2022-10-31

Strong revenue growth and cash flow at the same time as a cost-cutting program is launched

 

 

Third quarter: July – September

  • Net sales increased by 28 percent to 311 MSEK (243)
  • Order intake amounted to 265 MSEK (306)
  • Order backlog amounted to 1,461 MSEK (1,460)
  • Operating profit amounted to 16 MSEK (24)
  • Adjusted operating profit amounted to 17 MSEK (25)
  • Net profit after tax amounted to 11 MSEK (18)
  • Earnings per share amounted to 0.48 SEK (0.80)
  • Operating cash flow improved to 104 MSEK (25)

The nine-month period: January – September

  • Net sales increased by 19 percent to 950 MSEK (797)
  • Order intake amounted to 921 MSEK (1 075)
  • Operating profit amounted to 69 MSEK (80)
  • Adjusted operating profit amounted to 71 MSEK (81)
  • Net profit after tax amounted to 50 MSEK (60)
  • Earnings per share amounted to 2.39 SEK (2.76)
  • Operating cash flow improved to 122 MSEK (-30)

Events during the quarter and since the end of the quarter

On October 25, Balco acquired Söderåsens Mur och Kakel AB, with turnover in the latest financial year of 53 MSEK. The acquisition complements the group’s other facade companies geographically, as Söderåsen works mainly in southern Sweden and will strengthen the group’s offer regarding turnkey contracting and green transformation.

A cost saving program of 20 MSEK will be implemented to strengthen profitability.

Telephone conference

An online telephone conference will be held on 31 October 2022 at 14:30 CET at which acting CEO Camilla Ekdahl and CFO Michael Grindborn will present the report and answer questions. To participate, please call:

SE: +46 8 505 583 50
UK: +44 333 300 0804 UK PIN: 52441942#
USA: +1 646 722 4957

Calendar 2022/2023

Year-end report Jan-Dec 2022               6 February 2023
Interim report Jan-Mar 2023                 24 April 2023
Annual General Meeting 2023               9 May 2023
Interim report Jan-Jun 2023                 14 July 2023
Interim report Jan-Sep 2023                 30 October 2023
Year-end report Jan-Dec 2023               5 February 2024
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 31-10-2022 13:00 CET.