Q4 INTERIM REPORT HEDIN MOBILITY GROUP 1
Retail Net sales increased by 15% to MSEK 7,274 (
MSEK 6,212). Sales of new and used vehicles increased by 34% and 5% respectively. In Sweden, sales increased by 14%. Sales to private leasing have increased throughout the year and including these vehicles, invoicing increased 30%? . Sales in Norway increased by 22%, where we had the opportunity to deliver a lot of cars to customers at the end of the year. In Belgium, sales decreased by 21%, where there has been a severe shortage of cars due to component shortages in the factories. In Switzerland, sales have also been affected by a shortage of cars, and adjusted for acquisitions, sales have decreased slightly. Operational earnings increased by MSEK 30 to MSEK 311 (MSEK 281). The margin decreased slightly to 4.3% (4.5%). In Sweden, operational earnings increased MSEK 52 and the margin increased to 4.7% (4.0%). In Norway, operational earnings increased MSEK 22 and the margin strengthened to 7.5% (7.1%). In Belgium, operational earnings decreased by MSEK 23 and the margin decreased to 2.0% (3.6%), mainly due to a lack of cars. Switzerland showed a negative result for the quarter, also partly since volumes are too low. In Switzerland, several activities are also underway to increase profitability both through increased volume and efficiency improvements in the business. Net sales 4th quarter 2021 Sweden Norway Belgium Switzerland Total 4,502 1,369 896 507 7,274 2020 3,952 1,125 1,134 6,212 1 January - 31 December 2021 16,635 4,806 4,444 507 26,392 2020 14,982 4,124 3,853 22,959 Operational earnings 4th quarter 2021 Sweden Norway Belgium Switzerland Total 211 102 18 -20 311 2020 159 80 41 281 1 January - 31 December 2021 665 284 74 -20 1,003 736 2020 412 257 67 Margin 4th quarter 2021 Sweden Norway Belgium Switzerland Total 4.7% 7.5% 2.0% -3.9% 4.3% 2020 4.0% 7.1% 3.6% 4.5% 1 January - 31 December 2021 4.0% 5.9% 1.7% -3.8% 3.8% 2020 2.7% 6.2% 1.7% 3.2% 11 YEAR-END REPORT 2021 | HEDIN MOBILITY GROUP AB (PUBL) | JANUARY–DECEMBER