Q1 2022 Balco Group AB Earnings Call Transcript
Hello, and welcome to the Balco Audiocast with Teleconference Q1 2022. (Operator Instructions)
And today, I'm pleased to present CEO, Kenneth Lundahl. Please begin your meeting.
Thank you. Good morning. Welcome to the Balco Q1 reporting. It's Michael Grindborn here, CFO; and Kenneth Lundahl. We start on Page 2. These set points in Q1. We expect that much higher order intake in Q1. We expect a higher turnover and we expect a high profit. The reason for this not happening, that in the first 6 weeks, January and February, COVID-19 had a negative impact on net sales, order intake, operating profit during January and February. And it was still restrictions in the Nordics and also many of our employees were sick in COVID. Affected us internally. FX order intake, especially Sweden, Norway and it also has affected the building permission process the first 6 weeks. Mike will take the figures later.
If you look at point 3 there, investments in resources. We have increased the staff within our
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
