2018-05-17

Continued strong order intake and strong demand

The first quarter: January – March

  • Net sales of SEK 242.6 (230.8) million, an increase of 5.1 percent or SEK 11.8 million. The increase was entirely organic.
  • Order intake of SEK 271.2 (220.1) million), an increase of 23.2 percent, of which Renovation accounted for 95 percent.
  • Operating profit of SEK 22.0 (23.1) million), a decline of 4.8 percent.
  • Net profit after tax of SEK 15.6 (7.3) million.
  • Earnings per ordinary share of SEK 0.89 (0.47), before and after dilution.
  • Operating cash flow of SEK -23.4 (-8.2) million.
  • Adjustment to the new accounting standards in accordance with IFRS 15 has resulted in a reduction of sales for the quarter by SEK 7 million and in operating profit by SEK 3.7 million. Comparative figures have not been restated. 

Events in the first quarter and since the end of the quarter

  • After the end of the quarter, Balco signed an order in Stockholm with an order value of approximately SEK 100 million. Project start will take place once the customer has been granted planning permission.

Conference call
A conference call will be held today, 17 May, at 09:00 CET, at which President and CEO Kenneth Lundahl and CFO Fredrik Hall will present the report and answer questions. To participate, please call one of the following numbers:

  • SE: +46 8 566 426 63 or
  • UK: +44 203 008 98 02 
  • US: +1 855 753 22 36 

For more information, please contact: 
Kenneth Lundahl, President and CEO, +46 70-630 20 57
Fredrik Hall, CFO, +46 70-392 77 30
Cecilia Lannebo, IR Manager, + 46 72-220 82 77, cecilia.lannebo@balco.se

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