Q2 2025 Balco Group AB Earnings Call Transcript
Key Points
- Balco Group AB (FRA:B9C) reported the highest historical order intake for the quarter, amounting to SEK519 million, a 37% increase from the previous year.
- The company secured a significant order worth SEK80 million from the French shipyard Chantiers de l'Atlantique, marking its first order in France and introducing doors to its Maritime segment.
- Order intake in Norway reached NOK180 million, contributing to the overall growth in the quarter.
- The Swedish balcony companies saw a 47% increase in order intake during the quarter.
- The order backlog increased by 4% to SEK1.439 billion, indicating a strong pipeline of future projects.
- Net sales decreased by 12% to SEK338 million, impacted by a 5% negative currency effect.
- Profitability was not satisfactory due to project start-up delays, affecting sales, cash flow, and earnings.
- The adjusted operating result on EBITA level dropped to SEK6 million from SEK19 million last year, with an adjusted EBITA margin of 1.9%.
- Operating cash flow was negative at minus SEK30 million, compared to plus SEK48 million last year.
- The equity to asset ratio decreased to 45% from 47% last year, and interest-bearing net debt in relation to adjusted EBITDA increased to 7.6 from 3.3 last year.
Hi, and welcome to Balco Group's second quarter report for 2025. With us to present, we have President and CEO, Camilla Ekdahl; as well as CFO, Michael Grindborn. (Operator Instructions)
And with that said, I give the word to you in the forum to your right. And with that said, I give the word to you, Camilla.
Thank you, and welcome all to our quarter two presentation. First of all, for all new listeners, a short snapshot of Balco Group. Balco Group was founded in 1987 and consists of several Balcony and Facade companies. The head office is in Växjö and the group has approximately 600 employees. Balco operates in two main segments: renovations and new build.
The core expertise is to supply glazed balconies and balcony solutions primarily on the renovation market and the tenant-owned associations.
The group has a broad offering of balcony solutions and the complementary offerings such as facade renovation, and it can also act as a turnkey supplier in renovation
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