Hedin Mobility Group’s Year-End Report 2022: A strong finish to the best year in the history of our Group
CEO Anders Hedin: ”The best quarter and the best year in the Group's almost 40-year-old history. As we sum up the fourth quarter and the full year 2022, the figures clearly show that we are now one of Europe's absolutely largest mobility providers.”
MÖLNDAL, SWEDEN, February 28, 2023 –– Hedin Mobility Group AB (publ) today publishes the Year-End Report for the period January 1 – December 31, 2022.
October – December 2022 in brief
- Net sales increased by 101% to MSEK 17,529 (8,739). Adjusted for acquisitions and other items, Net sales increased 29% for comparable units.
- Operational earnings increased by MSEK 382 to MSEK 777 (395).
- Operating profit amounted to MSEK 729 (375).
- Profit for the period increased to MSEK 444 (228).
January – December 2022 in brief
- Net sales increased by 87% to MSEK 52,721 (28,191). Adjusted for acquisitions and other items, Net sales increased 15% for comparable units.
- Operational earnings increased by MSEK 1,111 to MSEK 2,257 (1,146).
- Operating profit amounted to MSEK 2,496 (1,069).
- Net profit for the year increased to MSEK 1,846 (644).
The Year-End 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 mobility providers, with approx. 7,800 employees and operations in 13 countries. In 2022, Net sales amounted to SEK 52.7 billion (approx. €5 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 of more than 260 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, 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