Hedin Mobility Group Interim report Q3 2022: We are approaching 50 billion and 50 brands

CEO Anders Hedin: “Once again, we report record high sales and results. Adjusted for acquisitions, we increase Net Sales by 3% in the third quarter and with 10% during the first nine months. In view of the generally continued subdued development on our total markets, this is an achievement that our employees deserve great praise for!”

MÖLNDAL, SWEDEN, November 3, 2022 –– Hedin Mobility Group AB (publ) today publishes its Interim report for January 1 – September 30, 2022.

July–September 2022 in brief

• Net Sales increased by 134% to MSEK 13,012 (5,568). Adjusted for acquisitions and other items, Net Sales increased by 3% for comparable units.
• Operational earnings increased with MSEK 306 to 544 MSEK (238).
• Operating profit amounted to MSEK 520 (220).
• Net profit increased to MSEK 379 (118).

January–September 2022 in brief

• Net Sales increased by 81% to MSEK 35,192 (19,451). Adjusted for acquisitions and other items, Net Sales increased by 10% for comparable units.
• Operational earnings increased with MSEK 729 to MSEK 1,480 (751).
• Operating profit amounted to MSEK 1,768 (694).
• Net profit increased to MSEK 1,402 (416).

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
+46 31 790 00 82
press@hedinmobilitygroup.com

About Hedin Mobility Group

Hedin Mobility Group is one of Europe's largest privately owned mobility solutions providers, with approximately 7,500 employees and operations in 13 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. Sales take place both online and via a European dealer network of around 260 wholly owned dealerships.
 
The Group represents more than 40 brands and is also the importer for Ford in Sweden and Ford F-150 in Europe; Renault, Dacia and Alpine in Sweden and Denmark; Hongqi in Sweden and the Netherlands; Dodge and RAM in Europe; and for INEOS Grenadier in eleven countries**, 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.
** Belgium, the Netherlands, Luxembourg, Sweden, Denmark, Norway, Finland, Estonia, Latvia, Lithuania and Switzerland.