Q3 2025 Balco Group AB Earnings Call Transcript
Key Points
- Balco Group AB (FRA:B9C) reported an 11% increase in order intake over the last two quarters combined, indicating a positive trend despite a quarterly decline.
- The company received its first orders in Germany using the RICO glazing system, expanding its market reach.
- Balco Group AB is actively pursuing projects in the Netherlands, particularly in social housing, which could lead to future growth opportunities.
- The company's lighter aluminum balconies are well-suited for the Dutch market, providing a competitive advantage over traditional concrete balconies.
- The order backlog increased by 4%, suggesting a potential for future revenue growth as these orders are fulfilled.
- Order intake for the quarter was down 22% year-on-year, reflecting a significant decline in new business.
- Net sales decreased to 277 million SEK from 331 million SEK the previous year, indicating a drop in revenue.
- The adjusted EBITDA margin fell to 1.1% from 5.0% last year, highlighting reduced profitability.
- The Danish market remains challenging, with long timelines from decision to project start affecting profitability.
- The Finnish market is recovering at a slower pace than Sweden, impacting both renovation and new construction segments.
Hello, and welcome to this presentation with the BALCO Group. With us presenting today, we have the CEO Camilleor, CEO Michael Greenborn, and an interim CFO Coin Bankson. We'll do a Q&A of the presentation, and if you're calling in and like as a question, please press 9 to raise your hand and star 6 on on yourself when you get the word. You can also type in your questions using the form to the right.
And with that said, please go ahead with your presentation.
Thank you. Welcome to the BO Group quarter 3 report presentation. And first of all, for all our new listeners, just a short snapshot about BAO Group.
Backer Group was founded in 1,987 and consists of several balcony and facade companies. The head office is Siwewe and the group has approximately 550 employees. Palco operates in two main segments, renovation and new build.
The core expertise is to supply glazed balconies and balcony solutions, primarily for the renovation market and the tenant owned
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