AI Interim report Q3 2020 1
INTERIM REPORT 2020 | I.A. HEDIN BIL AB | JULY 1S
T - SEPTEMBER 30TH Note 1 Reporting standards The Interim report for the group has been prepared according to IAS 34 Interim Financial Reporting. The same accounting policies and calculation methods have been applied as in the most recent annual report. Note 2 Operating segments The operating segments have been changed, to a segmentation according to geographical markets instead of brands. This gives an improved true and fair view and reflects the internal reporting to the management. The markets are Sweden, Norway and Belgium. All markets include both vehicle sales and after-market. Vehicle sales cover the sale of new and pre-owned passenger cars, commercial vehicles and trucks, including commission income from financing and insurance. After-market covers service, workshop services and workshop products and spare parts. The effects of IFRS16 are reported under “Segment reconciliation”. Operational earnings are defined as operating profit excluding one-time costs and amortization in surplus values. Operating segments Sweden 2020 Net sales EBITDA Depreciation Operational earnings Margin Amortization of surplus values Operating profit Operating margin Financial items Profit before tax Tax expense Profit of the period Investments in - fixed assets - Leasing vehicles 41,527 869,835 80,979 1,042,245 42,669 26,751 19,432 45,119 14,813 0 14,616 0 0 0 437 0 2019 11,030,073 11,720,128 642,039 -384,967 257,072 2.3% 529,962 -369,340 160,622 1.4% -12,924 244,148 2.2% -14,116 146,506 1.3% Norway 2020 3,222,306 223,652 -25,064 198,588 6.2% -18,024 180,564 5.6% 2019 2,315,302 91,327 -36,738 54,589 2.4% -17,253 37,336 1.6% Belgium 2020 2,718,519 50,736 -24,872 25,864 1.0% -26,695 -831 0.0% 2019 2,131,417 46,099 -15,008 31,091 1.5% -15,661 15,430 0.7% Segment reconciliat ion 2020 730,911 434,829 -400,895 33,934 0.0% Group 2019 2020 2019 215,747 17,701,809 16,382,594 417,935 -390,743 27,192 0.0% 1,351,256 -835,798 515,458 2.9% 33,934 0.0% 27,192 0.0% -57,643 457,815 2.6% -184,400 273,415 -67,403 206,012 99,009 896,586 1,085,323 -811,829 273,494 1.7% -47,030 226,464 1.4% -164,537 61,927 -8,657 53,270 115,464 1,087,364 Operating segments Vehicle sales 2020 Net sales EBITDA Depreciation Operational earnings Margin Amortization of surplus values Operating profit Operating margin Financial items Profit before tax Tax expense Profit of the period Investments in - fixed assets - Leasing vehicles 35,722 896,586 36,883 1,087,364 14 63,287 78,581 99,009 896,586 115,464 1,087,364 2019 15,609,264 14,926,884 640,977 -380,711 260,266 1.7% -27,708 232,558 1.5% 501,263 -368,595 132,668 0.9% -23,515 109,153 0.7% After market 2020 3,143,325 282,161 -57,958 224,203 7.1% -27,707 196,496 6.3% 2019 Segment reconciliation 2020 Group 2019 2020 2019 2,966,373 -1,050,780 -1,510,663 17,701,809 16,382,594 168,962 -54,393 114,569 3.9% -23,515 91,054 3.1% 428,118 -399,357 28,761 415,098 -388,841 26,257 1,351,256 -838,026 513,230 2.9% 28,761 26,257 -55,415 457,815 2.6% -184,400 273,415 -67,403 206,012 1,085,323 -811,829 273,494 1.7% -47,030 226,464 1.4% -164,537 61,927 -8,657 53,270