AI Interim report Q3 2020 1
INTERIM REPORT 2020 | I.A. HEDIN BIL AB | JULY 1S
T - SEPTEMBER 30TH Third quarter 2020 Nine months 2020 • On September 1, a new dealership including customer- VR experience was opened in Solna United. • Net sales increased by 24 percent to MSEK 6,516 (MSEK 5,262). • Operational earnings increased by 131 percent to MSEK 258 (MSEK 121). • Operating profit increased by MSEK 136 to MSEK 240 (MSEK 104). • Profit before tax increased to MSEK 176 (MSEK 45). • Net sales increased by 8 percent to MSEK 17,702 (MSEK 16,383). • Operational earnings increased by 88 percent to MSEK 515 (MSEK 273). • Operating profit increased by MSEK 231 to MSEK 458 (MSEK 226). • Profit before tax increased to MSEK 273 (MSEK 62). • On January 13, FordStore in Västerås was opened. • On January 20, a new dealership for Kia was opened in Trollhättan, a Red Cube facility. Events after third quarter 2020 • On October 8, a new dealership for Nissan and Kia was opened in Alingsås. In the present facility, the sales of Mercedes-Benz will continue as a single-brand. • On October 15, Bavaria Sverige inaugurated a new dealership for BMW in Kista. • Uncertainty remains regarding the development of Covid-19 and the future impact on the operations. We continuously monitor the development and consider ourselves to be well prepared for different scenarios. Key Figures Amounts in kSEK Key Figures Amounts in kSEK Key Figures Amounts in kSEK Net SalesNet SalesNet Sales Operational earnings Margin % Operational earnings Margin % Operational earnings Margin % Operating profit Operating margin % Profit/loss before tax Equity ratio % Equity ratio %, excluding IFRS 16 Average number of employees Definitions Equity ratio: Equity including subordinated shareholder loans in relation to total assets Operational earnings: Se note 2 Operating profit Operating margin % Profit/loss before tax Equity ratio % Equity ratio %, excluding IFRS 16 Average number of employees Definitions Equity ratio: Equity including subordinated shareholder loans in relation to total assets Operational earnings: Se note 2 3rd quarter3rd quarter3rd quarter 2020 2019 2020 2020 2019 6,515,9836,515,983 6,515,983 258,412 258,412 4.0 Operating profit Operating margin % Profit/loss before tax Equity ratio % Equity ratio %, excluding IFRS 16 Average number of employees Definitions Equity ratio: Equity including subordinated shareholder loans in relation to total assets Operational earnings: Se note 2 4.0 239,543 239,543 3.7 175,943 175,943 5,262,4725,262,472 121,301 121,301 2.3 258,412 4.0 3.7 2.0 45,311 103,689 103,689 239,543 175,943 1 January - 30 September 2020 17,701,809 2.3 2.0 5,262,472 2.9 2.6 17,701,809 2.3 457,815 457,815 103,689 45,3113.7 273,415 273,415 11 45,311 17 2,801 2.6 1.4 2.061,927 11 17 2,801 2,592 515,458 515,458 121,301 1 January - 30 September 2020 2019 2019 16,382,594 2.9 1 January - 30 September 2020 Year 2019 2019 16,382,594 17,701,809 1.7 1.7 2.9 226,464 226,464 457,815 1.4 10 273,415 11 15 61,927 10 15 17 2.6 273,494 273,494 515,458 Year 2019 22,301,382 2019 22,301,38216,382,594 427,679 427,679 1.9 360,207 360,207 1.6 9 9 273,494 1.9 1.7 226,464 1.6 147,954 147,9541.4 61,927 13 2,592 2,733 2,801 13 10 2,733 15 2,592 6