Balco Group（B9C）株式概要バルコ・グループABは、オーナー組合、個人家主、市営住宅、建築家、建設業者、運送会社向けにバルコニー・システムの開発、製造、販売、設置を行っている。 詳細B9C ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長3/6過去の実績0/6財務の健全性3/6配当金0/6報酬当社が推定した公正価値より59.7%で取引されている 収益は年間85.8%増加すると予測されています リスク分析負債は営業キャッシュフローで十分にカバーされていない 意味のある時価総額がありません ( €31M )すべてのリスクチェックを見るB9C Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€1.3077.9% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-29m2b2016201920222025202620282031Revenue SEK 1.6bEarnings SEK 133.4mAdvancedSet Fair ValueView all narrativesBalco Group AB 競合他社InnoTec TSSSymbol: DB:TSSMarket cap: €72.3mWestagSymbol: HMSE:WUGMarket cap: €137.8mSTEICOSymbol: XTRA:ST5Market cap: €292.9mPilkington DeutschlandSymbol: HMSE:FDDMarket cap: €655.9m価格と性能株価の高値、安値、推移の概要Balco Group過去の株価現在の株価SEK 1.3052週高値SEK 2.4652週安値SEK 1.26ベータ0.401ヶ月の変化1.97%3ヶ月変化-11.30%1年変化-37.14%3年間の変化-68.02%5年間の変化-87.33%IPOからの変化-80.37%最新ニュースBoard Change • May 21High number of new directorsChairman of the Board Anders Davidsson was the last director to join the board, commencing their role in 2026.お知らせ • May 10Balco Group AB Announces CEO Changes, Effective May 7, 2026Balco Group AB announces that the Board of Directors has decided to initiate the recruitment of a new Group CEO to lead the Group's continued improvement and development efforts. Camilla Ekdahl, who has served as Group CEO since 2022, is leaving her position, effective May 7, 2026 but will remain within the business for a short transition period to ensure an orderly handover. The recruitment process for a new Group CEO will begin immediately. During the recruitment process, the Board has appointed Johan Dyberg as Acting Group CEO, effective May 7, 2026. Johan Dyberg, who was recently elected to Balco Group's Board of Directors, has extensive experience from senior positions within industrial companies, including Electrolux and Addtech.お知らせ • May 07Balco Group AB (publ) Announces Executive Appointments, Effective May 5, 2026Balco Group AB (publ) at its Annual General Meeting held on May 5, 2026, resolved to elect Anders Davidsson, Johan Dyberg and Michael Wickell as new Board members. Election of Anders Davidsson as new Chairman of the Board.お知らせ • Mar 03Balco Group AB Announces to Step Down of Johannes Nyberg as Board of DirectorBalco Group AB announced that Johannes Nyberg has informed Balco Group that he will step down from his position as a member of the Board of Directors. Johannes has served as a Board member since the company's IPO in 2017 and has, during these years, contributed valuable expertise to the company's development. He has also been a member of the Audit Committee, where he has played an important role in overseeing the company's financial reporting and internal control processes. The decision is prompted by his role as CEO of Skandrenting, combined with his other commitments, which are extensive and time-consuming.お知らせ • Feb 09Balco Group AB, Annual General Meeting, May 05, 2026Balco Group AB, Annual General Meeting, May 05, 2026.お知らせ • Feb 06Balco Group AB to Report Fiscal Year 2026 Results on Feb 08, 2027Balco Group AB announced that they will report fiscal year 2026 results on Feb 08, 2027最新情報をもっと見るRecent updatesBoard Change • May 21High number of new directorsChairman of the Board Anders Davidsson was the last director to join the board, commencing their role in 2026.お知らせ • May 10Balco Group AB Announces CEO Changes, Effective May 7, 2026Balco Group AB announces that the Board of Directors has decided to initiate the recruitment of a new Group CEO to lead the Group's continued improvement and development efforts. Camilla Ekdahl, who has served as Group CEO since 2022, is leaving her position, effective May 7, 2026 but will remain within the business for a short transition period to ensure an orderly handover. The recruitment process for a new Group CEO will begin immediately. During the recruitment process, the Board has appointed Johan Dyberg as Acting Group CEO, effective May 7, 2026. Johan Dyberg, who was recently elected to Balco Group's Board of Directors, has extensive experience from senior positions within industrial companies, including Electrolux and Addtech.お知らせ • May 07Balco Group AB (publ) Announces Executive Appointments, Effective May 5, 2026Balco Group AB (publ) at its Annual General Meeting held on May 5, 2026, resolved to elect Anders Davidsson, Johan Dyberg and Michael Wickell as new Board members. Election of Anders Davidsson as new Chairman of the Board.お知らせ • Mar 03Balco Group AB Announces to Step Down of Johannes Nyberg as Board of DirectorBalco Group AB announced that Johannes Nyberg has informed Balco Group that he will step down from his position as a member of the Board of Directors. Johannes has served as a Board member since the company's IPO in 2017 and has, during these years, contributed valuable expertise to the company's development. He has also been a member of the Audit Committee, where he has played an important role in overseeing the company's financial reporting and internal control processes. The decision is prompted by his role as CEO of Skandrenting, combined with his other commitments, which are extensive and time-consuming.お知らせ • Feb 09Balco Group AB, Annual General Meeting, May 05, 2026Balco Group AB, Annual General Meeting, May 05, 2026.お知らせ • Feb 06Balco Group AB to Report Fiscal Year 2026 Results on Feb 08, 2027Balco Group AB announced that they will report fiscal year 2026 results on Feb 08, 2027お知らせ • Oct 28Balco Group Announces Executive ChangesBalco Group announced that Joakim Petersen-Dyggve, CEO of Riikku Rakenteet Oy, leaves his employment on 30 November. Joakim has been a member of Group Management. A successor has been recruited, but will not initially be part of the Group Management. Michael Grindborn Head of Investor Relations leaves his employment with the company in connection with the Third Quarter report. Andreas Lindberg is employed in the newly established position of Director of Business Development & Head of IT Balco Group, starts November 1, 2025. Viktor Arvidsson has been hired as the new CFO and Head of Investor Relations, starts first quarter 2026.お知らせ • Oct 27Balco Group AB to Report Nine Months, 2026 Results on Oct 26, 2026Balco Group AB announced that they will report nine months, 2026 results on Oct 26, 2026お知らせ • Sep 24+ 1 more updateBalco Group Appoints Viktor Arvidsson as Head of Investor Relations, Effective No Later Than First Quarter 2026Balco Group has appointed Viktor Arvidsson as Head of Investor Relations. He will assume his position no later than First Quarter 2026 and will also join the Group Management Team. Viktor has a solid background in finance and leadership. He most recently served as Finance Director at Elitfönster, part of the Inwido Group. Prior to that, he had a long career at Swedish Match, where he held various senior management positions in finance at both company and divisional level.お知らせ • Aug 26Balco Group Announces CFO ChangesBalco Group has appointed Carin Bengtsson as interim CFO, effective 8 September 2025. Carin Bengtsson brings extensive experience from CFO and management roles and most recently served as CFO of the Volito Group. The current CFO, Michael Grindborn, will reduce his operational involvement in connection with this transition but will remain with the company during a handover period to ensure continuity and a structured transition. The recruitment process for a permanent CFO is progressing according to plan.お知らせ • Jul 14+ 1 more updateBalco Group AB to Report Fiscal Year 2025 Results on Mar 27, 2026Balco Group AB announced that they will report fiscal year 2025 results on Mar 27, 2026お知らせ • Apr 09Balco Group AB (OM:BALCO) acquired an additional 20% stake in Suomen Ohutlevyasennus Oy.Balco Group AB (OM:BALCO) acquired an additional 20% stake in Suomen Ohutlevyasennus Oy on April 8, 2025. The purchase price will be paid in cash from its own funds. Balco Group has an option to purchase the remaining 20% of the shares. Balco Group AB (OM:BALCO) completed the acquisition of an additional 20% stake in Suomen Ohutlevyasennus Oy on April 8, 2025.