Balco Group AB (LTS:0RUW)

kr 47 0 (0%) Market Cap: 887.49 Mil Enterprise Value: 1.25 Bil PE Ratio: 72.74 PB Ratio: 1.12 GF Score: 65/100

Q1 2020 Balco Group AB Earnings Call Transcript

May 14, 2020 / 07:00AM GMT

Release Date Price: kr91.9 (+4.20%)

Transcript

Operator

(Operator Instructions) Today, I'm pleased to present CEO, Kenneth Lundahl. Please go ahead with your meeting.

Kenneth Lundahl

Balco Group AB - President & CEO

Thank you. Welcome to this Q1 reporting. It's me, Kenneth Lundahl here, CEO; and Michael Grindborn, CFO of the company.

We start with Page 2. Balco is a company helping customers which have problem with their old balconies. Our solution is to cut away the old balcony and put up a new bigger glazed balcony. Our focus is the renovation market. We have a unique selling process, helping the customer through all stages in the process, and we have a tremendous operation, production and logistics set up. And also, I think there are pretty many people sitting in a nice balcony with age over 70 years old with the sun in the face right now, and we are proud of having nice balcony solutions for these people.

Page 3. Order intake, 6% higher sales. Order backlog increased by SEK 20 million. Of course, now in corona times, we see that the big order stocked. We have an operation production

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