A weak quarter in a continued uncertain market
Hedin Mobility Group AB (publ) today publishes its interim report for the period 1 January – 31 March 2026.
CEO Anders Hedin: “Development during the first quarter broadly followed the pattern seen towards the end of 2025, with a cautious market characterised by weak demand. In particular, the year began significantly weaker than we had expected, while sales in March were in line with the preceding year. Subdued new vehicle sales and pressured margins in the used vehicle business continue to affect both sales and profitability. The aftermarket business continued to show stability in margins and earnings.
Despite increased geopolitical uncertainty and concern in the wider environment, activity increased, with higher order intake in March. At the end of the quarter, the order backlog was higher than at the corresponding time in the preceding year. In April, we also saw continued positive order intake, particularly in new passenger cars, but it is too early to draw conclusions regarding a broader market improvement.
In the current market situation, our focus is on control over costs, capital and operational execution. At the same time, we continue to develop the parts of the business where our scale, presence and expertise create value for customers and partners.”
The Group in summary
1 January – 31 March 2026
- Net sales decreased by 13% to MSEK 20,112 (23,072).
- Operational earnings decreased to MSEK -174 (103).
- Operating profit amounted to MSEK -239 (47).
- Net profit/loss for the period amounted to MSEK -429 (-222).
- Total assets decreased to MSEK 48,008 and net debt decreased by MSEK 466.
- After a weak start to the year, order intake increased towards the end of the quarter. By the quarter-end, the order backlog was higher year-on-year.
- In March, Hedin Mobility Group AB completed a written procedure resulting in an extension of the Company’s bond by 15 months to October 2027. This was part of a broader financing solution that also included an extension of the Company’s bank facilities as well as a capital contribution of MSEK 500 from Hedin Mobility Group’s principal owners.
The interim report is attached to this press release and is also available for download on Hedin Mobility Group’s website.