Anders Hedin Invest Årsredovisning 1
DIRECTOR’S REPORT The Board of Directors and CEO
of Anders Hedin Invest AB, corporate ID no. 556702-0655 hereby presents the Annual Report and Consolidated Financial Statements for the financial year 01/01/2017 - 12/31/2017 GENERAL ABOUT THE BUSINESS Anders Hedin Invest Group is a family-owned company that is mainly engaged in the sales and service of vehicles, wholesaling of replacement parts and tires for vehicles and car rental companies. Group vehicle division The I.A. Hedin Bil Group is engaged in trading and manufacturing operations in the motor industry in Sweden and Norway. The brands marketed under Hedin Bil are Mercedes-Benz, Jeep, Dodge, RAM, Smart, Nissan, Mitsubishi, Citroên, DS, Fiat, Cadillac, Corvette, Chevrolet, KIA, Opel, Dacia, Renault, Abarth, Honda, Jaguar, Alfa Romeo, Subaru, Isuzu, Range Rover, Land Rover and Ford. The brands marketed under Bavaria are BMW and MINI, while Porsche is sold in dedicated Porsche Centers. Hedin Bil is currently represented through 87 full service vehicle facilities at attractive locations in the southern, western and eastern part of Sweden, from Trelleborg/Malmö in the south to Uppsala/Stockholm in the east, as well as in Oslo and along the coast up to Stavanger in Norway. KW Cars works with imports and sales of cars produced in the USA, primarily Jeep, Dodge and RAM. In addition, the company operates a store in northern Gothenburg selling replacement parts and holding a complete tire workshop within the DäckRingen concept. KW Cars is an authorized Jeep dealer. Car To Go Sweden AB is a car broker through its own digital sales channels Carplus.se and Carbuy.se. The company also runs a store concept under the brand name Carplus Store, where the company's online business is combined with physical stores. The company is a driving force within the digital transformation of the automotive sector. Car To Go Sweden AB is also involved in product development of new digital online business aimed at private persons and companies. Unifleet AB provides operational and financial leasing as well as vehicle administration services to the Swedish business market. Import of vehicles and wholesale operations of spare parts and tires Klintberg & Way Parts AB is an authorized spare part distributor for General Motors North American Vehicles and Mopar (Chrysler, Jeep, Dodge, RAM) and is the largest wholesaler in Europe of spare parts for US-produced vehicles with sales in 37 countries. The company is the parent company of Klintberg & Way Group with subsidiaries in Sweden, Belgium and Norway. The Group also includes Dawa Däck AB, one of Sweden's largest wholesalers in the tire sector and importer of Kumho, LingLong and Roadstone brands. KW Wheels AB assembles and sells complete wheels on the Swedish market and has the agency for Alutec and Italmatic. Pro-Imp AB markets eight brands, including Cooper-Tire and Mickey Thompson, a leader in developing dragstreet and offroad racing tires. Car rental operations The Mabi Rent Group offers short-term rentals through a full range of cars, light trucks and minibuses. In addition, there is a long-term rental concept that is marketed under the Flexilease brand. The operations are mainly conducted through franchises and there is a national network of rental stations in Sweden along with representation in Berlin, Germany. Property development and management The I.A. Hedin Fastighet AB owns, develops and manages real estates. Current ownership include a property in central Gothenburg dedicated to care and school activities. In December, a car retail property in Gävle was aquired. That property was sold in February 2018. Other investments The company holds investments in Consensus Asset Management AB and Ripam Invest AB and it trades in securities in AH Värdepapper AB. Parent company Anders Hedin Invest AB’s operations consist primarily of managing and developing existing subsidiaries. The company is wholly owned by Anders Hedin. ANDERS HEDIN INVEST AB / ANNUAL REPORT / 2017 73