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An announcement from Balco Group AB ( (SE:BALCO) ) is now available.
Balco Group has secured its first order in the French maritime industry, marking a significant return to this sector with a project valued at approximately SEK 80 million for Chantiers de l’Atlantique. This move broadens Balco’s product offering and strengthens its position in the maritime segment, as the cruise industry recovers post-COVID-19. The company aims to supply balcony systems to 2-3 cruise ships annually, highlighting its capacity to handle large, complex projects beyond the residential sector.
More about Balco Group AB
Balco Group is a leading player in the balcony industry, providing innovative, patented, and energy-efficient solutions for multi-dwelling buildings. Founded in 1987 in Växjö, the company is a market leader in Scandinavia and operates in several Northern European markets. Balco Group employs approximately 550 people and is listed on the Nasdaq Stockholm.
Average Trading Volume: 32,090
Current Market Cap: SEK577.8M
For a thorough assessment of BALCO stock, go to TipRanks’ Stock Analysis page.