Balco Group AB: More than doubled order intake in the quarter

2021-11-18 07:30:00

The third quarter: July - The nine-month period:
September January - September

  • Net sales amounted to 243 · Net sales amounted to 797
MSEK (258). MSEK (931).
  • Order intake increased 116 · Order intake increased 53
percent to 306 MSEK (142). percent to 1,075 MSEK (703).
  • Order backlog increased 13 · Operating profit amounted
percent to 1,460 MSEK (1,294). to 80 MSEK (113).
  • Operating profit amounted · Adjusted operating profit
to 24 MSEK (29). amounted to 81 MSEK (113).
  • Adjusted operating profit · Net profit after tax
amounted to 25 MSEK (29). amounted to 60 MSEK (83).
  • Net profit after tax · Earnings per share
amounted to 18 MSEK (21). amounted to 2.76 SEK (3.82).
  • Earnings per share · Operating cash flow
amounted to 0.83 SEK (0.95). amounted to -30 MSEK (125).
  • Operating cash flow
amounted to 24 MSEK (35).

Events during the third quarter and after end of the quarter
  • Extended bank agreement has been signed with Danske Bank which is valid until October 12, 2024 with an sustainability-linked RCF of 510 MSEK and an overdraft facility of 75 MSEK.
  • Balco Group has improved its ESG risk rating at Sustainalytics to 20.8 (28.6).

Telephone conference

An online telephone conference will be held on 18 November 2021 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 8 505 583 73
UK: +44 333 300 92 60
USA: +1 646 722 49 03 

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 18-11-2021 07:30 CET.

Cision