Identification
Instrument name
BALTA GROUP
Symbol
BALTA
ISIN code
BE0974314461
Exchange / Market
Euronext
Trading location
Brussels
Products family
Stocks
Market organization
EuronextBrussels
Capitalization compartment
Compartment B
ICB
Furnishings
Website address
http://www.investors-balta.com
Operation
IPO date
IPO price
13.25 EUR
Issue type
Initial Public offering
Catégorie
IPO
Price range
EUR 13.25 - EUR 16.00

Company profile

Balta Group is a leading manufacturer of textile floor coverings. The Balta divisions are Balta Rugs (Balta home), Balta Residential Carpets & Tiles (under the brands Balta Carpets, ITC and Balta carpet tiles), Balta Commercial Carpets & Tiles (under the brands modulyss, Arc Edition and Bentley), and Balta Non-Woven (under the brand Captiqs). Net sales break down by division as follows:
  • Commercial (33.3%): wall-to-wall carpets and carpet tiles for commercial use;
  • Residential (31.9%): wall-to-wall carpets and carpet tiles for residential use;
  • Rugs (30.7%): machine-made area rugs;
  • Non-Woven (4.1%): non-wovens for exhibitions and technical applications (insulation, linings, automotive, carpet backing and banners).
At the end of 2018, the group operates 10 production and distribution sites located in Belgium (6), in the United States (3) and in Turkey. Net sales are distributed geographically as follows: Europe (58%), North America (32%) and other (10%).

Source: Cofisem - Last Update: 11 Jul 2019
Key Executives
Chief Executive Officer Cyrille Ragoucy
Chief Financial Officer Jan-Christian Werner
Investor Relations Director Bram Decroix
Human Resources Director Kris Willaert
Source: Cofisem - Last Update: 11 Jul 2019
Key figures
Millenium 2017 2016 2015 2014
Net sales 661,320 557,685 556,822 519,529
Income from ordinary activities 661,320 557,685 556,822 519,529
Operating income 37,611 49,183 -8,013 25,556
Cost (net) of financial indebtedness -32,726 -25,402
Equity-accounted companies' contribution to results
Net profit from discontinued activities
Net income 2,980 25,345 -43,526 1,236
Net income (Group share) 2,946 25,345 -43,526 1,236
Fiscal year end 12.17 12.16 12.15 12.14
Length of fiscal year (month) 12 12 12 12
Currency & Unit EUR - thousands EUR - thousands EUR - thousands EUR - thousands
Account Standards
Source: Cofisem - Last Update: 11 Jul 2019
Shareholder information
LSF9 Balta Holdco 55.20 %
Source: Cofisem - Last Update: 10 Jul 2019