Balco Group AB (BALCO) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi and welcome to Balco Group's second quarter report for 2025. With us to present we have President and CEO Camilla Ekdahl as well as CFO Mikael Grindborn. At the end of the presentation we'll have a Q&A. If you're on call and have a question press star 9 to raise your hand and then press star 6 to unmute yourself when given the word. You can also send in questions in the form to your right. And with that said, I give the word to you, Camilla. Thank you and welcome all to our quarter two presentation. First of all, for all new listeners, a short snapshot of Balko Group. Balko Group was founded in 1987 and consists of several balcony and facade companies. The head office is in Växjö and the group has approximately 600 employees. Balko operates in two main segments, renovations and new build. The core expertise is to supply glazed balconies and balcony solutions, primarily on the renovation market and to tenant-owned associations. The group has a broad offering of balcony solutions and a complementary offering such as facade renovation, and it can also act as a turnkey supplier in renovation projects. The key markets are Sweden, Denmark, Norway, and Finland. We also have a strong challenger position on other Northern European markets. So let's go over to the quarter. And I'm very glad to say that the order intake in the quarter is the highest historically order intake for Baku Group and amounted to 519 million SEK, which is an increase of 37% compared to previous year. The increase comes from mainly three areas. First of all, a restart in the maritime segment where we received an order worth about 80 million SEK to the French shipyard Chantiers de l'Atlantique. This is our first order to both this shipyard and also to France. And on this order, we will also deliver do...