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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 | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 1.41B | 1.42B | 1.21B | 1.33B | 1.12B | 1.20B | Gross Profit |
| 186.00M | 247.90M | 245.35M | 287.61M | 296.21M | 289.43M | EBIT |
| 15.50M | 34.80M | 70.40M | 102.49M | 117.99M | 115.38M | EBITDA |
| 42.20M | 89.42M | 118.41M | 145.45M | 155.75M | 152.81M | Net Income Common Stockholders |
| -28.90M | 1.10M | 45.90M | 76.15M | 90.24M | 77.64M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 96.10M | 103.10M | 2.81M | 51.87M | 117.50M | 214.13M | Total Assets |
| 1.17B | 1.63B | 1.27B | 1.30B | 1.25B | 1.22B | Total Debt |
| 267.90M | 425.80M | 244.42M | 156.70M | 214.50M | 259.35M | Net Debt |
| 171.80M | 322.70M | 241.62M | 104.83M | 97.00M | 45.22M | Total Liabilities |
| 633.40M | 831.70M | 519.25M | 565.57M | 553.58M | 624.69M | Stockholders Equity |
| 541.10M | 796.80M | 746.14M | 729.79M | 692.00M | 598.63M |
| Cash Flow | Free Cash Flow | ||||
| 14.60M | 72.20M | -39.40M | 128.88M | 45.70M | 96.93M | Operating Cash Flow |
| 26.90M | 85.30M | -26.13M | 153.02M | 62.52M | 111.74M | Investing Cash Flow |
| -30.40M | -95.70M | -52.90M | -52.59M | -102.11M | -14.27M | Financing Cash Flow |
| -24.40M | 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | kr2.54B | 21.96 | 10.59% | 3.33% | 0.66% | -5.74% | |
66 Neutral | kr2.92B | 28.88 | 4.29% | 1.45% | 0.37% | 818.34% | |
65 Neutral | kr1.35B | ― | -2.77% | ― | -2.53% | 83.08% | |
62 Neutral | $6.82B | 11.05 | 2.80% | 4.32% | 2.67% | -24.92% | |
60 Neutral | kr623.89M | 29.71 | 1.69% | ― | 0.45% | 109.30% | |
56 Neutral | kr670.43M | ― | -25.47% | ― | 13.21% | 28.88% | |
51 Neutral | kr577.84M | 216.55 | -3.72% | ― | 15.78% | -182.05% |
Balco Group AB Corporate Events
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.
Balco Group AB reported a weak first quarter of 2024, with a decline in net sales and order intake compared to the previous year, prompting a major structural action program. The company faced delays in major projects across Sweden, the UK, and Finland, impacting sales and cash flow. Structural measures, including staff reductions and production consolidation, are expected to save approximately SEK 60 million annually. Despite challenges, there is a positive trend in order intake for Swedish and Finnish balcony companies, and Balco is increasing its presence in the renovation segment to capitalize on market opportunities.
Balco Group AB reported a weak first quarter in 2024, with significant declines in net sales, order intake, and operating profit due to project delays and market uncertainties. In response, the company initiated a major structural action program, including staff reductions and production consolidation, aiming to save approximately 60 MSEK annually. Despite challenges, there are positive signals with increased order intake in Swedish and Finnish markets, and ongoing opportunities in Germany and the UK. The company remains optimistic about gradual market recovery and plans to continue investing in sales and product development.
Balco Group AB reported a weak first quarter for 2024, with a decline in net sales and order intake compared to the previous year. The company has initiated a major structural action program to address these challenges, including staff reductions and production consolidation, aiming to achieve significant cost savings. Despite the current market uncertainties and delays in major projects, Balco remains optimistic about future growth, particularly in the renovation segment and new construction projects across various European markets.
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.