English

Interim report January-June 2021

Report this content

Continued strong growth in the second quarter of the year. New acquisition with a strong base and solid establishment in the south of Sweden and a significant increase in net sales, despite continued challenges linked to resource and competence supply in an expansive market.

“Like the first quarter of the year, the second quarter has shown solid growth. We welcomed Norrvidinge into the Bellman Group, which has established a strong base for Bellman Group in the south of Sweden. The quarter shows a significant increased Group net sale (SEK 662.2 million), an increase of 45.7 percent compared to the corresponding quarter of last year. EBITDA amounted to SEK 62.7 million, which represents a 10.8 percent increase, comments Håkan Lind, CEO of Bellman Group.”

Summary second quarter 2021:

  • Net Sales amounted to SEK 662.2 m (454.5), an increase of 45.7 percent.
  • EBITDA before items affecting comparability amounted to SEK 72.3 m (60.7), an increase of 19.1 percent. The EBITDA margin before items affecting comparability amounted to 10.9 percent (13.4).
  • EBITDA amounted to SEK 62.7 m (56.6), an increase of 10.8 percent. The EBITDA margin amounted to 9.5 percent (12.5).
  • Operating profit (EBIT) amounted to SEK 28.6 m (32.7), a decrease of 12.5 percent. The operating margin amounted to 4.3 percent (7.2).
  • Net profit for the quarter amounted to SEK 11.8 m (15.7).
  • Earnings per share, basic and diluted, equaled SEK 5.4 (7.2).
  • Cash flow from operating activities amounted to SEK
    15.5 m (37.0).

Summary first half of the year 2021:

  • Net Sales amounted to SEK 1,128.4 m (842.3), an increase of 34.0 percent.
  • EBITDA before items affecting comparability amounted to SEK 139.9 m (109.2), an increase of 28.1 percent. The EBITDA margin before items affecting comparability amounted to 12.4 percent (13.0).
  • EBITDA amounted to SEK 126.5 m (101.9), an increase of 24.1 percent. The EBITDA margin amounted to 11.2 percent (12.1).
  • Operating profit (EBIT) amounted to SEK 62.3 m (54.8), an increase of 13.7 percent. The operating margin amounted to 5.5 percent (6.5).
  • Net profit for the period amounted to SEK 11.0 m (24.0).
  • Earnings per share, basic and diluted, equaled SEK 4.8 (10.9).
  • Cash flow from operating activities amounted to SEK
    36.7 m (50.1).

For a complete report, see attached pdf.

This disclosure contains information that Bellman Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 20-08-2021 09:00 CET.

For additional information, please contact:
Håkan Lind, VD Bellman Group
Tel: +46 (0) 70 669 8028
E-post: hakan.lind@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 2020, net sales for the Group were SEK 1.7 billion. Bellman Group, with registered offices in Solna, Sweden, has approximately 615 employees and approximately 1,100 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

Subscribe

Documents & Links