Hedin Mobility Group's Interim Report Q1 2023: Mixed market development highlights the strength of our international scope
CEO Anders Hedin: ”We continue to expand our operations outside of Sweden to build our pan-European company and continue to be a strong partner to the manufacturers and brands we represent.”
MÖLNDAL, SWEDEN, May 11, 2023 –– Hedin Mobility Group AB (publ) today publishes its Interim Report for the period January 1 – March 31, 2023.
January – March 2023 in brief
- Net sales increased by 90% to MSEK 17,918 (9,410). Adjusted for Items affecting comparability net sales increased by 17%.
- Operational earnings increased by MSEK 40 to MSEK 457 (417).
- Operating profit amounted to MSEK 671 (740).
- Profit for the period amounted to MSEK 392 (660).
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 mobility providers, with more than 8,000 employees and operations in 13 countries. In 2022, Net sales amounted to SEK 52.7 billion (approx. €4.8 billion) and the Group sold more than 180,000 vehicles.
Our operations consist of three main business areas:
- In Distribution, we are a significant importer/distributor of vehicles, spare parts, tires, rims and wheels as well as accessories on the European market. We are importer and/or distributor for BYD, Dodge and RAM, Ford and Ford F-150, Hongqi, INEOS Grenadier, MG as well as Renault, Dacia and Alpine. Within spare parts we are, among other things, an authorised partner for GM and Mopar in Europe as well as the exclusive global supplier of Saab Original parts.
- In Retail, we represent over 40 brands and provide a comprehensive offer – sales, financing, insurance, and aftermarket services – comprising new and used passenger cars, commercial vehicles, and trucks to both private and corporate customers. Sales take place both online and via a European dealer network comprising some 270 own dealerships with a total of over 550 sales points.
- In Mobility solutions, we address new user needs and sales models in the automotive industry by providing and developing innovative services. Through Carplus, Unifleet, and MABI Mobility, users are offered various flexible mobility solutions.
Hedin Mobility Group's operations also include Hedin IT, which provides the Group with high-end operations, support, and digital development, as well as strategic investments in Pendragon PLC, Lasingoo Sverige, Casi (formlerly Imove), and Mercedes-Benz Financial Services Slovakia.
Read more on www.hedinmobilitygroup.com
Part of Hedin Group
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