November 15, 2023
Hedin Mobility Group AB (publ) today publishes its Interim Report for the period January 1 – September 30, 2023.
CEO Anders Hedin: “We continue to grow organically in the third quarter. Adjusted for acquisitions and other items affecting comparability, net sales increased by 14% year-on-year both in the third quarter and in the first nine months. However, margins continue to be squeezed by lower volumes, currency effects and start-up costs in our new distribution operations and market establishments. In the short term, we are working intensively on various initiatives to increase volumes and profitability. In the longer term, we are convinced that with our broad operations and geographical presence we are well positioned to take advantage of the opportunities that tomorrow’s mobility business will bring.”
The Group in summary
July – September 2023
January – September 2023
The Interim Report is attached to this press release and is also available on Hedin Mobility Group’s website.