Q3 INTERIM REPORT HEDIN BIL 1
The operational earnings in Sweden have improved
by MSEK 12 compared to previous year. The margins of operational earnings have been strengthened on both new and used vehicles, and operational expenses in relation to net sales have decreased. Operating profit in Norway decreased by MSEK 13 after a strong result last year. The margin of operational earnings on new vehicles decreases slightly due to a shift in the sales mix. The margin of operational earnings on used vehicles have improved compared to the previous year. In Belgium, operational earnings decreased by MSEK 21. The reason is mainly reduced margins and increased expenses during the period. Net sales Sweden Norway Belgium Segment reconciliation Total Operational earnings Sweden Norway Belgium Segment reconciliation Total Margin Sverige Norge Belgien Totalt 3rd quarter 2021 3,140,674 1,231,763 1,195,699 0 5,568,136 3rd quarter 2021 152,824 69,192 3,464 12,880 238,360 3rd quarter 2021 4,9% 5,6% 0,3% 4,3% 2020 3,837,656 1,271,386 1,129,396 277,545 6,515,983 1 January - 30 September 2021 12,131,708 3,771,408 3,548,153 0 19,451,269 Year 2020 11,030,073 3,222,306 2,718,519 730,911 17,701,809 2020 140,511 82,107 24,581 11,213 258,412 1 January - 30 September 2021 447,428 212,643 55,581 35,446 751,098 2020 14,982,030 4,465,292 3,852,581 764,011 24,063,914 Year 2020 257,072 198,588 25,864 33,934 515,458 2020 3,7% 6,5% 2,2% 4,0% 1 January - 30 September 2021 3,7% 5,6% 1,6% 3,9% 2020 415,910 281,031 67,327 40,469 804,737 Year 2020 2,3% 6,2% 1,0% 2,9% 2020 2,8% 6,3% 1,7% 3,3% Financia net amounted to MSEK -68 (MSEK -64), including exchange rate differences of MSEK +3 (MSEK -4). The increase of interest expenses is attributable to increased investments in leasing vehicles. Cash flow from operating activities amounted to MSEK 1,299 (MSEK 465). Investments in fixed assets, excluding leasing vehicles and right-of-use assets, amounted to MSEK 34 (MSEK 35). Available cash including unused overdraft facilities amounted to MSEK 931, an increase of MSEK 254 compared to previous quarter. 9 INTERIM REPORT Q3 HEDIN BIL – 1 JULY – 30 SEPTEMBER