お知らせ • Dec 20Balco Group Appoints Joakim Petersen-Dyggve Managing Director Riikku OyAs Finland has become a significant market for Balco Group through the acquisitions of Riikku Group Oy and Suomen ohutlevyasennus Oy during the year, and Riikku's products have great potential in several markets, Balco Group will strengthen the Group Management Team with Riikku's Managing Director Joakim Petersen-Dyggve from January 1, 2025. Joakim Petersen-Dyggve has extensive experience from leading positions in national and international project operations, as well as production and personnel management. Balco Group's Group Management from January 1, 2025:Camilla Ekdahl President and CEO; Michael Grindborn CFO, Head of IR, IT, M&A and Sustainability; Jesper Magnusson HR Director; Johan Fälth COO & Sales and Marketing Director Balco AB; Joakim Petersen-Dyggve Managing Director Riikku Oy.お知らせ • Nov 13+ 1 more updateBalco Group AB to Report Fiscal Year 2025 Results on Feb 02, 2026Balco Group AB announced that they will report fiscal year 2025 results on Feb 02, 2026Reported Earnings • Oct 29Third quarter 2024 earnings released: kr0.03 loss per share (vs kr0.26 profit in 3Q 2023)Third quarter 2024 results: kr0.03 loss per share (down from kr0.26 profit in 3Q 2023). Revenue: kr331.0m (up 31% from 3Q 2023). Net loss: kr700.0k (down 113% from profit in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 37% per year whereas the company’s share price has fallen by 32% per year.お知らせ • Oct 28Balco Group AB to Report Nine Months, 2025 Results on Oct 27, 2025Balco Group AB announced that they will report nine months, 2025 results on Oct 27, 2025お知らせ • Jul 15Balco Group AB, Annual General Meeting, May 06, 2025Balco Group AB, Annual General Meeting, May 06, 2025.Reported Earnings • Jul 14Second quarter 2024 earnings released: EPS: kr0.15 (vs kr0.94 in 2Q 2023)Second quarter 2024 results: EPS: kr0.15 (down from kr0.94 in 2Q 2023). Revenue: kr374.0m (up 8.0% from 2Q 2023). Net income: kr3.50m (down 83% from 2Q 2023). Profit margin: 0.9% (down from 5.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.お知らせ • Jul 13Balco Group AB to Report First Half, 2025 Results on Jul 14, 2025Balco Group AB announced that they will report first half, 2025 results on Jul 14, 2025Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director Thomas Widstrand was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 15Balco Group AB Resolves Not Pay Any DividendBalco Group AB announced that at its AGM held on May 14, 2024, the annual general meeting resolved to not pay any dividend and that funds at the disposal of the Annual General Meeting are carried forward.お知らせ • May 01+ 1 more updateBalco Group AB to Report Q1, 2025 Results on Apr 28, 2025Balco Group AB announced that they will report Q1, 2025 results on Apr 28, 2025Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: kr0.10 (vs kr0.63 in 1Q 2023)First quarter 2024 results: EPS: kr0.10 (down from kr0.63 in 1Q 2023). Revenue: kr326.4m (flat on 1Q 2023). Net income: kr2.30m (down 83% from 1Q 2023). Profit margin: 0.7% (down from 4.2% in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.Reported Earnings • Apr 17Full year 2023 earnings released: EPS: kr2.12 (vs kr3.48 in FY 2022)Full year 2023 results: EPS: kr2.12 (down from kr3.48 in FY 2022). Revenue: kr1.21b (down 8.9% from FY 2022). Net income: kr46.5m (down 39% from FY 2022). Profit margin: 3.8% (down from 5.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.お知らせ • Apr 11Balco Group AB (Publ) Proposes No Dividend for the Financial Year 2023Balco Group AB (Publ) at its AGM to be held on May 14, 2024, proposed that no dividend shall be paid for the financial year 2023, and that amounts available for the Annual General Meeting be transferred to a new account.お知らせ • Mar 07Balco Group AB (OM:BALCO) acquired 60% stake in Suomen Ohutlevyasennus Oy.Balco Group AB (OM:BALCO) acquired 60% stake in Suomen Ohutlevyasennus Oy on March 6, 2024. Suomen ohutlevyasennus had a turnover of just over €11 million in 2023. The agreed purchase price is financed partly with own cash and partly with newly issued shares to Suomen ohutlevyasennus’ former owner. Balco Group has an option to buy the remaining 40% of the shares. Balco Group has decided on a directed new issue of a total of 383,480 shares in the company to the sellers of Suomen ohutlevyasennus Oy with payment by offsetting the reverse issued by Balco Group to the sellers. Suomen ohutlevyasennus will continue to be run by co-owners Jukka Stam and Mikko Jokinen. Balco Group AB (OM:BALCO) completed the acquisition of 60% stake in Suomen Ohutlevyasennus Oy on March 6, 2024.Reported Earnings • Feb 07Full year 2023 earnings released: EPS: kr2.12 (vs kr3.48 in FY 2022)Full year 2023 results: EPS: kr2.12 (down from kr3.48 in FY 2022). Revenue: kr1.21b (down 8.9% from FY 2022). Net income: kr46.5m (down 39% from FY 2022). Profit margin: 3.8% (down from 5.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 6.0% p.a. on average during the next 2 years, while revenues in the Building industry in Europe are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.お知らせ • Feb 07Balco Group AB to Report Fiscal Year 2023 Results on Apr 12, 2024Balco Group AB announced that they will report fiscal year 2023 results at 12:00 PM, Central European Standard Time on Apr 12, 2024New Risk • Feb 07New major risk - Revenue and earnings growthEarnings have declined by 6.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.0% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Market cap is less than US$100m (€90.3m market cap, or US$97.2m).お知らせ • Feb 06Balco Group AB to Report Fiscal Year 2024 Results on Feb 10, 2025Balco Group AB announced that they will report fiscal year 2024 results on Feb 10, 2025New Risk • Feb 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Shareholders have been diluted in the past year (3.3% increase in shares outstanding).お知らせ • Jan 23Balco Group AB (OM:BALCO) acquired Riikku Group Oy for €15 million.Balco Group AB (OM:BALCO) acquired Riikku Group Oy for €15million on January 22, 2024.The agreed purchase price amounts €15 million on a cash and debt-free basis. €3 million will be paid with newly issued shares to Riikku's former owners. The remaining €12 million is financed with own cash and was paid half upon entry and half over the next four years with a quarter per year. the annual general meeting on May 9, 2023, directed new issue of a total of 0.7 million shares in the company to the sellers of Riikku Group Oy with payment by offsetting the reverse issued by Balco Group to the sellers The acquisition, which is the largest Balco Group has completed to date, will be consolidated from 1 January 2024 and is expected to contribute positively to earnings per share during the full year 2024. Riikku and its subsidiaries will continue to be run by the current management with Joakim Petersen-Dyggve as Managing Director. The Riikku Group had a turnover of approximately €40 million in 2023. Jan Johanson from Krogerus Attorneys Ltd. act as legal advisor for Balco Group AB. Balco Group AB (OM:BALCO) completed the acquisition of Riikku Group Oy on January 22, 2024.お知らせ • Dec 01Balco Group AB Announces Nomination Committee for the 2024 Annual General MeetingBalco Group AB announced that the Nomination Committee has now been appointed and comprises the following members: Carl-Mikael Lindholm, appointed by Family Hamrin (Chairman of the Nomination Committee), Lennart Francke, appointed by Swedbank Robur Fonder, Lennart Björkman, appointed by Skandrenting AB, Claes Murander, appointed by Lannebo Fonder, Ingalill Berglund, Balco's Chairman of the Board. The Nomination Committee shall prepare proposals for the 2024 Annual General Meeting regarding the Chairman of the Meeting, number of Board members, fees to be paid to the Chairman of the Board and Board members, election of Board members and Board Chairman, remuneration to the auditor and election of auditor and, if necessary, proposal for changes in the instruction to the Nomination Committee.Upcoming Dividend • Nov 01Upcoming dividend of kr0.75 per share at 4.1% yieldEligible shareholders must have bought the stock before 08 November 2023. Payment date: 14 November 2023. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.8%).Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: kr0.26 (vs kr0.49 in 3Q 2022)Third quarter 2023 results: EPS: kr0.26 (down from kr0.49 in 3Q 2022). Revenue: kr253.3m (down 19% from 3Q 2022). Net income: kr5.60m (down 48% from 3Q 2022). Profit margin: 2.2% (down from 3.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.