jan-Jun 2024             July 12, 2023
 

This disclosure contains information that Balco Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 14-07-2023 13:00 CET.

For more information, please contact:

Camilla Ekdahl, President and CEO
Tel: +46 70 606 30 32
[email protected]

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