2019-11-14

Consistently good quarter

The third quarter: July – September

  • Net sales increased 23 percent to 292.4 MSEK (237.7).
  • Order intake increased 57 percent to 199.3 MSEK (127.4).
  • Order backlog increased 29 percent to 1,556.9 MSEK (1,202.7).
  • Operating profit increased 25 percent to 31.3 MSEK (25.1).
  • Net profit after tax increased 21 percent to 23.2 MSEK (19.1).
  • Earnings per share increased 34 percent to 1.19 SEK (0.89) before and after dilution.
  • Operating cash flow amounted to -2.2 MSEK (33.1).

The nine-month period: January – September

  • Net sales increased 18 percent to 887.3 MSEK (753.8).
  • Order intake increased 43 percent to 997.3 MSEK (698.0).
  • Order backlog has increased 155 MSEK organic during the nine-month period.
  • Operating profit increased 31 percent to 102.6 MSEK (78.6).
  • Net profit after tax increased 33 percent to 76.7 MSEK (57.8).
  • Earnings per share increased 38 percent to 3.87 SEK (2.81) before and after dilution.
  • Operating cash flow increased to 31.7 MSEK (22.9).

Events during the third quarter and after end of the quarter

  • Strengthening and change of Group management has taken place from October 1, when Camilla Ekdahl took over as CEO of Balco AB and COO of the Group.

Telephone conference

An online telephone conference will be held on 14 November 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 8 566 427 04

UK: +44 333 300 92 60

USA: +1 833 823 05 86

For more information, please contact:

Kenneth Lundahl, President and CEO, Tel: +46 70 630 20 57

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

This information comprises such information as Balco Group AB is obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person below for publication on 14 November 2019 at 07.30 CET.