Balco Group AB (BALCO) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to today's presentation with Balco Group, where CEO Camille Echtold and CFO Victor Albertson will present a report for the first quarter of twenty twenty six. After the presentation, there will be a Q and A. So if you're calling in and want to ask a question, please press 9 to raise your hand and then 6 to unmute yourself when handed the word. You can also submit in questions via the form to the right. And with that said, I hand over the floor to you guys. Thank you. Welcome to our quarter one report. And first of all, for our new listeners, start with a very short snapshot of Balco Group. Balco Group consists of balcony and facade companies. The head office is in Vicry, and we have about 500 employees. We operate in two main segments, renovation and new build, and our core expertise is to supply glazed balconies and balcony solutions, primarily on the renovation market and to tenant owned associations. Balco Group is a market leader in The Nordics with the key markets being Sweden, Denmark, Norway and Finland. And we also have a strong challenger position on other European markets. So let us go over to the quarter one highlights. The order intake in the quarter was in line with the corresponding period last year and amounted to million versus SEK275 million. And here I want to point out that the order intake for Balco Group must be seen over a longer period than just a quarter, since the larger projects can affect heavily in a specific quarter when we get it in. And during the first quarter, we didn't book any big projects, but we have some up for discussions. The order backlog increased with 21 by the end of quarter one twenty twenty six versus 2025. We had a solid operating cash flow amounted to SEK32 million. The net sale decreased by 5% and her...