お知らせ • Oct 31+ 3 more updatesBalco Group AB to Report Q3, 2024 Results on Oct 28, 2024Balco Group AB announced that they will report Q3, 2024 results on Oct 28, 2024New Risk • Jul 16New major risk - Revenue and earnings growthEarnings have declined by 1.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€83.8m market cap, or US$94.0m).Reported Earnings • Jul 14Second quarter 2023 earnings released: EPS: kr0.94 (vs kr0.93 in 2Q 2022)Second quarter 2023 results: EPS: kr0.94 (up from kr0.93 in 2Q 2022). Revenue: kr346.4m (down 1.4% from 2Q 2022). Net income: kr20.6m (up 1.5% from 2Q 2022). Profit margin: 5.9% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings.お知らせ • May 10Balco Group AB Approves Dividend into Two Payments, in May 2023 and November 2023Balco Group AB approved dividend of SEK 1.50 per share, corresponding to a total of SEK 32,864,022, dividend into two payments, SEK 0.75 per share in May 2023 and SEK 0.75 per share in November 2023 at its annual general meeting held on May 9, 2023.Upcoming Dividend • May 03Upcoming dividend of kr0.75 per share at 3.3% yieldEligible shareholders must have bought the stock before 10 May 2023. Payment date: 16 May 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.1%).Reported Earnings • Apr 25First quarter 2023 earnings released: EPS: kr0.63 (vs kr0.88 in 1Q 2022)First quarter 2023 results: EPS: kr0.63 (down from kr0.88 in 1Q 2022). Revenue: kr325.7m (up 13% from 1Q 2022). Net income: kr13.7m (down 29% from 1Q 2022). Profit margin: 4.2% (down from 6.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.Reported Earnings • Feb 08Full year 2022 earnings released: EPS: kr3.48 (vs kr4.12 in FY 2021)Full year 2022 results: EPS: kr3.48 (down from kr4.12 in FY 2021). Revenue: kr1.33b (up 19% from FY 2021). Net income: kr76.2m (down 16% from FY 2021). Profit margin: 5.7% (down from 8.1% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.お知らせ • Feb 07Balco Group AB Proposes Dividend in Two Payments in May 2023 and November 2023The Board of Directors of Balco Group AB proposed a dividend of 1.50 SEK per share (2.00) divided into two payments, 0.75 SEK per share in May 2023 and 0.75 SEK per share in November 2023.Buying Opportunity • Jan 26Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be €4.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 2.4% in a year. Earnings is forecast to decline by 4.0% in the next year.Buying Opportunity • Jan 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be €4.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 2.4% in a year. Earnings is forecast to decline by 4.0% in the next year.お知らせ • Dec 09Balco Group AB Appoints Camilla Ekdahl as CEOBalco Group AB announced that the board has appointed Camilla Ekdahl as CEO of Balco Group AB. For just over three years, Camilla has been COO in the group and Managing Director of the largest company within the group, Balco AB. Since September 1, 2022, she has been acting CEO.Upcoming Dividend • Nov 16Upcoming dividend of kr1.00 per shareEligible shareholders must have bought the stock before 23 November 2022. Payment date: 29 November 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.2%).Reported Earnings • Nov 01Third quarter 2022 earnings released: EPS: kr0.49 (vs kr0.83 in 3Q 2021)Third quarter 2022 results: EPS: kr0.49 (down from kr0.83 in 3Q 2021). Revenue: kr310.8m (up 28% from 3Q 2021). Net income: kr10.7m (down 42% from 3Q 2021). Profit margin: 3.4% (down from 7.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.6% p.a. on average during the next 2 years, while revenues in the Building industry in Europe are expected to grow by 5.8%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.お知らせ • Nov 01+ 3 more updatesBalco Group AB, Annual General Meeting, May 09, 2023Balco Group AB, Annual General Meeting, May 09, 2023.お知らせ • Jul 15Balco Group AB to Report Q1, 2023 Results on Apr 24, 2023Balco Group AB announced that they will report Q1, 2023 results on Apr 24, 2023Reported Earnings • Jul 15Second quarter 2022 earnings released: EPS: kr0.93 (vs kr1.18 in 2Q 2021)Second quarter 2022 results: EPS: kr0.93 (down from kr1.18 in 2Q 2021). Revenue: kr351.2m (up 16% from 2Q 2021). Net income: kr20.3m (down 22% from 2Q 2021). Profit margin: 5.8% (down from 8.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 20%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Jul 13+ 1 more updateBalco Group AB Appoints Camilla Ekdahl as CEO, from 1 September 2022The board of directors of Balco Group AB (publ) has decided to appoint Camilla Ekdahl, currently COO and Managing Director of Balco AB, as CEO of Balco Group from 1 September 2022 until the recruitment process is completed. As previously communicated, Kenneth Lundahl has decided to leave his role as President and CEO. He will remain in service until September 1 and will then be available to the company during his notice period until mid-December.お知らせ • Jun 16+ 1 more updateBalco Group AB Announces Resignation of Kenneth Lundahl as CEOBalco Group AB announced after 9 years as CEO, Kenneth Lundahl has decided to leave the company to focus on his own operations. Lundahl took on the role of CEO of the company in 2013. The recruitment process will start immediately. Lundahl will leave his role no later than mid-December 2022.Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to €6.55, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Building industry in Europe. Total returns to shareholders of 8.2% over the past three years.お知らせ • May 26Balco Group AB Approves Dividend, Payable on May 2022 and November 2022Balco Group AB announced that at its AGM held on May 24, 2022, the annual general meeting resolved on a dividend of SEK 2.00 per share, corresponding to a total of SEK 43,818,696, divided into two payments, SEK 1.00 per share in May 2022 and SEK 1.00 per share in November 2022.Upcoming Dividend • May 18Upcoming dividend of kr1.00 per shareEligible shareholders must have bought the stock before 25 May 2022. Payment date: 01 June 2022. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (3.0%).Reported Earnings • May 08First quarter 2022 earnings released: EPS: kr0.88 (vs kr0.74 in 1Q 2021)First quarter 2022 results: EPS: kr0.88 (up from kr0.74 in 1Q 2021). Revenue: kr288.4m (up 15% from 1Q 2021). Net income: kr19.2m (up 18% from 1Q 2021). Profit margin: 6.7% (up from 6.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 22%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.Reported Earnings • Apr 12Full year 2021 earnings released: EPS: kr4.12 (vs kr3.58 in FY 2020)Full year 2021 results: EPS: kr4.12 (up from kr3.58 in FY 2020). Revenue: kr1.12b (down 6.6% from FY 2020). Net income: kr90.2m (up 16% from FY 2020). Profit margin: 8.1% (up from 6.5% in FY 2020). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 36%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.Recent Insider Transactions • Mar 01President & CEO recently sold €309k worth of stockOn the 24th of February, Kenneth Lundahl sold around 28k shares on-market at roughly €11.08 per share. This was the largest sale by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months.Reported Earnings • Feb 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: kr4.12 (up from kr3.58 in FY 2020). Revenue: kr1.12b (down 6.6% from FY 2020). Net income: kr90.2m (up 16% from FY 2020). Profit margin: 8.0% (up from 6.5% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 35%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings.お知らせ • Feb 18+ 1 more updateBalco Group AB Proposes Dividend into Two PaymentsThe Board of Directors of Balco Group AB proposes a dividend of 2.00 SEK per share (0) divided into two payments, 1.00 SEK per share in May 2022 and 1.00 SEK per share in November 2022.お知らせ • Feb 09Balco Group AB Solves Overcrowding with Groundbreaking ProductBalco Group has developed a new product that solves overcrowding in apartment buildings. The product goes by the name Balco® Living and is primarily developed for the renovation segment - a market where Balco sees great potential. Balco Living means that an insulated and openable glazing system is added to the outside of the property together with concrete slabs from Balco. After completion of construction, each apartment in the property has been given a heated, integrated new living space of approximately 20 square meters. An extra room is created, with the goal that the total energy consumption can be kept unchanged at up to 20% increase in living space. The solution, which is both cost-effective and aesthetically pleasing, is primarily aimed at tenant-owner associations, publicly owned companies, private landlords and contractors who convert office properties into homes. The low price per square meter of SEK 25,000 in combination with Balco's advantageous financing solution makes Balco Living a very interesting alternative to a conventional extension. The product is not only a response to overcrowding but also generates an increase in the value of the property /home and gives vulnerable residential areas an opportunity for upgrading and status increase.