The fourth quarter: October - The full year: January-
December December
- Net sales amounted to 290 · Net sales amounted to
MSEK (383) 1,215 MSEK (1,334)- Order intake increased by · Order intake amounted
57 percent to 295 MSEK (188) to 977 MSEK (1,109)- Order backlog amounted to · Adjusted operating
1,074 MSEK (1,275) profit (EBITA) amounted to- Adjusted operating profit 90 MSEK (107)
(EBITA) amounted to 15 MSEK · Operating profit
(34) (EBITA) amounted to 77 MSEK- Operating profit (EBITA) (105)
amounted to 10 MSEK (34) · Operating profit (EBIT)- Operating profit (EBIT) amounted to 70 MSEK (102)
amounted to 8 MSEK (33) · Net profit after tax- Net profit after tax amounted to 47 MSEK (76)
amounted to 7 MSEK (26) · Earnings per share- Earnings per share amounted amounted to 2.12 SEK (3.48)
to 0.30 SEK (1.19) · Operating cash flow- Operating cash flow amounted to 4 MSEK (200)
amounted to 6 MSEK (78)
Events during the quarter and since the end of the quarter- January 22 Balco Group acquired the Finnish group Riikku Group with a turnover of approximately 40 MEUR. This is Balco Group's largest acquisition to date.
- The Board does not propose a dividend to the Annual General Meeting in order to finance the recently completed strategic acquisition.
" Order intake during the quarter was significantly better than the corresponding period last year. As inflation has continued to decline and long-term interest rates are beginning to fall, we see an increased interest among customers to invest. "
" Balco Group has acquired the Finnish group Riikku Group with a turnover of approximately 40 MEUR, which is the largest acquisition in Balco Group's history. "
- Camilla Ekdahl, President and CEO
Web conference
A webcast conference call will be held at 14:00 CET February 5, 2024, 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/year-end-report-2023/
To participate via teleconference and be able to ask questions, call in:
SE: +46 8 5050 0829
PIN: 826 6372 5363#
Calendar 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
Year-end report Jan-Dec 2024 February 10, 2025
This disclosure contains information that Balco Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 05-02-2024 13:00 CET.