Strong financial position, but quarter affected by Covid-19
The third quarter: July – September
The nine-month period: January – September
Events during the third quarter and after end of the quarter
- The second wave of Covid-19 with increased spread of infection in most countries and thus continued or reintroduced restrictions has strongly affected Balco’s order intake negatively in the third quarter.
- Balco evaluates various acquisition opportunities and in the light of this, the Board of Directors confirms its previous decision not to pay a dividend in 2020.
An online telephone conference will be held on 12 November 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 8 566 427 04
UK: +44 333 300 90 34
USA: +1 833 823 05 87
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 12-11-2020 07:30 CET.