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Balco Group, the Nordic market leading turnkey supplier of mainly glazed balconies, with documented energy-savings effects driving the sustainability angle of our investment case, will report Q3 earnings on 18 November. While we expect the post-Covid-19 recovery to gradually unfold, supporting growth in the construction industry in 2022, we cut our earnings estimates on mainly lowered sales. We raise our mid-point DCF value to SEK 125 (SEK 122).
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