お知らせ • Jan 12Balco Group AB Provides Financial TargetBalco Group AB provided financial target. The company announces its financial target for operating margin (EBIT) is replaced by earnings per share growing by 20% per year.Recent Insider Transactions • Dec 03Independent Director recently bought €2.4m worth of stockOn the 30th of November, Carl-Mikael Lindholm bought around 200k shares on-market at roughly €12.22 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.6m more in shares than they have sold in the last 12 months.Reported Earnings • Nov 20Third quarter 2021 earnings released: EPS kr0.83 (vs kr0.95 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr242.9m (down 6.0% from 3Q 2020). Net income: kr18.3m (down 11% from 3Q 2020). Profit margin: 7.5% (down from 7.9% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improved over the past weekAfter last week's 15% share price gain to €12.88, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 21x in the Building industry in Europe. Total returns to shareholders of 118% over the past three years.Reported Earnings • Aug 21Second quarter 2021 earnings released: EPS kr1.18 (vs kr1.71 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr303.5m (down 14% from 2Q 2020). Net income: kr25.9m (down 30% from 2Q 2020). Profit margin: 8.5% (down from 11% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.Executive Departure • May 27Independent Chairman Tomas Johansson has left the companyOn the 25th of May, Tomas Johansson's tenure in the role of Independent Chairman ended. We don't have any record of a personal shareholding under Tomas' name. A total of 2 executives have left over the last 12 months.お知らせ • May 26Balco Group AB Approves to Omit DividendBalco Group AB at its AGM held on May 25, 2021 resolved, in accordance with the proposal made by the Board of Directors, to not pay any dividends and noted the Board of Directors' ambition to, when the consequences of the Covid-19 pandemic becomes more clear and the market conditions are more stable, convene an Extraordinary General Meeting during the fall 2021 at which the shareholders will be able to decide on dividend.Reported Earnings • May 23First quarter 2021 earnings released: EPS kr0.74 (vs kr1.17 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr250.4m (down 22% from 1Q 2020). Net income: kr16.3m (down 35% from 1Q 2020). Profit margin: 6.5% (down from 7.8% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year.Reported Earnings • Apr 18Full year 2020 earnings released: EPS kr3.58 (vs kr4.79 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr1.20b (down 1.7% from FY 2019). Net income: kr77.6m (down 25% from FY 2019). Profit margin: 6.5% (down from 8.4% in FY 2019). Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 19% per year.Recent Insider Transactions • Apr 11Independent Director recently bought €88k worth of stockOn the 8th of April, Carl-Mikael Lindholm bought around 10k shares on-market at roughly €8.81 per share. In the last 3 months, there was an even bigger purchase from another insider worth €450k. Insiders have collectively bought €155k more in shares than they have sold in the last 12 months.Recent Insider Transactions • Feb 23Head of Business Development recently sold €150k worth of stockOn the 18th of February, Fredrik Hall sold around 18k shares on-market at roughly €8.17 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €38k more than they sold in the last 12 months.Reported Earnings • Feb 20Full year 2020 earnings released: EPS kr3.58 (vs kr4.79 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr1.20b (down 1.7% from FY 2019). Net income: kr77.6m (down 25% from FY 2019). Profit margin: 6.5% (down from 8.4% in FY 2019). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Feb 20Revenue beats expectationsRevenue exceeded analyst estimates by 2.1%. Over the next year, revenue is expected to shrink by 4.1% compared to a 3.7% growth forecast for the Building industry in Germany.お知らせ • Feb 18+ 1 more updateBalco Group AB Not to Proposes Dividend to the Annual General MeetingBalco Group AB announced that Board does not propose a dividend to the Annual General Meeting as the company has reduced occupancy during the first half of the year and laid off staff starting in January.Is New 90 Day High Low • Feb 11New 90-day low: €8.43The company is down 1.0% from its price of €8.49 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 14% over the same period.お知らせ • Feb 04Balco Group AB Announces Executive ChangesThe Nomination Committee of Balco Group AB proposed to the Annual General Meeting the election of Ingalill Berglund as Chairman of the Board after Tomas Johansson who has declined re-election and election of Thomas Widstrand as a new member of Balco's Board of Directors. The Nomination Committee of Balco Group AB hereby announces that they propose to the Annual General Meeting 2021 election of Ingalill Berglund as Chairman of the Board after Tomas Johansson, as previously communicated, has declined re-election and that Thomas Widstrand is elected as a new Board member.お知らせ • Nov 14+ 2 more updatesBalco Group AB to Report Q2, 2021 Results on Aug 18, 2021Balco Group AB announced that they will report Q2, 2021 results on Aug 18, 2021Analyst Estimate Surprise Post Earnings • Nov 13Revenue misses expectationsRevenue missed analyst estimates by 22%. Over the next year, revenue is expected to shrink by 7.8% compared to a 2.6% growth forecast for the Building industry in Germany.Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS kr0.95The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: kr258.5m (down 12% from 3Q 2019). Net income: kr20.5m (down 12% from 3Q 2019). Profit margin: 7.9% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Nov 12New 90-day low: €8.86The company is down 3.0% from its price of €9.16 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 9.0% over the same period.お知らせ • Nov 12Balco Group AB to Report Q3, 2021 Results on Nov 18, 2021Balco Group AB announced that they will report Q3, 2021 results on Nov 18, 2021株主還元B9CDE BuildingDE 市場7D-0.4%0.09%0.7%1Y-37.1%-4.5%2.0%株主還元を見る業界別リターン: B9C過去 1 年間で-4.5 % の収益を上げたGerman Building業界を下回りました。リターン対市場: B9Cは、過去 1 年間で2 % のリターンを上げたGerman市場を下回りました。価格変動Is B9C's price volatile compared to industry and market?B9C volatilityB9C Average Weekly Movement6.3%Building Industry Average Movement3.7%Market Average Movement6.1%10% most volatile stocks in DE Market13.2%10% least volatile stocks in DE Market2.7%安定した株価: B9C 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: B9Cの 週次ボラティリティ ( 6% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1987526Johan Dybergwww.balcogroup.seバルコ・グループABは、バルコニー・システムの開発、製造、販売、施工を行い、オーナー組合、個人家主、市営住宅、建築家、建設業者、運送会社向けに販売している。リノベーション事業と新築事業を行っている。ガラス張りのバルコニー、オープンバルコニー、シティバルコニー、海上バルコニー、プレハブバルコニー、ファサード・ソリューションのほか、プライバシースクリーン、サイドスクリーン、中間スクリーン、ガラスコーナー、バルコニードア、日よけ、ローラーブラインド、フラワーボックス、フラッグホルダー、太陽電池、ロックなどのアクセサリーやその他の製品を提供している。スウェーデン、ノルウェー、デンマーク、フィンランド、英国、ドイツ、オランダで事業を展開している。同社は1987年に設立され、スウェーデンのヴェクショーに本社を置いている。もっと見るBalco Group AB 基礎のまとめBalco Group の収益と売上を時価総額と比較するとどうか。B9C 基礎統計学時価総額€31.21m収益（TTM）-€601.73k売上高(TTM)€118.65m0.3xP/Sレシオ-51.9xPER（株価収益率B9C は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計B9C 損益計算書（TTM）収益SEK 1.28b売上原価SEK 1.05b売上総利益SEK 225.52mその他の費用SEK 232.00m収益-SEK 6.48m直近の収益報告Mar 31, 2026次回決算日Jul 14, 2026一株当たり利益（EPS）-0.28グロス・マージン17.65%純利益率-0.51%有利子負債／自己資本比率64.4%B9C の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/31 08:42終値2026/05/29 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Balco Group AB 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。4 アナリスト機関Kenneth Toll JohanssonCarnegie Investment Bank ABHenrik DahlgrenDanske BankJohan WettergrenDNB Carnegie1 その他のアナリストを表示
Board Change • May 21High number of new directorsChairman of the Board Anders Davidsson was the last director to join the board, commencing their role in 2026.
