• Quarterly net sales declined by 8.5 percent, but EBITA excluding items affecting comparability improved by 11.2 percent.
• Free cash flow from operations improved compared to the previous year.
• The company’s refinancing was successfully completed after the end of the quarter, further supporting the company’s acquisition agenda.
• While the market remains somewhat cautious, Sweden is expected to see historically large investments in infrastructure ahead.
• The Group is handling growing material volumes at its site , which constitute an important part of the circular flow.

Magnus Persson, CEO of Bellman Group comments:

"The first quarter, like the fourth quarter of last year, was characterized by very strong growth in the North business area, while the rest of the market remained challenging. During the quarter, the Group’s revenue declined, but earnings improved notably, driven by a significantly strengthened gross margin and further supported by improved cash flow from operations. We observe that many projects are being planned across Sweden and maintain a cautiously optimistic view of the market situation, although a certain degree of caution and delay persists."