Anders Hedin Invest Årsredovisning 1
THE CEO HAS THE WORD 2017 was an exciting year fo
r Anders Hedin Invest. We have strengthened our organization with a number of strategic acquisitions and are now more prepared for the future than ever before. We have positioned ourselves as a unique player in the market by acquiring Mikla Group and 51% of the construction company Tuve Bygg. Meanwhile, Swedish car sales hit a new record and this has a positive impact on our company. Anders Hedin Invest had 2017 a total of 98 automotive dealership in three countries around Europe. I.A. HEDIN BIL AB In 2017, new car registrations scored records once again on the Swedish market. So did I. A. Hedin Bil AB (Hedin Bil). With strong sales in 2017, I. A. Hedin Bil accounted for 15.7% of the Swedish market for passenger cars, 11.5% for commercial vehicles and 4% for the heavy truck market. In the aftermarket, sale in both service and spare parts increased by ca 5% compared to the previous year. Tire sales increased by 15%. Four acquisitions were carried out within the Group during the year and as a consequence, 40 new automotive dealerships have been added. In total, Hedin Bil has 97 automotive facilities around Sweden, Norway and Belgium. www.hedinbil.se saw 50% more traffic. This means that 100,000 visitors accessed Hedinbil.se per week. CAR TO GO SWEDEN AB The number of car dealerships and the market share in Sweden for the company's main product increased. The private leasing market increased from 4.3% to 4.9%, even though private leasing decreased during 2017. Changes were made to the company's management as part of the process of creating a clearer focus on the company's own business. During the year, the company improved its revenues and earnings while the profit for the year was more than double compared to the previous year. In the coming years, the company will be well position in continuing to manage the development of packaged products and services within the automotive industry. GS BILDELER In 2017, GS Bildeler was acquired as a part of Bavaria Nordic AS to I.A. Hedin Bil. GS Bildeler as a part of supplier of replacement parts for BMW and has six facilities in Norway. Workshops can be found in three of these facilities, two of which are authorized BMW Service Workshops. KLINTBERG & WAY GROUP AB Klintberg & Way Group continued it’s expansion, both within the existing businesses and by creating new business areas and companies. An important milestone was reached in October when the Group was appointed by Fiat Chrysler Automotive International Operations (FCA I O) as official importer of Dodge and RAM in Europe. The operations will be conducted within the newly started Klintberg & Way Automotive SA with the headoffice located in Lugano, Switzerland. With the purpose of establishing professional imports of Dodge and RAM, BHC GmbH was acquired in Bremerhaven, Germany and is responsible for performing homologation of US vehicles with the European rules and legal requirements. Within the tire division, KW Wheels has been transformed into a chain concept for independent tire workshops; Däckringen. By the end of the year, Däckringen had been established in 38 locations in Sweden. MABI RENT AB MABI is one of Sweden's largest car rental companies. Since its founding in Stockholm in 1989, the company has grown steadily and is currently conducting car rental at 166 stations. During 2017, profit increased from SEK 16.7 million to SEK 18.3 million. 3 537 new cars were bought during the year, 12.6% more than 2016. 4 ANDERS HEDIN INVEST AB / ANNUAL REPORT / 2017