Balco Group AB: Stable profitability despite lower sales

The third quarter: July - The interim period:
September January- September

• Net sales amounted to 253 · Net sales amounted to

MSEK (311) 925 MSEK (950)

• Order intake amounted to · Order intake amounted

135 MSEK (265) to 682 MSEK (921)

• Order backlog amounted to · Adjusted operating

1,067 MSEK (1,461) profit (EBITA) amounted to

• Adjusted operating profit 74 MSEK (73)

(EBITA) amounted to 15 MSEK · Operating profit
(17) (EBITA) amounted to 67

• Operating profit (EBITA) MSEK (71)

amounted to 14 MSEK (16) · Operating profit

• Operating profit (EBIT) (EBIT) amounted to 62 MSEK

amounted to 12 MSEK (16) (69)

• Net profit after tax · Net profit after tax

amounted to 6 MSEK (11) amounted to 40 MSEK (50)

• Earnings per share amounted · Earnings per share

to 0.26 SEK (0.48) amounted to 1.82 SEK

• Operating cash flow (2.39)

amounted to 20 MSEK (104) · Operating cash flow
amounted to 2 MSEK (122)

Events during the quarter and since the end of the quarter

• In October, Balco has received an order of more than 70 MSEK in Northern Sweden.
• Balco has received its first order in Ireland with a value of just over 3 MEUR.
• Balco Group has joined the Science Based Targes initiative.
• Balco Group has prolonged its RCF with Danske Bank with two years and it is now valid until October 12, 2026.

" Weak order intake during the quarter but continued great interest in our products. The need to take action on your balcony does not disappear. In the long run, an untreated balcony poses a danger to both the resident and those who move around the balcony. "

" Balco is entering a new market as we have taken our first order in Ireland with a value of approx. 3 MEUR. We assess that there is great potential in this market going forward within the new build segment. "

- Camilla Ekdahl, President and CEO

Web conference

A webcast conference call will be held at 14:00 CET October 30, 2023, where CEO and President Camilla Ekdahl and CFO Michael Grindborn will present the report and answer questions.

To follow the webcast presentation and send written questions, please use this link: 

https://www.finwire.tv/webcast/balcogroup/balco-group-q3-presentation-2023/

To participate via teleconference and be able to ask questions, call in:

SE: +46 8 5050 0829

PIN: 859 7363 6769#

Calendar 2023                           

Year-end report Jan-Dec 2023                          February 5, 2024

Interim report Jan-Mar 2024                              April 29, 2024

Annual General Meeting 2024                           May 14, 2024

Interim report Jan-Jun 2024                              July 12, 2024

Interim report Jan-Sep 2024                             October 28, 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 30-10-2023 13:00 CET.