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Balco Group AB
(Frankfurt:BALCO)
Balco Group AB (BALCO) vs. iShares MSCI Sweden ETF (EWD)
Balco Group AB Business Overview & Revenue Model
Balco Group AB Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.42B | 1.21B | 1.33B | 1.12B | 1.20B |
| Gross Profit | 247.90M | 245.35M | 287.61M | 296.21M | 289.43M |
| EBITDA | 89.42M | 118.41M | 145.45M | 155.75M | 152.81M |
| Net Income | 1.10M | 45.90M | 76.15M | 90.24M | 77.64M |
Balance Sheet | |||||
| Total Assets | 1.63B | 1.27B | 1.30B | 1.25B | 1.22B |
| Cash, Cash Equivalents and Short-Term Investments | 103.10M | 2.81M | 51.87M | 117.50M | 214.13M |
| Total Debt | 425.80M | 244.42M | 156.70M | 214.50M | 259.35M |
| Total Liabilities | 831.70M | 519.25M | 565.57M | 553.58M | 624.69M |
| Stockholders Equity | 796.80M | 746.14M | 729.79M | 692.00M | 598.63M |
Cash Flow | |||||
| Free Cash Flow | 72.20M | -39.40M | 128.88M | 45.70M | 96.93M |
| Operating Cash Flow | 85.30M | -26.13M | 153.02M | 62.52M | 111.74M |
| Investing Cash Flow | -95.70M | -52.90M | -52.59M | -102.11M | -14.27M |
| Financing Cash Flow | 113.10M | 29.62M | -167.68M | -57.49M | -1.39M |
Balco Group AB Technical Analysis
Balco Group AB Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $16.51B | 10.46 | -8.28% | 3.32% | 1.44% | -22.58% | |
46 Neutral | kr557.12M | 216.55 | -4.20% | ― | 9.76% | -289.12% | |
| ― | €141.42M | ― | -1.65% | ― | ― | ― | |
| ― | €305.49M | 21.78 | 6.68% | 1.27% | ― | ― | |
| ― | €61.65M | 33.02 | 1.69% | ― | ― | ― | |
| ― | €213.29M | 20.35 | 10.59% | 3.93% | ― | ― | |
| ― | €61.82M | ― | -25.47% | ― | ― | ― |
Balco Group AB Corporate Events
Balco Group AB reported a record high order intake in the second quarter of 2025, driven by increased activity in the Swedish and Norwegian markets and a significant order from the French shipyard Chantiers de l’Atlantique. Despite the high order intake, the company’s profitability was impacted by project start-up delays and structural adjustments, leading to a cautious outlook for the remainder of the year. The company is optimistic about continued growth in renovation projects but anticipates a slower recovery in the new build segment.
Balco Group AB has announced that its interim report for the second quarter of 2025 will be released on July 14, 2025, followed by a webcast conference call featuring CEO Camilla Ekdahl and CFO Michael Grindborn. The event will provide stakeholders with insights into the company’s performance and allow for interactive participation through questions. This announcement underscores Balco Group’s commitment to transparency and stakeholder engagement, potentially impacting its market positioning and investor relations.
Balco AS has secured a significant project in Drammen, valued at approximately NOK 40 million, for a housing cooperative. This project includes the installation of new glazed balconies and integrated air source heat pumps, enhancing living comfort and energy efficiency. The project is set to commence in autumn 2025, with the balconies being manufactured at Balco’s Växjö factory. This development underscores Balco’s strong market position and commitment to delivering comprehensive solutions that improve residential living standards.
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.
Balco Group has entered a strategic partnership with Altan.dk, a prominent Danish supplier of balcony solutions, to take over a significant portion of Altan.dk’s steel balcony production at its Polish factory. This collaboration aims to strengthen Balco’s presence in Denmark and create synergies by combining production capacity with Altan.dk’s local market position, benefiting both parties through shared experience, market knowledge, and technical expertise.
Balco AS, a subsidiary of Balco Group, achieved a record-breaking order intake of NOK 140 million in May, marking one of its strongest quarters. This milestone underscores Balco’s leading position in Norway, where there is a growing demand for energy-efficient and sustainable balcony solutions. The company’s comprehensive offerings, including glazed balcony systems with integrated heat pumps and solar panels, align with the market’s shift towards energy savings and long-term investments, further solidifying its industry standing.
Balco Group has appointed Jesper Magnusson as the new Head of Communications, who will also continue in his role as HR Director. This strategic move aims to enhance the company’s internal and external communication, reinforcing Balco’s position as both an employer and a market player. The change is expected to streamline dialogue and strengthen messaging, although it does not impact Investor Relations, which remains under the CFO’s purview.
Balco Group announced that its CFO, Michael Grindborn, will leave the company by mid-November 2025 to pursue new challenges. The company has initiated the recruitment process for a successor, highlighting a significant leadership transition that could impact its strategic operations and market positioning.
At its 2025 Annual General Meeting, Balco Group AB resolved to carry forward funds without paying a dividend and re-elected its Board members and auditor. The company introduced a new incentive program for senior executives, involving the issuance of up to 230,000 warrants, potentially increasing the share capital by SEK 1,380,054.17. The meeting also authorized the Board to issue new shares and manage the acquisition and transfer of own shares until the next meeting. These decisions are aimed at strengthening Balco’s financial flexibility and aligning management incentives with shareholder interests.