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Balco Group AB ( (SE:BALCO) ) has provided an announcement.
Balco Group AB has secured its largest order to date with a SEK 200 million agreement to supply over 2,000 balcony solutions for three cruise ships being built by the German shipyard Meyer Werft. This milestone highlights the company’s technical expertise and strengthens its position in the maritime segment, aligning with its strategy to broaden its offerings and collaborate with major European shipyards. The order reinforces Balco’s commitment to the maritime sector and signals growth opportunities within this market.
The most recent analyst rating on (SE:BALCO) stock is a Hold with a SEK16.50 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 leader in the balcony industry, specializing in innovative, patented, and energy-efficient solutions primarily for multi-dwelling buildings. Headquartered in Växjö, Sweden, and founded in 1987, the company operates in Northern Europe, employs around 550 people, and is the market leader in Scandinavia. Listed on Nasdaq Stockholm since 2017, Balco maintains full control over its value chain, from production to delivery, and reported revenues of 1,418 MSEK for 2024.
Average Trading Volume: 40,854
Technical Sentiment Signal: Sell
Current Market Cap: SEK377.6M
For detailed information about BALCO stock, go to TipRanks’ Stock Analysis page.