Hedin Mobility Group Interim report Q2 2022: Continued expansion and a fantastic result in weak markets

CEO Anders Hedin: “Adjusted for acquisitions, we increase Net Sales by 13 percent in the first half of the year, which is very strong given the weak market development. It is a fantastic rating for our employees and their ability to create value despite all the present challenges.”

MÖLNDAL, SWEDEN, 19 August 2022 –– Hedin Mobility Group AB (publ) today publishes its Interim report for January 1 – June 30, 2022.

Key figures, April–June 2022

• Net Sales increased by 75 % to MSEK 12,771 (7,294). Adjusted for acquisitions and other items, Net Sales was at the same level as the previous year for comparable units.
• Operational earnings increased with MSEK 260 to MSEK 519 (259).
• Operating profit amounted to MSEK 508 (240).
• Net profit increased to MSEK 363 (149).

Key figures, January–June 2022

• Net Sales increased by 60 percent to MSEK 22,180 (13,883). Adjusted for acquisitions and other items, Net Sales increased by 13 % for comparable units.
• Operational earnings increased with MSEK 423 to MSEK 936 (513).
• Operating profit amounted to MSEK 1,248 (475).
• Net profit increased to MSEK 1,023 (298).

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 mobility providers. The Group employs more than 6,300 people and operates approximately 240 dealerships in eight countries. Net sales in 2021 was SEK 28.2 billion and the Group sold more than 125,000 vehicles*.
 
Hedin Mobility Group provides sales of new and used passenger cars, commercial vehicles and trucks, as well as aftermarket services, to both private and corporate customers. The Group represents approximately 40 brands and is also the importer for Ford in Sweden; for Renault, Dacia and Alpine in Sweden and Denmark; and for Dodge and RAM in Europe, as well as distributor for MG in Sweden and for BYD in Sweden and Germany.
 
In addition, the Group's operations include wholesale and distribution 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. 
 
www.hedinmobilitygroup.com
 
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.
 
www.hedingroup.com
 
* Including approx. 21,500 vehicles attributable to operations transferred from Hedin Group AB in October 2021.