Balco Group Ab · OMXSTO:BALCO
Balco Group Ab — Q3 2024 Earnings Presentation
11 slides from Balco Group Ab's earnings presentation, Oct 28, 2024
Slide 1: Q3 Report 2024
Q3 Report 2024 January - September 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: More than doubled order intake
Q3 2024 More than doubled order intake Order intake Order intake 285 MSEK 135 MSEK Order intake increased by 111 percent to 285 MSEK (135). Organic order intake which was 49 percent higher than previous year. Jul – Sep 2024 Jul – Sep 2023 Net sales Net sales increased by 31 percent to 331 MSEK (253)
Slide 4: Market update
Market update We are noticing an increase in activity from a low level for our balcony companies that work with renovation. 70 90 years lifetime years lifetime During the quarter, Balco AB received a major turnkey project in Borås of City balconies Glazed balconies approximately 60 MSEK which, in ad
Slide 5: Quarterly results
Quarterly results REVENUE AND ADJUSTED OPERATING PROFIT, MSEK • Net sales increased by 31 percent to 331 MSEK (253). Acquired growth was 43 383 374 percent, currency effect was -4 percent, and organic growth was -8 percent. 326 346 326 331 311 290 Net sales YTD increased by 11 percent to 1,031 MSEK
Slide 6: Renovation
Renovation REVENUE AND EBIT, MSEK • Net sales in the quarter increased by 10 percent to 247 MSEK (225), which 327 322 299 corresponds to 75 percent (89) of the total net sales. 284 242 251 247 Net sales YTD amounted to 719 MSEK (846). 225 222 10,8% • Order intake in the quarter increased by 205 perc
Slide 7: New build
New build REVENUE AND EBIT, MSEK • Net sales in the quarter increased by 198 percent to 84 MSEK (28), which corresponds to 25 percent (11) of the total net sales. 123 Net sales YTD increased by 295 percent to 312 MSEK (79). 104 84 56 • Order intake in the quarter amounted to 35 MSEK (53), which corr
Slide 8: Financial position
Financial position OPERATING CASH FLOW, MSEK 104 78 • At the end of the quarter, the Group’s equity amounted to 799 64 MSEK (758). Equity ratio at 49 % (57). 18 18 6 -11 -10 -1 • Interest-bearing net debt excluding leasing debt in relation to Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 adj
Slide 9: 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 10: Concluding remarks
Concluding remarks Summary Balco Group has a strong market Net sales in Q3 of 331 MSEK and adj. EBITA-margin 5.0 percent. position with high Order intake in Q3 285 MSEK +111 percent. quality and long durability. Outlook • Customer activity has continued to increase. • Net sales and profit will conti
Slide 11: Q&A
Q&A