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Balco: Glazing is green - SEB

We argue Balco Group, a leading provider of mainly glazed balconies, is well-positioned to capitalise on both cyclical and structural demand, i.e. the EU green transformation aimed at energy savings. Over our forecast period ending 2024, we now forecast a CAGR in sales of 10% and in EPS of 17% (cp. EPS target growth of 20%). To start, we expect a solid financial performance in the year ahead and we set our revised mid-point value at SEK 145 (135).

We argue Balco Group, a leading provider of mainly glazed balconies, is well-positioned to capitalise on both cyclical and structural demand, i.e. the EU green transformation aimed at energy savings. Over our forecast period ending 2024, we now forecast a CAGR in sales of 10% and in EPS of 17% (cp. EPS target growth of 20%). To start, we expect a solid financial performance in the year ahead and we set our revised mid-point value at SEK 145 (135).
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