Hedin Mobility Group Interim report Q1 2022: A very strong quarter despite continued supply chain challenges
CEO Anders Hedin: “Despite the continued challenges related to electronic component shortages and disruptions in supply chains, we deliver a very strong result for the first quarter – a result of the hard work all our committed employees have put in!”
MÖLNDAL, 12 May 2022 –– Hedin Mobility Group AB (publ) today publishes its Interim report for January 1 – March 31, 2022.
Key figures for the first quarter 2022
- Net Sales increased by 43 % to MSEK 9,410 (6,589).
- Operational earnings amounted to MSEK 417 (254).
- Operating profit was MSEK 740 (235).
- Profit before tax increased to MSEK 725 (190).
The Interim report is attached to this press release and is also available to download on Hedin Mobility Group’s website.
Contact
Magnus Matsson
PR & Communication Manager, Hedin Mobility Group
press@hedinmobilitygroup.com
About Hedin Mobility Group
Hedin Mobility Group is one of Europe's largest privately owned car dealers. The business employs more than 5,000 people and is represented in more than 200 locations in 12 countries. Net sales in 2021 was SEK 28.2 billion and the group sold more than 125,000 vehicles (of which approx. 21,500 are attributable to operations transferred from Hedin Group AB in October 2021).
The Group's portfolio includes approximately 35 car brands, and the company provides full service for both private and corporate customers. The portfolio also includes distribution of Ford and MG in Sweden, Renault, Dacia and Alpine in Sweden and Denmark, and Dodge and RAM in Europe. In addition, the Group's operations include wholesale operations of tires and spare parts, the car rental company Mabi Mobility AB, the private leasing company Car to Go Sweden AB, the corporate leasing company Unifleet AB and co-ownership in Pendragon PLC and iMove AS.
Hedin Mobility Group is part of the Hedin Group together with Tuve Bygg AB and I.A. Hedin Fastighet AB. Hedin Group is also a partner in Consensus Asset Management and Ripam Invest AB, which owns Marstrands Kurhotell, Kurbadhus and Societetshus.