Recent Insider Transactions • May 10
Key Executive recently bought kr59k worth of stock On the 5th of May, Johan Falth bought around 4k shares on-market at roughly kr14.94 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Johan has been a buyer over the last 12 months, purchasing a net total of kr74k worth in shares. Announcement • May 09
Balco Group AB Announces CEO Changes, Effective May 7, 2026 Balco 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. Announcement • May 07
Balco Group AB (publ) Announces Executive Appointments, Effective May 5, 2026 Balco 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. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 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. Board Change • Apr 10
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 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. Announcement • Mar 03
Balco Group AB Announces to Step Down of Johannes Nyberg as Board of Director Balco 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. Reported Earnings • Feb 11
Full year 2025 earnings released: kr1.56 loss per share (vs kr0.046 profit in FY 2024) Full year 2025 results: kr1.56 loss per share (down from kr0.046 profit in FY 2024). Revenue: kr1.30b (down 8.7% from FY 2024). Net loss: kr35.8m (down kr36.9m from profit in FY 2024). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Building industry in the United Kingdom. Board Change • Feb 09
Insufficient new directors No 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. Announcement • Feb 09
Balco Group AB, Annual General Meeting, May 05, 2026 Balco Group AB, Annual General Meeting, May 05, 2026. Announcement • Feb 06
Balco Group AB to Report Fiscal Year 2026 Results on Feb 08, 2027 Balco Group AB announced that they will report fiscal year 2026 results on Feb 08, 2027 Board Change • Jan 05
Insufficient new directors No 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. Board Change • Dec 03
Insufficient new directors No 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. Recent Insider Transactions • Nov 07
CEO, President CEO of Balco AB recently sold kr581k worth of stock On the 29th of October, Camilla Ekdahl sold around 30k shares on-market at roughly kr19.36 per share. This transaction amounted to 96% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Camilla has been a net seller over the last 12 months, reducing personal holdings by kr320k. Reported Earnings • Oct 28
Third quarter 2025 earnings released: kr0.23 loss per share (vs kr0.03 loss in 3Q 2024) Third quarter 2025 results: kr0.23 loss per share (further deteriorated from kr0.03 loss in 3Q 2024). Revenue: kr276.8m (down 16% from 3Q 2024). Net loss: kr5.40m (loss widened kr4.70m from 3Q 2024). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Building industry in the United Kingdom. Announcement • Oct 28
Balco Group Announces Executive Changes Balco 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. Announcement • Oct 27
Balco Group AB to Report Nine Months, 2026 Results on Oct 26, 2026 Balco Group AB announced that they will report nine months, 2026 results on Oct 26, 2026 Board Change • Oct 24
Insufficient new directors No 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. Board Change • Oct 07
Insufficient new directors No 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. Announcement • Aug 26
Balco Group Announces CFO Changes Balco 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. Board Change • Aug 15
Insufficient new directors No 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. Recent Insider Transactions • Jul 18
Insider recently bought kr52k worth of stock On the 14th of July, Jesper Magnusson bought around 2k shares on-market at roughly kr26.00 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr95k. Despite this recent purchase, insiders have collectively sold kr194k more in shares than they bought in the last 12 months. Reported Earnings • Jul 15
Second quarter 2025 earnings released: EPS: kr0.004 (vs kr0.048 in 2Q 2024) Second quarter 2025 results: EPS: kr0.004 (down from kr0.048 in 2Q 2024). Revenue: kr331.1m (down 12% from 2Q 2024). Net income: kr100.0k (down 91% from 2Q 2024). Profit margin: 0% (down from 0.3% in 2Q 2024). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Board Change • Jul 07
Insufficient new directors No 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. Recent Insider Transactions • Jun 14
Independent Chairman of the Board recently sold kr259k worth of stock On the 11th of June, Ingalill Berglund sold around 10k shares on-market at roughly kr25.87 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth kr259k. Ingalill has been a net seller over the last 12 months, reducing personal holdings by kr518k. Board Change • Jun 10
Insufficient new directors No 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. Board Change • May 16
Insufficient new directors No 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. Recent Insider Transactions • May 04
CEO, President CEO of Balco AB recently bought kr95k worth of stock On the 30th of April, Camilla Ekdahl bought around 4k shares on-market at roughly kr23.87 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Camilla has been a buyer over the last 12 months, purchasing a net total of kr186k worth in shares. Reported Earnings • Apr 30
First quarter 2025 earnings released: kr1.30 loss per share (vs kr0.10 profit in 1Q 2024) First quarter 2025 results: kr1.30 loss per share (down from kr0.10 profit in 1Q 2024). Revenue: kr315.9m (down 3.2% from 1Q 2024). Net loss: kr30.0m (down kr32.3m from profit in 1Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Board Change • Apr 24
Insufficient new directors No 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. Announcement • Apr 09
Balco 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. Board Change • Apr 08
Insufficient new directors No 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. Reported Earnings • Mar 19
Full year 2024 earnings released: EPS: kr0.046 (vs kr2.09 in FY 2023) Full year 2024 results: EPS: kr0.046 (down from kr2.09 in FY 2023). Revenue: kr1.42b (up 17% from FY 2023). Net income: kr1.06m (down 98% from FY 2023). Profit margin: 0.1% (down from 3.8% in FY 2023). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Building industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Board Change • Feb 13
Insufficient new directors No 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. Announcement • Dec 20
Balco Group Appoints Joakim Petersen-Dyggve Managing Director Riikku Oy As 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. Announcement • Oct 28
Balco Group AB to Report Nine Months, 2025 Results on Oct 27, 2025 Balco Group AB announced that they will report nine months, 2025 results on Oct 27, 2025 Announcement • Jul 15
