Q4 INTERIM REPORT HEDIN MOBILITY GROUP 1
Events after the fourth quarter • On 6 January, t
he acquisition of Toyota de Laat, in Belgium was completed. In addition during January, agreements were also reached to acquire Toyota and Lexus dealer Klaasen &Co, located in Turnhout, as well as Toyota dealer Trullemans, located in Dilbeek. Through these three Toyota dealerships and a Lexus dealership, we have further strengthened the presence in the Belgian market. • On January 10, it was announced that the company is acquiring all shares in Stern Facilitair B.V. from the listed retailer Stern Group N.V. in the Netherlands. The agreement includes all parts of Stern’s core business in the areas of retail, aftermarket, rental car and leasing operations. Stern consists of 47 fullservice plants and is one of the largest car dealers in the Netherlands and represents leading brands such as Mercedes-Benz, Renault, Nissan, Ford, Volvo, Land Rover, Kia and Opel. • Hedin Mobility Group has agreed, through a joint venture, together with Salvador Caetano Group, to acquire all shares in Renault Nordic AB from Renault s.a.s. The company is the importer and distributor of all brands from Renault, Dacia and Alpine in Sweden and Denmark. Hedin Mobility Group’s holding amounts to 50%. The acquisition is subject to approval from the Swedish Competition Authority. • On February 15, an agreement was signed to acquire four additional Mercedez-Benz dealers in Antwerp, Belgium, from Mercedes-Benz Group. The acquisition further strengthens the presence in the Belgian market to the existing 15 MercedezBenz dealerships. The transaction is subject to approval by the Belgian competition authorities. Key Figures Amounts in MSEK Net Sales Operational earnings Margin % Operating profit Operating margin % Profit/loss before tax Equity ratio % Equity ratio %, excluding IFRS 16 Average number of employees 4th quarter 1 January - 31 December 2021 8,739 395 4.5 374 4.3 309 2020 6,362 290 4.6 271 4.3 238 2021 28,191 1,146 4.1 1,069 3.8 839 26 33 3,569 Definitions Equity ratio: Equity including subordinated shareholder loans in relation to total assets Operational earnings: Operating profit excluding items affecting comparability and amortization in surplus values 2020 24,064 805 3.3 729 3.0 511 11 17 2,651 7 YEAR-END REPORT 2021 | HEDIN MOBILITY GROUP AB (PUBL) | JANUARY–DECEMBER