Acquisitions strengthen Balco Group’s customer offering
The first quarter: January – March
Events during the first quarter and after end of the quarter
- On April 8, Balco acquired RK Teknik AB, with net sales in 2020 of 115 MSEK and an operating profit of 10 MSEK. The acquisition strengthens and complements Balco Group’s product range and customer offering and means that City balconies will now be introduced on the Swedish market, a product segment that has so far only been sold in Denmark.
- Covid-19 with a continued high spread of infection has affected order intake, net sales and profit in the first quarter and will continue to affect net sales and profit in the coming quarters.
An online telephone conference will be held on 20 May 2021 at 09:00 CET at which President and CEO Kenneth Lundahl and CFO Michael Grindborn will present the report and answer questions. To participate, please call:
SE: +46 8 505 583 51
UK: +44 333 300 92 72
USA: +1 833 526 83 83
For more information, please contact:
|Kenneth Lundahl, President and CEO
Tel: +46 70 630 2057
Michael Grindborn, CFO and Head of IR
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 20-05-2021 07:30 CET.