Bell Equipment navigates market uncertainty with strong cash flow and cautious outlook

BELL Equipment, the JSE-listed manufacturer and distributor of materials handling equipment globally, reported a sharp 330% increase in net cash inflow to R487.04 million in the six months to June 30.

- EDWARD WEST

The share price gained 2.65% to R41.63 on Friday afternoon, despite the fact that the dividend was passed due to the global slowdown in demand in key markets and a contracted US market due to the current USA tariff situation.

“Just when we anticipated some stability might prevail in our global markets, following a reduction in demand for equipment during 2024 to more normalised levels, the first half of 2025 has been marred with extreme uncertainty in some of our key markets, the US in particular,” the chairman, Gary Bell, and chief executive, Ashley Bell, said on Friday in the results.

Whilst this had exacerbated the impact of the “normal” downcycle on their industry worldwide, the group continued to manage the situation proactively to minimise the impact on its business.