Balco Group Ab · OMXSTO:BALCO
Balco Group Ab — Q2 2024 Earnings Presentation
12 slides from Balco Group Ab's earnings presentation, Jul 12, 2024
Slide 1: Q2 Report 2024
Q2 Report 2024 January - June CAMILLA EKDAHL, CEO MICHAEL GRINDBORN, CFO BALCO / RIIKKU / BALCO ALTANER / RK TEKNIK / TBO-HAGLINDS / STORA FASAD / SÖDERÅSEN / SUOMEN OHUTLEVYASENNUS
Slide 2: Snapshot of Balco Group
REVENUE PER MARKET (2023) Snapshot of Balco Group 13% The Group • Balco Group was founded in 1987 and consists of the companies Balco, Riikku, RK Teknik, TBO-Haglinds, Balco 25% Altaner, Stora Fasad, Söderåsens Mur & Kakel and Suomen ohutlevyasennus. 62% • The head office is in Växjö, and the group
Slide 3: Increased order intake from our acquisitions Q2 2024
Increased order intake from our acquisitions Q2 2024 Order intake increased Order intake Order intake increased by 26 percent to 380 MSEK (301). 380 MSEK 301 MSEK The increase comes from the acquisitions we made previous quarter. The organic order intake was 11 percent lower than previous year. Apr
Slide 4: Market update
Market update • The market situation for our largest market, Sweden, has clearly improved with the interest policy rate cut in May. Customer activity has increased and interest in our products is high. Customers want to evaluate more options and opportunities before decisions are made, which 70 90 m
Slide 5: Quarterly results
Quarterly results REVENUE AND ADJUSTED OPERATING PROFIT, MSEK • Net sales increased by 8 percent to 374 MSEK (346). Acquired growth was 30 383 374 percent, currency effect was 0,4 percent and organic growth was -23 percent. 351 346 311 326 326 290 Net sales YTD increased by 4 percent to 700 MSEK (67
Slide 6: Renovation
Renovation REVENUE AND EBIT, MSEK • Net sales in the quarter amounted to 251 MSEK (322), which corresponds to 67 327 322 306 299 percent (93) of the total net sales. 284 242 251 Net sales YTD amounted to 473 MSEK (621). 225 222 10,8% • Order intake in the quarter amounted to 254 MSEK (288), which co
Slide 7: New build
New build REVENUE AND EBIT, MSEK • Net sales in the quarter increased to 123 MSEK (24), which corresponds to 33 percent (7) of the total net sales. 123 Net sales YTD increased to 228 MSEK (51). 104 56 48 • Order intake in the quarter increased to 126 MSEK (13), which corresponds to 45 7,5% 27 26 24
Slide 8: Financial position
Financial Increased debt after the OPERATING CASH FLOW, MSEK position two large Finnish acquisitions 104 78 64 32 18 18 6 -11 -10 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 • At the end of the quarter, the Group’s equity amounted to 798 MSEK (757). Operating cashflow Operating cash conver
Slide 9: Financial targets
Financial targets BALCO GROUP R12 Q2 2024 REVENUE GROWTH Growth “Balco shall achieve growth of 10% per year during a business cycle” -9% EPS GROWTH Profitability “Earnings per share shall grow by 20% per year during a business cycle” -75% “Interest-bearing net debt shall not exceed 2.5 times adjuste
Slide 10: Acquisition strategy
Acquisition strategy Long experience in acquisitions • Acquisitions are an important part of Balco Group's growth strategy. Our experience from previous acquisitions has given us a clear and structured process for the successful integration and development of the acquired companies. What are we look
Slide 11: Concluding remarks
Concluding remarks Summary Balco Group has a strong market • Net sales in Q2 of 374 MSEK and adj. EBITA-margin 5.0 percent. position with high • Order intake 380 MSEK. quality and long • Operating cash flow 64 MSEK. durability. Outlook • There is a clear increase in activity in the market, but the p
Slide 12: Q&A
Q&A