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Balco Group AB ( (SE:BALCO) ) just unveiled an announcement.
Balco Group has appointed Jani Backlund as the new Managing Director of Riikku Rakenteet Oy, effective February 1, 2026. Jani brings over 20 years of experience, notably from Ruukki Construction, and is expected to drive profitable growth and development at Riikku Rakenteet. The company aims to strengthen its position and improve profitability, particularly in the renovation segment, which has not met expectations since the acquisition.
The most recent analyst rating on (SE:BALCO) stock is a Hold with a SEK19.00 price target. To see the full list of analyst forecasts on Balco Group AB stock, see the SE:BALCO Stock Forecast page.
More about Balco Group AB
Balco Group is a leading company in the balcony industry, specializing in innovative, patented, and energy-efficient solutions for multi-dwelling buildings. The company enhances quality of life, safety, and housing value through its tailored products and maintains control over its value chain from production to delivery. Founded in 1987 in Växjö, Balco Group is the market leader in Scandinavia and operates in several Northern European markets. It employs approximately 550 people and reported a revenue of 1,418 MSEK for 2024. Balco Group has been listed on Nasdaq Stockholm since 2017.
Average Trading Volume: 38,377
Technical Sentiment Signal: Sell
Current Market Cap: SEK387.9M
Find detailed analytics on BALCO stock on TipRanks’ Stock Analysis page.