Hedin Mobility Group’s Interim Report Q1, 2025: Positive start to the year with improved earnings and stronger cash flow

MÖLNDAL, SWEDEN, May 9, 2025 – Hedin Mobility Group AB (publ) publishes the interim report for the period January 1 – March 31, 2025.

CEO Anders Hedin: “We begin 2025 with a quarter that clearly reflects the positive impact of our strategic transformation. Despite continued market uncertainty and price pressure, we improved our result by 35% compared to the same period last year. This comparison excludes the capital gain from the sale of shares in Pendragon PLC, completed in February 2024. The development is a clear indicator of progress in our underlying operations and confirms that our profitability-enhancing measures are bearing fruit.

At the same time, we significantly improved our operating cash flow – from MSEK 64 in Q1 2024 to MSEK 731 in Q1 2025. This is a strong sign that our cost savings programme is delivering the intended results.

As we now enter the second quarter, the market is significantly more difficult to assess. During the first quarter, we saw a clear increase in new car order intake of 8%, and we enter the second quarter of 2025 with an order book that is 15% larger compared to the beginning of the year. However, it is still too early to draw definite conclusions about how demand will be affected by the current global economic and political turbulence.

What is clear, however, is that the efforts made by our colleagues across the Group are beginning to pay off. There is still a long way to go, but we are seeing increasing momentum from our initiatives, month by month. This gives me confidence and growing optimism, even in a more uncertain external environment.”

The Group in summary

January – March 2025

• Net sales decreased by 2% to MSEK 23,072 (23,585). Adjusted for acquisitions and exchange rate changes, net sales decreased by 6% compared to the previous year for comparable units.
• Operational earnings decreased to MSEK 103 (151).
• Operating profit amounted to MSEK 47 (-14).
• Profit/loss for the period amounted to MSEK -222 (-247).

Contact

Kristina Wärmare, Global Communications Director, +46 31-790 00 82
ir@hedinmobilitygroup.com

Anders Hedin, CEO, +46 31-790 00 00

Per Mårtensson, CFO, +46 31-790 04 81

This information is information that Hedin Mobility Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-05-09 08:00 CEST.

About Hedin Mobility Group

Hedin Mobility Group is one of Europe's largest mobility providers, with more than 11,800 employees and operations in 14 countries. In 2024, net sales amounted to SEK 92.3 billion and the Group sold more than 259,000 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, Corvette, Dodge and RAM, Ford and Ford F-150, Hongqi, INEOS Grenadier, IVECO, MG, XPENG 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 more than 50 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 more than 330 own dealerships with a total of over 800 sales points under the names Hedin Automotive, Carstore and Stephen James.
• In Mobility solutions, we address new user needs and sales models in the automotive industry by providing and developing innovative services. Through Carplus, Unifleet, MABI Mobility and Hedin Supercharge, users are offered various flexible and modern 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 Mercedes-Benz Financial Services Slovakia, Lasingoo Sverige and Casi.
 
Read more on www.hedinmobilitygroup.com
 
Part of Hedin Group
Hedin Mobility Group is part of the Hedin Group together with the Hedin Construction group 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