Balco Group AB (BALCO) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to today's webcast where Balco Group will present its financial results for the second quarter of twenty twenty six. Joining us today are acting group CEO Johan Dirberg and Viktor Alfvidson, CFO and head of investor relations. You are welcome to submit questions using the form located to the right of the webcast. If you have joined by phone and would like to ask a question, please press 9 to raise your hand. And when you're invited to speak, press 6 to unmute your line. With that, I will hand over to you, Johan and Victor. Please go ahead. Thank you very much. So good afternoon, everybody. Welcome to this q two report. So, yeah, I think we can step right into it, Victor. Please. First is shot snapshot of of Balco Group. I think it's interesting for everybody. You probably know this already, but 85% of our market is in The Nordics. We have about 15% of our revenue in some other European countries. The group was founded in '87 and have a couple of subsidiaries. The offering is really we're pretty complete, especially in the Nordic markets when it comes to different type of of balcony solutions, and we keep them apart in general to different renovation and a new build. The market, we are market leaders we have also, especially in The Nordics and we have a small penetration in Germany and UK where we have a challenger position. Yeah, I think we can move on from there. So order intake, we had a good order intake, it's good the business is there. We have a backlog up 18% versus Q2 last year. We have weak operating cash flow this year. We think our cash position is is pretty normalized at this point. Net sales increased by 12%, we have an improved operating profit, but it's still so low level. So, we'll talk more about that. We have initiated a project to...