お知らせ • May 10Balco Group AB Announces CEO Changes, Effective May 7, 2026Balco Group AB announces that the Board of Directors has decided to initiate the recruitment of a new Group CEO to lead the Group's continued improvement and development efforts. Camilla Ekdahl, who has served as Group CEO since 2022, is leaving her position, effective May 7, 2026 but will remain within the business for a short transition period to ensure an orderly handover. The recruitment process for a new Group CEO will begin immediately. During the recruitment process, the Board has appointed Johan Dyberg as Acting Group CEO, effective May 7, 2026. Johan Dyberg, who was recently elected to Balco Group's Board of Directors, has extensive experience from senior positions within industrial companies, including Electrolux and Addtech.
お知らせ • May 07Balco Group AB (publ) Announces Executive Appointments, Effective May 5, 2026Balco Group AB (publ) at its Annual General Meeting held on May 5, 2026, resolved to elect Anders Davidsson, Johan Dyberg and Michael Wickell as new Board members. Election of Anders Davidsson as new Chairman of the Board.
お知らせ • Mar 03Balco Group AB Announces to Step Down of Johannes Nyberg as Board of DirectorBalco Group AB announced that Johannes Nyberg has informed Balco Group that he will step down from his position as a member of the Board of Directors. Johannes has served as a Board member since the company's IPO in 2017 and has, during these years, contributed valuable expertise to the company's development. He has also been a member of the Audit Committee, where he has played an important role in overseeing the company's financial reporting and internal control processes. The decision is prompted by his role as CEO of Skandrenting, combined with his other commitments, which are extensive and time-consuming.
お知らせ • Feb 09Balco Group AB, Annual General Meeting, May 05, 2026Balco Group AB, Annual General Meeting, May 05, 2026.
お知らせ • Feb 06Balco Group AB to Report Fiscal Year 2026 Results on Feb 08, 2027Balco Group AB announced that they will report fiscal year 2026 results on Feb 08, 2027
Board Change • May 21High number of new directorsChairman of the Board Anders Davidsson was the last director to join the board, commencing their role in 2026.
お知らせ • May 10Balco Group AB Announces CEO Changes, Effective May 7, 2026Balco Group AB announces that the Board of Directors has decided to initiate the recruitment of a new Group CEO to lead the Group's continued improvement and development efforts. Camilla Ekdahl, who has served as Group CEO since 2022, is leaving her position, effective May 7, 2026 but will remain within the business for a short transition period to ensure an orderly handover. The recruitment process for a new Group CEO will begin immediately. During the recruitment process, the Board has appointed Johan Dyberg as Acting Group CEO, effective May 7, 2026. Johan Dyberg, who was recently elected to Balco Group's Board of Directors, has extensive experience from senior positions within industrial companies, including Electrolux and Addtech.
お知らせ • May 07Balco Group AB (publ) Announces Executive Appointments, Effective May 5, 2026Balco Group AB (publ) at its Annual General Meeting held on May 5, 2026, resolved to elect Anders Davidsson, Johan Dyberg and Michael Wickell as new Board members. Election of Anders Davidsson as new Chairman of the Board.
お知らせ • Mar 03Balco Group AB Announces to Step Down of Johannes Nyberg as Board of DirectorBalco Group AB announced that Johannes Nyberg has informed Balco Group that he will step down from his position as a member of the Board of Directors. Johannes has served as a Board member since the company's IPO in 2017 and has, during these years, contributed valuable expertise to the company's development. He has also been a member of the Audit Committee, where he has played an important role in overseeing the company's financial reporting and internal control processes. The decision is prompted by his role as CEO of Skandrenting, combined with his other commitments, which are extensive and time-consuming.
お知らせ • Feb 09Balco Group AB, Annual General Meeting, May 05, 2026Balco Group AB, Annual General Meeting, May 05, 2026.
お知らせ • Feb 06Balco Group AB to Report Fiscal Year 2026 Results on Feb 08, 2027Balco Group AB announced that they will report fiscal year 2026 results on Feb 08, 2027
お知らせ • Oct 28Balco Group Announces Executive ChangesBalco Group announced that Joakim Petersen-Dyggve, CEO of Riikku Rakenteet Oy, leaves his employment on 30 November. Joakim has been a member of Group Management. A successor has been recruited, but will not initially be part of the Group Management. Michael Grindborn Head of Investor Relations leaves his employment with the company in connection with the Third Quarter report. Andreas Lindberg is employed in the newly established position of Director of Business Development & Head of IT Balco Group, starts November 1, 2025. Viktor Arvidsson has been hired as the new CFO and Head of Investor Relations, starts first quarter 2026.
お知らせ • Oct 27Balco Group AB to Report Nine Months, 2026 Results on Oct 26, 2026Balco Group AB announced that they will report nine months, 2026 results on Oct 26, 2026
お知らせ • Sep 24+ 1 more updateBalco Group Appoints Viktor Arvidsson as Head of Investor Relations, Effective No Later Than First Quarter 2026Balco Group has appointed Viktor Arvidsson as Head of Investor Relations. He will assume his position no later than First Quarter 2026 and will also join the Group Management Team. Viktor has a solid background in finance and leadership. He most recently served as Finance Director at Elitfönster, part of the Inwido Group. Prior to that, he had a long career at Swedish Match, where he held various senior management positions in finance at both company and divisional level.
お知らせ • Aug 26Balco Group Announces CFO ChangesBalco Group has appointed Carin Bengtsson as interim CFO, effective 8 September 2025. Carin Bengtsson brings extensive experience from CFO and management roles and most recently served as CFO of the Volito Group. The current CFO, Michael Grindborn, will reduce his operational involvement in connection with this transition but will remain with the company during a handover period to ensure continuity and a structured transition. The recruitment process for a permanent CFO is progressing according to plan.
