Best revenue and profit so far
The second quarter: April – June
The half-year period: January – June
Events during the second quarter and after end of the quarter
- Covid-19 has affected Balco’s order intake in the first and second quarters as general meetings have been postponed. In other respects, operations have functioned normally except some extra costs on construction sites and freight.
- During the quarter, Balco received large orders in the Netherlands and the United Kingdom.
“Best quarter so far in terms of net sales, operating profit and operating margin, as well as really strong cash flow despite the challenges that Covid-19 has brought. We believe that most of the loss in order intake during the first half of the year will be taken back during the second half of the year.”, Kenneth Lundahl. President and CEO
An online telephone conference will be held on 27 August 2020 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 73
UK: +44 333 300 92 70
USA: +1 833 249 84 05
For more information, please contact:
Kenneth Lundahl, President and CEO
Michael Grindborn, CFO and Head of IR