2021 Annual Report now published

Bellman Group has today published the Annual Report for the fiscal year 2021 including the Sustainability report, on www.bellmangroup.se.

2021 was yet another eventful year for Bellman Group, a year marked by the pandemic and its effects, even if there was limited impact on the Group. Bellman Goup grew through the acquisition of Ivarssons and Norrvidinge, acquisitions that strengthen our offerings and geographical presence.

“Bellman Group operates in an attractive market related to infrastructure investments, and we will keep developing our comprehensive offering and sustainability work. Collaboration within the Group is stronger now than ever before, and what we can achieve by taking an overall responsibility for projects is becoming increasingly clear to ourselves and our customers,” comments Magnus Persson, VD Bellman Group.

“Global security has been jeopardized by the recent war in Ukraine. This is something that affects all of us, and in addition to human suffering, increases the risk of inflation and recession. We have already experienced how price increases on consumables and fuel have affected our business. The current situation increases the risk of a slowdown in the construction sector. Our strength in this context is that Bellman Group’s main business is in the infrastructure sector, which historically has been resilient in periods of worsening economic conditions. We are monitoring developments closely and maintaining close dialogue with our customers and partners. We are confident about our business model, even in a turbulent market, comments Magnus Persson, VD Bellman Group.

This disclosure contains information that Bellman Group is obliged to make public pursuant to the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 27-04-2022 11:11 CET.

For additional information, please contact:

Magnus Persson, VD Bellman Group
Tel: +46 (0) 70 583 52 30
E-post: magnus.persson@bellmangroup.se

Roger Axelsson, CFO Bellman Group
Tel: +46 (0) 70 874 5041
E-post: roger.axelsson@bellmangroup.se

About Bellman Group
Bellman Group is a civil engineering group that operates in rock blasting, excavation, haulage, and mass handling in Sweden. In 2021, net sales for the Group were SEK 2.9 billion. Bellman Group, with registered offices in Solna, Sweden, has approximately 600 employees and approximately 1,300 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. www.bellmangroup.se