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Balco Q1: Orders in-line, revenues and EBIT weaker - SEB

Balco’s Q1 sales and earnings came in slightly below our expectations, with sales lagged our estimate by 7%, and EBIT by 3%. Order intake was SEK 263m, in-line with our forecast and up by 14% q/q, providing some early signs of recovery in the operations. In the short-term revenues and earnings will continue to be weighed by low order intake during the past quarters.

Balco’s Q1 sales and earnings came in slightly below our expectations, with sales lagged our estimate by 7%, and EBIT by 3%. Order intake was SEK 263m, in-line with our forecast and up by 14% q/q, providing some early signs of recovery in the operations. In the short-term revenues and earnings will continue to be weighed by low order intake during the past quarters.
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