• Quarterly net sales declined by 7 percent and EBITA excluding items affecting comparability  declined by 44 percent.  

• Free cash flow from operating activities amounted to SEK 116 m, slightly lower than in the same quarter of the previous year, but higher for the full year. The cash position remains strong.

• The market remains sluggish, and a broader recovery is not expected until the end of 2026.

• The Group is therefore implementing proactive measures to strengthen sales and reduce costs, including a more coordinated and structured approach to accounts receivable.

Magnus Persson, CEO of Bellman Group comments:

"The fourth quarter was characterized by a continued weak market with intense competition and pronounced price pressure in several regions, reinforced by seasonal effects around Christmas and New Year. We remain committed to our plan and are working proactively on trade receivables, selectivity in our business, and measures to reduce our costs, with a clear focus on profitability and disciplined execution. Cash flow from operating activities improved compared with the previous year, and we have a strong cash position."

1) The 2024 data include all legal entities for the period January—December, except for Wixner & Rödin and Kraftverksbyggarna that are included for the period October—December.
The 2025 data include all legal entities for the period January—December.