Year-end report 2021
In October, we performed a directed share issue of SEK 3.57 billion, where Erik Selin entered as a new owner of 25% of the shares in the company. In connection with the new share issue, we also carried out a restructuring of the companies in the Hedin Group and have now consolidated all automotive related operations within Hedin Mobility Group. To better reflect the group's entire operations and mark the transition to a new phase in the Group's history, we have also changed the name to Hedin Mobility Group.
Key performance indicators fourth quarter 2021:
- Net sales increased by 37% to MSEK 8,739 (MSEK 6,362).
- Operational earnings amounted to MSEK 395 million (MSEK 290).
- Operating profit amounted to MSEK 374 million (MSEK 271).
- Profit before tax increased to MSEK 309 million (MSEK 238).
Full year 2021;
- Net sales increased by 17 percent to MSEK 28,191 (MSEK 24,064).
- Operational earnings increased to MSEK 1,146 (MSEK 805), an increase of 46 percent.
- Operating profit increased by MSEK 340 to MSEK 1,069 (MSEK 729).
- Profit before tax increased to MSEK 839 (MSEK 511).
For further information:
Anders Hedin, CEO, anders.hedin@hedingroup.com
Media: press@hedingroup.com
About Hedin Mobility Group
Hedin Mobility Group is one of Europe's largest privately owned car dealers. The Group's portfolio includes over 30 car brands and the company provides full service for both private and corporate customers. The business is represented in more than 140 locations in Sweden, Norway, Belgium, Switzerland and Germany.
The portfolio also includes the general distribution of Ford and MG in Sweden, Dodge and RAM in Europe, wholesale 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