Stable earnings development
Period, January – September 2020
“During the third quarter the market continued to be affected by uncertainty surrounding the Covid-19 pandemic. Against this background, I am proud of our development during the quarter when, among other things, we improved our EBITDA result, thanks in part to the acquisition of SÅCAB. There are two main reasons for our strength. The first is that we are focused on infrastructure, the part of capital investments that is now developing the strongest. The second is that our subsidiaries complement each other and thus can offer complete solutions that are met with great interest from our customers.”
Håkan Lind, CEO Bellman Group AB
Stockholm 20 November 2020
Bellman Group AB (publ)
“This information is information that Bellman Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 09.00 CET on 20 November 2020.”
About Bellman Group
Group is a civil engineering group that operates in rock blasting, excavation, haulage, and mass handling in Sweden, primarily in the Stockholm and Gothenburg regions. The Group consists of Bellmans, which is a company active in machinery brokerage and haulage, Uppländska, which performs rock blasting operations, VSM, which carries out excavation work with large machinery, Samgräv, which is active in haulage, machine brokerage, mass handling and operation of own landfills, and SÅCAB which is active in haulage and also owns a landfill south of Stockholm.
In 2019, net sales for the Group were SEK 1.8 billion. Bellman Group, with registered offices in Solna, Sweden, has approximately 400 employees and 1,000 subcontractors. The parent company’s corporate bonds are listed on Nasdaq Stockholm. Bellman Group is a group of strong growth with an explicit acquisition strategy.
For more information, please contact:
Håkan Lind, CEO
+46 (0) 70 669 8028
Roger Axelsson, CFO
+46 (0) 70 874 5041