Hedin Mobility Group’s Interim Report Q1, 2025: Positive start to the year with improved earnings and stronger cash flow

CEO Anders Hedin: “We begin 2025 with a quarter that clearly reflects the positive impact of our strategic transformation. Despite continued market uncertainty and price pressure, we improved our result by 35% compared to the same period last year. This comparison excludes the capital gain from the sale of shares in Pendragon PLC, completed in February 2024. The development is a clear indicator of progress in our underlying operations and confirms that our profitability-enhancing measures are bearing fruit.

At the same time, we significantly improved our operating cash flow – from MSEK 64 in Q1 2024 to MSEK 731 in Q1 2025. This is a strong sign that our cost savings programme is delivering the intended results.

As we now enter the second quarter, the market is significantly more difficult to assess. During the first quarter, we saw a clear increase in new car order intake of 8%, and we enter the second quarter of 2025 with an order book that is 15% larger compared to the beginning of the year. However, it is still too early to draw definite conclusions about how demand will be affected by the current global economic and political turbulence.

What is clear, however, is that the efforts made by our colleagues across the Group are beginning to pay off. There is still a long way to go, but we are seeing increasing momentum from our initiatives, month by month. This gives me confidence and growing optimism, even in a more uncertain external environment.”

The Group in summary

January – March 2025

• Net sales decreased by 2% to MSEK 23,072 (23,585). Adjusted for acquisitions and exchange rate changes, net sales decreased by 6% compared to the previous year for comparable units.
• Operational earnings decreased to MSEK 103 (151).
• Operating profit amounted to MSEK 47 (-14).
• Profit/loss for the period amounted to MSEK -222 (-247).