Brief: Balco Group Q1 Operating Profit Up At SEK 34 Mln

Balco AB

14/05/2020 06:50

May 14 (Reuters) - Balco Group AB  BALCO.ST :
    * STRONG REVENUE AND PROFIT GROWTH
    * Q1 NET SALES INCREASED 19 PERCENT TO 321 MSEK (270).
    * Q1 NET SALES SEK 321 MILLION VERSUS SEK 270 MILLION YEAR
AGO
    * Q1 ORDER INTAKE AMOUNTED TO 341 MSEK (362).
    * Q1 ORDER BACKLOG INCREASED 2 PERCENT TO 1,561 MSEK
(1,529).
    * Q1 OPERATING PROFIT INCREASED 27 PERCENT TO 34 MSEK (27).
    * IMPACT OF COVID-19 ON BALCO HAS SO FAR BEEN LIMITED
    * HAS DECIDED TO WITHDRAW PREVIOUSLY ANNOUNCED DIVIDEND
PROPOSAL
FOR FINANCIAL YEAR 2019
    * REMAINS OPEN TO AN EXTRA GENERAL MEETING IN AUTUMN OF 2020
FOR A
NEW DIVIDEND DECISION

Source text for Eikon:  ID:nWkr5vxXTk 
Further company coverage:  BALCO.ST 

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