I.A. Hedin Bil AB interim report Q3 2021
The third quarter has been characterized by high demand, at the same time as we are experiencing delivery problems on new vehicles. Delivery problems are caused by the global shortage of semiconductors, which affect most of our brands. However, this varies over time between different brands, which means that we have been able to maintain a high level of both sales and deliveries. Invoicing increased by 15 percent compared with the previous year. Due to the increasing share of sales to private lease, the total Net sales are decreasing. The order backlog as of September 30 is all-time high of totally14,600 vehicles.
Key performance indicators compared with previous year:
- Net sales amounted to MSEK 5,568 (MSEK 6,516).
- Operational earnings amounted to 238 MSEK (MSEK 258).
- Operating profit amounted to MSEK 219 (MSEK 240).
- Profit before tax decreased to MSEK 151 (MSEK 176).
For further information:
Anders Hedin, CEO, anders.hedin@hedingroup.com
Media: press@hedingroup.com
This information is information that I.A. Hedin Bil Aktiebolag (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 2021-10-27 16:45 CEST.
About Hedin Bil
I.A. Hedin Bil is one of the largest privately-owned automotive retailers in Europe, with 30+ brands in the portfolio, offering full service for private and corporate customers. Hedin Bil is represented in appr. 120 locations in Sweden, Norway, Belgium and Switzerland. www.hedinbil.se
® I.A. Hedin Bil is a registered trademark owned by Hedin Group (91 %) and Ingemar Hedin (9 %).
Hedin Bil is a part of the Hedin Group together with Klintberg & Way, Mabi Mobility, Car to Go, Hedin Motor Company and Tuve Bygg. Hedin Group is also a partner in Lasingoo, Consensus Asset Management and imove. The Group has a turnover of approx. 3.5 billion EUR and 3,600 employees. www.hedingroup.com