Balco Group AB, Annual General Meeting, May 06, 2025 Balco Group AB, Annual General Meeting, May 06, 2025. Announcement • Jul 13
Balco Group AB to Report First Half, 2025 Results on Jul 14, 2025 Balco Group AB announced that they will report first half, 2025 results on Jul 14, 2025 Announcement • May 15
Balco Group AB Resolves Not Pay Any Dividend Balco 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. Announcement • Apr 11
Balco Group AB (Publ) Proposes No Dividend for the Financial Year 2023 Balco 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. Announcement • Mar 07
Balco 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 07
Full 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 the United Kingdom are expected to grow by 3.2%. 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 21% per year, which means it is performing significantly worse than earnings. Announcement • Feb 07
Balco Group AB to Report Fiscal Year 2023 Results on Apr 12, 2024 Balco Group AB announced that they will report fiscal year 2023 results at 12:00 PM, Central European Standard Time on Apr 12, 2024 Announcement • Feb 06
Balco Group AB to Report Fiscal Year 2024 Results on Feb 10, 2025 Balco Group AB announced that they will report fiscal year 2024 results on Feb 10, 2025 New Risk • Feb 01
New minor risk - Shareholder dilution The 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: Major Risk Shares are highly illiquid. 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). Announcement • Jan 23
Balco 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. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to kr48.88, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Building industry in the United Kingdom. Total loss to shareholders of 46% over the past three years. Announcement • Dec 01
Balco Group AB Announces Nomination Committee for the 2024 Annual General Meeting Balco 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. Recent Insider Transactions • Aug 25
CEO, President recently bought kr62k worth of stock On the 22nd of August, Camilla Ekdahl bought around 2k shares on-market at roughly kr41.33 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Camilla has been a buyer over the last 12 months, purchasing a net total of kr188k worth in shares. New Risk • Jul 16
New major risk - Revenue and earnings growth Earnings 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 Risks Shares are highly illiquid. 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 (kr964.0m market cap, or US$94.0m). Reported Earnings • Jul 15
Second 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). Announcement • May 10
Balco Group AB Approves Dividend into Two Payments, in May 2023 and November 2023 Balco 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 03
Upcoming dividend of kr0.75 per share at 3.2% yield Eligible 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: 3.2%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (3.8%). Recent Insider Transactions • Apr 27
Head of Human Resources recently bought kr87k worth of stock On the 24th of April, Jesper Magnusson bought around 2k shares on-market at roughly kr43.40 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth kr126k. Insiders have collectively bought kr2.2m more in shares than they have sold in the last 12 months. Reported Earnings • Apr 26
First 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. Announcement • Feb 07
Balco Group AB Proposes Dividend in Two Payments in May 2023 and November 2023 The 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. Announcement • Jul 15
Balco Group AB to Report Q1, 2023 Results on Apr 24, 2023 Balco Group AB announced that they will report Q1, 2023 results on Apr 24, 2023 Reported Earnings • Jul 15
Second 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 8.0% growth forecast for the industry in the United Kingdom. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 20% share price decline to kr70.40, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Building industry in the United Kingdom. Total loss to shareholders of 34% over the past year. Upcoming Dividend • May 18
Upcoming dividend of kr1.00 per share Eligible shareholders must have bought the stock before 25 May 2022. Payment date: 01 June 2022. Trailing yield: 2.0%. Lower than top quartile of British dividend payers (4.8%). Lower than average of industry peers (3.6%). Reported Earnings • May 08
First 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 9.4% growth forecast for the industry in the United Kingdom. Reported Earnings • Apr 12
Full 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 8.6% growth forecast for the industry in the United Kingdom. Recent Insider Transactions • Mar 01
President & CEO recently sold kr3.3m worth of stock On the 24th of February, Kenneth Lundahl sold around 28k shares on-market at roughly kr118 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 18
Full year 2021 earnings: Revenues and EPS in line with analyst expectations 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: 8.0% (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 10% growth forecast for the industry in the United Kingdom. Announcement • Feb 18
Balco Group AB to Report Fiscal Year 2022 Results on Feb 07, 2023 Balco Group AB announced that they will report fiscal year 2022 results on Feb 07, 2023 Recent Insider Transactions • Dec 03
Independent Director recently bought kr25m worth of stock On the 30th of November, Carl-Mikael Lindholm bought around 200k shares on-market at roughly kr125 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought kr27m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 20
Third 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. Reported Earnings • Aug 21
Second 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. Executive Departure • May 27
Independent Chairman Tomas Johansson has left the company On 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. Reported Earnings • May 23
First 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 and the company’s share price has also increased by 11% per year. Recent Insider Transactions • Jan 17
Head of Human Resources recently sold kr498k worth of stock On the 14th of January, Jesper Magnusson sold around 5k shares on-market at roughly kr99.50 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr2.6m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 30
Market pulls back on stock over the past week After last week's 28% share price decline to kr69.00, the stock is trading at a trailing P/E ratio of 18.3x, down from the previous P/E ratio of 25.6x. This compares to an average P/E of 30x in the Building industry in the United Kingdom. Total returns to shareholders over the past three years are 18%. 