お知らせ • Jul 14+ 1 more updateBalco Group AB to Report Fiscal Year 2025 Results on Mar 27, 2026Balco Group AB announced that they will report fiscal year 2025 results on Mar 27, 2026
お知らせ • Apr 09Balco Group AB (OM:BALCO) acquired an additional 20% stake in Suomen Ohutlevyasennus Oy.Balco Group AB (OM:BALCO) acquired an additional 20% stake in Suomen Ohutlevyasennus Oy on April 8, 2025. The purchase price will be paid in cash from its own funds. Balco Group has an option to purchase the remaining 20% of the shares. Balco Group AB (OM:BALCO) completed the acquisition of an additional 20% stake in Suomen Ohutlevyasennus Oy on April 8, 2025.
お知らせ • Dec 20Balco Group Appoints Joakim Petersen-Dyggve Managing Director Riikku OyAs Finland has become a significant market for Balco Group through the acquisitions of Riikku Group Oy and Suomen ohutlevyasennus Oy during the year, and Riikku's products have great potential in several markets, Balco Group will strengthen the Group Management Team with Riikku's Managing Director Joakim Petersen-Dyggve from January 1, 2025. Joakim Petersen-Dyggve has extensive experience from leading positions in national and international project operations, as well as production and personnel management. Balco Group's Group Management from January 1, 2025:Camilla Ekdahl President and CEO; Michael Grindborn CFO, Head of IR, IT, M&A and Sustainability; Jesper Magnusson HR Director; Johan Fälth COO & Sales and Marketing Director Balco AB; Joakim Petersen-Dyggve Managing Director Riikku Oy.
お知らせ • Nov 13+ 1 more updateBalco Group AB to Report Fiscal Year 2025 Results on Feb 02, 2026Balco Group AB announced that they will report fiscal year 2025 results on Feb 02, 2026
Reported Earnings • Oct 29Third quarter 2024 earnings released: kr0.03 loss per share (vs kr0.26 profit in 3Q 2023)Third quarter 2024 results: kr0.03 loss per share (down from kr0.26 profit in 3Q 2023). Revenue: kr331.0m (up 31% from 3Q 2023). Net loss: kr700.0k (down 113% from profit in 3Q 2023). Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 37% per year whereas the company’s share price has fallen by 32% per year.
お知らせ • Oct 28Balco Group AB to Report Nine Months, 2025 Results on Oct 27, 2025Balco Group AB announced that they will report nine months, 2025 results on Oct 27, 2025
お知らせ • Jul 15Balco Group AB, Annual General Meeting, May 06, 2025Balco Group AB, Annual General Meeting, May 06, 2025.
Reported Earnings • Jul 14Second quarter 2024 earnings released: EPS: kr0.15 (vs kr0.94 in 2Q 2023)Second quarter 2024 results: EPS: kr0.15 (down from kr0.94 in 2Q 2023). Revenue: kr374.0m (up 8.0% from 2Q 2023). Net income: kr3.50m (down 83% from 2Q 2023). Profit margin: 0.9% (down from 5.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.
お知らせ • Jul 13Balco Group AB to Report First Half, 2025 Results on Jul 14, 2025Balco Group AB announced that they will report first half, 2025 results on Jul 14, 2025
Board Change • Jun 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director Thomas Widstrand was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 15Balco Group AB Resolves Not Pay Any DividendBalco Group AB announced that at its AGM held on May 14, 2024, the annual general meeting resolved to not pay any dividend and that funds at the disposal of the Annual General Meeting are carried forward.
お知らせ • May 01+ 1 more updateBalco Group AB to Report Q1, 2025 Results on Apr 28, 2025Balco Group AB announced that they will report Q1, 2025 results on Apr 28, 2025
Reported Earnings • Apr 30First quarter 2024 earnings released: EPS: kr0.10 (vs kr0.63 in 1Q 2023)First quarter 2024 results: EPS: kr0.10 (down from kr0.63 in 1Q 2023). Revenue: kr326.4m (flat on 1Q 2023). Net income: kr2.30m (down 83% from 1Q 2023). Profit margin: 0.7% (down from 4.2% in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Apr 17Full year 2023 earnings released: EPS: kr2.12 (vs kr3.48 in FY 2022)Full year 2023 results: EPS: kr2.12 (down from kr3.48 in FY 2022). Revenue: kr1.21b (down 8.9% from FY 2022). Net income: kr46.5m (down 39% from FY 2022). Profit margin: 3.8% (down from 5.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.
お知らせ • Apr 11Balco Group AB (Publ) Proposes No Dividend for the Financial Year 2023Balco Group AB (Publ) at its AGM to be held on May 14, 2024, proposed that no dividend shall be paid for the financial year 2023, and that amounts available for the Annual General Meeting be transferred to a new account.
お知らせ • Mar 07Balco Group AB (OM:BALCO) acquired 60% stake in Suomen Ohutlevyasennus Oy.Balco Group AB (OM:BALCO) acquired 60% stake in Suomen Ohutlevyasennus Oy on March 6, 2024. Suomen ohutlevyasennus had a turnover of just over €11 million in 2023. The agreed purchase price is financed partly with own cash and partly with newly issued shares to Suomen ohutlevyasennus’ former owner. Balco Group has an option to buy the remaining 40% of the shares. Balco Group has decided on a directed new issue of a total of 383,480 shares in the company to the sellers of Suomen ohutlevyasennus Oy with payment by offsetting the reverse issued by Balco Group to the sellers. Suomen ohutlevyasennus will continue to be run by co-owners Jukka Stam and Mikko Jokinen. Balco Group AB (OM:BALCO) completed the acquisition of 60% stake in Suomen Ohutlevyasennus Oy on March 6, 2024.
Reported Earnings • Feb 07Full year 2023 earnings released: EPS: kr2.12 (vs kr3.48 in FY 2022)Full year 2023 results: EPS: kr2.12 (down from kr3.48 in FY 2022). Revenue: kr1.21b (down 8.9% from FY 2022). Net income: kr46.5m (down 39% from FY 2022). Profit margin: 3.8% (down from 5.7% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 6.0% p.a. on average during the next 2 years, while revenues in the Building industry in Europe are expected to grow by 3.6%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.
お知らせ • Feb 07Balco Group AB to Report Fiscal Year 2023 Results on Apr 12, 2024Balco Group AB announced that they will report fiscal year 2023 results at 12:00 PM, Central European Standard Time on Apr 12, 2024
New Risk • Feb 07New major risk - Revenue and earnings growthEarnings have declined by 6.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.0% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Market cap is less than US$100m (€90.3m market cap, or US$97.2m).
お知らせ • Feb 06Balco Group AB to Report Fiscal Year 2024 Results on Feb 10, 2025Balco Group AB announced that they will report fiscal year 2024 results on Feb 10, 2025
New Risk • Feb 01New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Shareholders have been diluted in the past year (3.3% increase in shares outstanding).
お知らせ • Jan 23Balco Group AB (OM:BALCO) acquired Riikku Group Oy for €15 million.Balco Group AB (OM:BALCO) acquired Riikku Group Oy for €15million on January 22, 2024.The agreed purchase price amounts €15 million on a cash and debt-free basis. €3 million will be paid with newly issued shares to Riikku's former owners. The remaining €12 million is financed with own cash and was paid half upon entry and half over the next four years with a quarter per year. the annual general meeting on May 9, 2023, directed new issue of a total of 0.7 million shares in the company to the sellers of Riikku Group Oy with payment by offsetting the reverse issued by Balco Group to the sellers The acquisition, which is the largest Balco Group has completed to date, will be consolidated from 1 January 2024 and is expected to contribute positively to earnings per share during the full year 2024. Riikku and its subsidiaries will continue to be run by the current management with Joakim Petersen-Dyggve as Managing Director. The Riikku Group had a turnover of approximately €40 million in 2023. Jan Johanson from Krogerus Attorneys Ltd. act as legal advisor for Balco Group AB. Balco Group AB (OM:BALCO) completed the acquisition of Riikku Group Oy on January 22, 2024.
