Construction and contracting group Bellman Group is investigating suspected financial irregularities, including possible legal violations, within a limited part of the group. The company has initiated both an internal and an external investigation, according to a press release.
The preliminary financial impact is estimated at around 5 percent of the group’s total EBITA during the 2022-2026 period. According to the company, the effects relate to historical events that have already been recorded in the accounts and are therefore not expected to have any further impact on earnings.
The person most directly affected by the investigations has, until further notice, stepped away from their operational duties. Bellman Group further assesses that liquidity, financing commitments and ongoing operations will not be affected, it adds.
