Anders Hedin Invest Årsredovisning 1
“The acquisitions in 2017 will double our sales a
nd occupy important positions in new markets, both in Sweden and abroad.” 2017 IN BRIEF • • • • • • Acquisition of Bilias Ford operations in Stockholm. Acquisition of ANA Motorcentrum’s facilities in Trollhättan and Lysekil. Acquisition of PCB Västsverige AB, dealer of Porsche in Borås and Gothenburg. Porsche is welcomed as a new brand in the Group. Acquisition of 51% of the shares in Tuve Bygg Holding AB. Acquisition of Mikla Group (formerly Bavaria Nordics) with its subsidiaries Bavaria Norge AS, Bavaria Bil AB, KC Motors AB and GS Bildeler AS. The group is a dealer of BMW, Mini and Porsche with branches in Sweden and Norway. As of March 2018, the company will be called Hedin Automotive Norge AS. • BMW and MINI are welcomed as new brands in the Group. • Awarded official importer for Dodge and RAM in Europe. • • • • • • • Acquisition of Mercedes-Benz Ghent, consisting of seven automotive dealerships in East Flanders. Estimated take over Q2 2018. Acquisition of Burling Group’s BMW operations in Skellefteå. Acquisition of Eriksson Bilteam AB in Gävle, consisting of sales, service and replacement parts for BMW and Opel. I.A. Hedin Bil increased the number of cars sold by 29% to 59,595 (46,195). Sales increased by 36% to MSEK 14,552 (MSEK 10,707). The operating profit amounted to MSEK 212 million (MSEK 870). The cash flow from operating activities amounted to MSEK 141 (MSEK 477). THE GROUP IN FIGURES Amount in thousand SEK 2017 Net sales Profit after financial items Balance sheet total Return on equity % Equity ratio % Average number of employees 14,551,769 56,972 9,161,975 1 21 2,008 2016 10,706,901 825,299 4,068,816 49 44 1,626 PERFORMANCE ANALYSIS – OPERATING PROFIT BEFORE TAX Amount in thousand SEK Profit, excluding items affecting comparability Inventory depreciation Non-recurring capital gain Relocation costs Structural expenses Reported earnings before tax 2017 217 - -143 - -17 57 2015 8,725,618 237,639 5,499,831 15 24 1,322 2014 6,938,710 148,081 4,540,870 11 26 1,250 2013 5,312,640 189,268 3,131,575 17 30 836 2016 330 2015 251 - 548 - -53 825 -9 - -4 - 238 2014 193 - - - -45 148 2013 115 - 74 - - 189 ANDERS HEDIN INVEST AB / ANNUAL REPORT / 2017 7