お知らせ • Dec 01Balco Group AB Announces Nomination Committee for the 2024 Annual General MeetingBalco Group AB announced that the Nomination Committee has now been appointed and comprises the following members: Carl-Mikael Lindholm, appointed by Family Hamrin (Chairman of the Nomination Committee), Lennart Francke, appointed by Swedbank Robur Fonder, Lennart Björkman, appointed by Skandrenting AB, Claes Murander, appointed by Lannebo Fonder, Ingalill Berglund, Balco's Chairman of the Board. The Nomination Committee shall prepare proposals for the 2024 Annual General Meeting regarding the Chairman of the Meeting, number of Board members, fees to be paid to the Chairman of the Board and Board members, election of Board members and Board Chairman, remuneration to the auditor and election of auditor and, if necessary, proposal for changes in the instruction to the Nomination Committee.
Upcoming Dividend • Nov 01Upcoming dividend of kr0.75 per share at 4.1% yieldEligible shareholders must have bought the stock before 08 November 2023. Payment date: 14 November 2023. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (4.8%).
Reported Earnings • Oct 31Third quarter 2023 earnings released: EPS: kr0.26 (vs kr0.49 in 3Q 2022)Third quarter 2023 results: EPS: kr0.26 (down from kr0.49 in 3Q 2022). Revenue: kr253.3m (down 19% from 3Q 2022). Net income: kr5.60m (down 48% from 3Q 2022). Profit margin: 2.2% (down from 3.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.
お知らせ • Oct 31+ 3 more updatesBalco Group AB to Report Q3, 2024 Results on Oct 28, 2024Balco Group AB announced that they will report Q3, 2024 results on Oct 28, 2024
New Risk • Jul 16New major risk - Revenue and earnings growthEarnings have declined by 1.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€83.8m market cap, or US$94.0m).
Reported Earnings • Jul 14Second quarter 2023 earnings released: EPS: kr0.94 (vs kr0.93 in 2Q 2022)Second quarter 2023 results: EPS: kr0.94 (up from kr0.93 in 2Q 2022). Revenue: kr346.4m (down 1.4% from 2Q 2022). Net income: kr20.6m (up 1.5% from 2Q 2022). Profit margin: 5.9% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings.
お知らせ • May 10Balco Group AB Approves Dividend into Two Payments, in May 2023 and November 2023Balco Group AB approved dividend of SEK 1.50 per share, corresponding to a total of SEK 32,864,022, dividend into two payments, SEK 0.75 per share in May 2023 and SEK 0.75 per share in November 2023 at its annual general meeting held on May 9, 2023.
Upcoming Dividend • May 03Upcoming dividend of kr0.75 per share at 3.3% yieldEligible shareholders must have bought the stock before 10 May 2023. Payment date: 16 May 2023. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (4.1%).
Reported Earnings • Apr 25First quarter 2023 earnings released: EPS: kr0.63 (vs kr0.88 in 1Q 2022)First quarter 2023 results: EPS: kr0.63 (down from kr0.88 in 1Q 2022). Revenue: kr325.7m (up 13% from 1Q 2022). Net income: kr13.7m (down 29% from 1Q 2022). Profit margin: 4.2% (down from 6.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Feb 08Full year 2022 earnings released: EPS: kr3.48 (vs kr4.12 in FY 2021)Full year 2022 results: EPS: kr3.48 (down from kr4.12 in FY 2021). Revenue: kr1.33b (up 19% from FY 2021). Net income: kr76.2m (down 16% from FY 2021). Profit margin: 5.7% (down from 8.1% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings.
お知らせ • Feb 07Balco Group AB Proposes Dividend in Two Payments in May 2023 and November 2023The Board of Directors of Balco Group AB proposed a dividend of 1.50 SEK per share (2.00) divided into two payments, 0.75 SEK per share in May 2023 and 0.75 SEK per share in November 2023.
Buying Opportunity • Jan 26Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be €4.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 2.4% in a year. Earnings is forecast to decline by 4.0% in the next year.
Buying Opportunity • Jan 06Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be €4.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 2.4% in a year. Earnings is forecast to decline by 4.0% in the next year.
お知らせ • Dec 09Balco Group AB Appoints Camilla Ekdahl as CEOBalco Group AB announced that the board has appointed Camilla Ekdahl as CEO of Balco Group AB. For just over three years, Camilla has been COO in the group and Managing Director of the largest company within the group, Balco AB. Since September 1, 2022, she has been acting CEO.
Upcoming Dividend • Nov 16Upcoming dividend of kr1.00 per shareEligible shareholders must have bought the stock before 23 November 2022. Payment date: 29 November 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.2%).
Reported Earnings • Nov 01Third quarter 2022 earnings released: EPS: kr0.49 (vs kr0.83 in 3Q 2021)Third quarter 2022 results: EPS: kr0.49 (down from kr0.83 in 3Q 2021). Revenue: kr310.8m (up 28% from 3Q 2021). Net income: kr10.7m (down 42% from 3Q 2021). Profit margin: 3.4% (down from 7.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 2.6% p.a. on average during the next 2 years, while revenues in the Building industry in Europe are expected to grow by 5.8%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.
お知らせ • Nov 01+ 3 more updatesBalco Group AB, Annual General Meeting, May 09, 2023Balco Group AB, Annual General Meeting, May 09, 2023.
お知らせ • Jul 15Balco Group AB to Report Q1, 2023 Results on Apr 24, 2023Balco Group AB announced that they will report Q1, 2023 results on Apr 24, 2023
Reported Earnings • Jul 15Second quarter 2022 earnings released: EPS: kr0.93 (vs kr1.18 in 2Q 2021)Second quarter 2022 results: EPS: kr0.93 (down from kr1.18 in 2Q 2021). Revenue: kr351.2m (up 16% from 2Q 2021). Net income: kr20.3m (down 22% from 2Q 2021). Profit margin: 5.8% (down from 8.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 20%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 13+ 1 more updateBalco Group AB Appoints Camilla Ekdahl as CEO, from 1 September 2022The board of directors of Balco Group AB (publ) has decided to appoint Camilla Ekdahl, currently COO and Managing Director of Balco AB, as CEO of Balco Group from 1 September 2022 until the recruitment process is completed. As previously communicated, Kenneth Lundahl has decided to leave his role as President and CEO. He will remain in service until September 1 and will then be available to the company during his notice period until mid-December.
お知らせ • Jun 16+ 1 more updateBalco Group AB Announces Resignation of Kenneth Lundahl as CEOBalco Group AB announced after 9 years as CEO, Kenneth Lundahl has decided to leave the company to focus on his own operations. Lundahl took on the role of CEO of the company in 2013. The recruitment process will start immediately. Lundahl will leave his role no later than mid-December 2022.
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorated over the past weekAfter last week's 20% share price decline to €6.55, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Building industry in Europe. Total returns to shareholders of 8.2% over the past three years.
お知らせ • May 26Balco Group AB Approves Dividend, Payable on May 2022 and November 2022Balco Group AB announced that at its AGM held on May 24, 2022, the annual general meeting resolved on a dividend of SEK 2.00 per share, corresponding to a total of SEK 43,818,696, divided into two payments, SEK 1.00 per share in May 2022 and SEK 1.00 per share in November 2022.
Upcoming Dividend • May 18Upcoming dividend of kr1.00 per shareEligible shareholders must have bought the stock before 25 May 2022. Payment date: 01 June 2022. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (3.0%).
