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An update from Balco Group AB ( (SE:BALCO) ) is now available.
Balco Group AB reported a challenging first quarter in 2024, with a decline in net sales and order intake, leading to a negative operating profit. The company has initiated a major structural action program to address these issues, including staff reductions and production consolidation, aiming for significant cost savings. Despite the setbacks, there is a positive trend in order intake for Swedish and Finnish balcony companies, and the company remains optimistic about future market improvements and plans to increase its presence in the renovation segment.
More about Balco Group AB
Balco Group AB operates in the construction industry, specializing in the production and installation of balconies and facades. The company focuses on renovation and new construction projects across various European markets, including Sweden, Finland, Norway, Germany, the UK, and the Netherlands.
YTD Price Performance: -24.32%
Technical Sentiment Signal: Buy
Current Market Cap: €58.98M
Find detailed analytics on BALCO stock on TipRanks’ Stock Analysis page.