Strong cash flow

Second quarter: April - June Net sales increased by 8 percent to 374 MSEK (346) Order intake increased by 26 percent to 380 MSEK (301) Order backlog increased by 16 percent to 1,384 MSEK (1,195) Adjusted operating profit (EBITA) amounted to 19 MSEK (31) Adjusted operating margin amounted to 5.0 percent (8.9) Net profit after tax amounted to 3.5 MSEK (21) Earnings per share amounted to 0.15 SEK (0.94) Operating cash flow improved to 64 MSEK (-10)

The half-year period: January– June Net sales increased by 4 percent to 700 MSEK (672) Order intake increased by 34 percent to 732 MSEK (547) Adjusted operating profit (EBITA) amounted to 35 MSEK (59) Adjusted operating margin amounted to 5.0 percent (8.8) Net profit after tax amounted to 6 MSEK (34) Earnings per share amounted to 0.25 SEK (1.57) Operating cash flow improved to 82 MSEK (-20)

Events during the quarter and since the end of the quarter

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

" During the quarter, we received a major order for a modular house manufacturer in Germany worth approximately 37 MSEK. "

" We are seeing a clear increase in activity in the market, but the processes are still taking a long time. “

- Camilla Ekdahl, President and CEO

Web conference

A webcast conference call will be held at 14:00 CET July 12, 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/q2-2024/

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

SE: +46 8 4468 2488

PIN: 836 6050 0734#

Calendar 2024                    

Interim report Jan-Sep 2024............. October 28, 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
 

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 12-07-2024 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]