Reported Earnings • May 08First quarter 2022 earnings released: EPS: kr0.88 (vs kr0.74 in 1Q 2021)First quarter 2022 results: EPS: kr0.88 (up from kr0.74 in 1Q 2021). Revenue: kr288.4m (up 15% from 1Q 2021). Net income: kr19.2m (up 18% from 1Q 2021). Profit margin: 6.7% (up from 6.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 22%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
Reported Earnings • Apr 12Full year 2021 earnings released: EPS: kr4.12 (vs kr3.58 in FY 2020)Full year 2021 results: EPS: kr4.12 (up from kr3.58 in FY 2020). Revenue: kr1.12b (down 6.6% from FY 2020). Net income: kr90.2m (up 16% from FY 2020). Profit margin: 8.1% (up from 6.5% in FY 2020). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 36%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
Recent Insider Transactions • Mar 01President & CEO recently sold €309k worth of stockOn the 24th of February, Kenneth Lundahl sold around 28k shares on-market at roughly €11.08 per share. This was the largest sale by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months.
Reported Earnings • Feb 18Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: kr4.12 (up from kr3.58 in FY 2020). Revenue: kr1.12b (down 6.6% from FY 2020). Net income: kr90.2m (up 16% from FY 2020). Profit margin: 8.0% (up from 6.5% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 35%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings.
お知らせ • Feb 18+ 1 more updateBalco Group AB Proposes Dividend into Two PaymentsThe Board of Directors of Balco Group AB proposes a dividend of 2.00 SEK per share (0) divided into two payments, 1.00 SEK per share in May 2022 and 1.00 SEK per share in November 2022.
お知らせ • Feb 09Balco Group AB Solves Overcrowding with Groundbreaking ProductBalco Group has developed a new product that solves overcrowding in apartment buildings. The product goes by the name Balco® Living and is primarily developed for the renovation segment - a market where Balco sees great potential. Balco Living means that an insulated and openable glazing system is added to the outside of the property together with concrete slabs from Balco. After completion of construction, each apartment in the property has been given a heated, integrated new living space of approximately 20 square meters. An extra room is created, with the goal that the total energy consumption can be kept unchanged at up to 20% increase in living space. The solution, which is both cost-effective and aesthetically pleasing, is primarily aimed at tenant-owner associations, publicly owned companies, private landlords and contractors who convert office properties into homes. The low price per square meter of SEK 25,000 in combination with Balco's advantageous financing solution makes Balco Living a very interesting alternative to a conventional extension. The product is not only a response to overcrowding but also generates an increase in the value of the property /home and gives vulnerable residential areas an opportunity for upgrading and status increase.
お知らせ • Jan 12Balco Group AB Provides Financial TargetBalco Group AB provided financial target. The company announces its financial target for operating margin (EBIT) is replaced by earnings per share growing by 20% per year.
Recent Insider Transactions • Dec 03Independent Director recently bought €2.4m worth of stockOn the 30th of November, Carl-Mikael Lindholm bought around 200k shares on-market at roughly €12.22 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.6m more in shares than they have sold in the last 12 months.
Reported Earnings • Nov 20Third quarter 2021 earnings released: EPS kr0.83 (vs kr0.95 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr242.9m (down 6.0% from 3Q 2020). Net income: kr18.3m (down 11% from 3Q 2020). Profit margin: 7.5% (down from 7.9% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Sep 01Investor sentiment improved over the past weekAfter last week's 15% share price gain to €12.88, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 21x in the Building industry in Europe. Total returns to shareholders of 118% over the past three years.
Reported Earnings • Aug 21Second quarter 2021 earnings released: EPS kr1.18 (vs kr1.71 in 2Q 2020)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr303.5m (down 14% from 2Q 2020). Net income: kr25.9m (down 30% from 2Q 2020). Profit margin: 8.5% (down from 11% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
Executive Departure • May 27Independent Chairman Tomas Johansson has left the companyOn the 25th of May, Tomas Johansson's tenure in the role of Independent Chairman ended. We don't have any record of a personal shareholding under Tomas' name. A total of 2 executives have left over the last 12 months.
お知らせ • May 26Balco Group AB Approves to Omit DividendBalco Group AB at its AGM held on May 25, 2021 resolved, in accordance with the proposal made by the Board of Directors, to not pay any dividends and noted the Board of Directors' ambition to, when the consequences of the Covid-19 pandemic becomes more clear and the market conditions are more stable, convene an Extraordinary General Meeting during the fall 2021 at which the shareholders will be able to decide on dividend.
Reported Earnings • May 23First quarter 2021 earnings released: EPS kr0.74 (vs kr1.17 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: kr250.4m (down 22% from 1Q 2020). Net income: kr16.3m (down 35% from 1Q 2020). Profit margin: 6.5% (down from 7.8% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year.
Reported Earnings • Apr 18Full year 2020 earnings released: EPS kr3.58 (vs kr4.79 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr1.20b (down 1.7% from FY 2019). Net income: kr77.6m (down 25% from FY 2019). Profit margin: 6.5% (down from 8.4% in FY 2019). Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 19% per year.
Recent Insider Transactions • Apr 11Independent Director recently bought €88k worth of stockOn the 8th of April, Carl-Mikael Lindholm bought around 10k shares on-market at roughly €8.81 per share. In the last 3 months, there was an even bigger purchase from another insider worth €450k. Insiders have collectively bought €155k more in shares than they have sold in the last 12 months.
Recent Insider Transactions • Feb 23Head of Business Development recently sold €150k worth of stockOn the 18th of February, Fredrik Hall sold around 18k shares on-market at roughly €8.17 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €38k more than they sold in the last 12 months.
Reported Earnings • Feb 20Full year 2020 earnings released: EPS kr3.58 (vs kr4.79 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: kr1.20b (down 1.7% from FY 2019). Net income: kr77.6m (down 25% from FY 2019). Profit margin: 6.5% (down from 8.4% in FY 2019). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 20Revenue beats expectationsRevenue exceeded analyst estimates by 2.1%. Over the next year, revenue is expected to shrink by 4.1% compared to a 3.7% growth forecast for the Building industry in Germany.
お知らせ • Feb 18+ 1 more updateBalco Group AB Not to Proposes Dividend to the Annual General MeetingBalco Group AB announced that Board does not propose a dividend to the Annual General Meeting as the company has reduced occupancy during the first half of the year and laid off staff starting in January.
Is New 90 Day High Low • Feb 11New 90-day low: €8.43The company is down 1.0% from its price of €8.49 on 13 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 14% over the same period.
お知らせ • Feb 04Balco Group AB Announces Executive ChangesThe Nomination Committee of Balco Group AB proposed to the Annual General Meeting the election of Ingalill Berglund as Chairman of the Board after Tomas Johansson who has declined re-election and election of Thomas Widstrand as a new member of Balco's Board of Directors. The Nomination Committee of Balco Group AB hereby announces that they propose to the Annual General Meeting 2021 election of Ingalill Berglund as Chairman of the Board after Tomas Johansson, as previously communicated, has declined re-election and that Thomas Widstrand is elected as a new Board member.
お知らせ • Nov 14+ 2 more updatesBalco Group AB to Report Q2, 2021 Results on Aug 18, 2021Balco Group AB announced that they will report Q2, 2021 results on Aug 18, 2021
Analyst Estimate Surprise Post Earnings • Nov 13Revenue misses expectationsRevenue missed analyst estimates by 22%. Over the next year, revenue is expected to shrink by 7.8% compared to a 2.6% growth forecast for the Building industry in Germany.
Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS kr0.95The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: kr258.5m (down 12% from 3Q 2019). Net income: kr20.5m (down 12% from 3Q 2019). Profit margin: 7.9% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Nov 12New 90-day low: €8.86The company is down 3.0% from its price of €9.16 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Building industry, which is up 9.0% over the same period.
お知らせ • Nov 12Balco Group AB to Report Q3, 2021 Results on Nov 18, 2021Balco Group AB announced that they will report Q3, 2021 results on Nov 18, 2021
