Q2 2026 Balco Group AB Earnings Call Transcript
Key Points
- Balco Group AB (LTS:0RUW) reported a 12% increase in net sales compared to the previous year.
- The order intake was strong, amounting to SEK600 million, up from SEK519 million last year.
- The order backlog increased by 18% to SEK1.693 billion, indicating a healthy pipeline of future projects.
- The company has initiated a project to improve operating profit and focus on profitability.
- A supplementary bank agreement has been signed, providing conditions for sustainable profitable growth until the first quarter of 2028.
- Operating cash flow was negative SEK62 million, worse than the negative SEK30 million reported last year.
- The adjusted operating profit, although improved, remains at a low level.
- The equity/asset ratio decreased by 1% compared to the previous year.
- Interest-bearing net debt in relation to adjusted EBITDA increased to 6.2 times from 5.6 times last year.
- The renovation segment's adjusted EBITA margin remained broadly unchanged despite a 23% increase in order intake.
Hello, and welcome to today's webcast where Balco Group will present its financial results for the second quarter of 2026. Joining us today are acting Group CEO, Johan Dyberg; and Viktor Arvidsson, CFO and Head of Investor Relations. (Operator Instructions) With that, I will hand over to you, Johan, and Viktor. Please go ahead.
Thank you very much. So good afternoon, everybody. Welcome to this Q2 report. So yes, I think we can step right into it. Viktor, please. First, a snapshot of Balco Group. I think it's interesting for everybody. You probably know this already, about 85% of our market is in the Nordics. We have about 15% of our revenue in some other European countries. The group was founded in '87, and have a couple of subsidiaries.
The offering is really -- we're pretty complete, especially in the Nordic markets when it comes to different type of balcony solutions. And we keep them apart in general two different, renovation and new build. The market, we are market leaders especially in
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