Anders Hedin Invest årsredovisning ENG 1
“The core business of Klintberg & Way is KW Parts
” KW PARTS CEO: Jörgen Forsberg | www.kwparts.se The core business of Klintberg & Way is KW Parts, which also operates as the General Motors North America Vehicles (GM NAV) Service Market organisation in Europe, and includes distribution and sales of replacement parts and accessories for GM NAV in Europe. MARKET KW Parts is Europe’s largest replacement p arts wholesaler of US car parts, and operates in 37 countries. 2015 was a satisfactory year despite the challenges caused by the weakening of the Swedish krona against the US dollar. Despite this, and certain additional larger non-recurring cost items, the company succeeded in achieving a slightly better operating result compared to 2014. RELOCATION OF STOCK In June, the storage facility in Norway was closed and relocated to Sweden. Klintberg & Way retain a presence there in the form of two employees. In order to improve efficiency and establish a closer relationship with the bulk of its customers, KW Parts relocated its EU stock from Kortrijk in Belgium to Butzbach in Germany. 85,000 37 ITEMS IN STOCK COUNTRIES Multi-year comparison 2015 Net turnover (TSEK) Profit after financial items Average number of employees 256,796 -6,491 61 2014 233,613 5,417 65 ANDERS HEDIN INVEST AB ANNUAL REPORT / 2015 31